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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the East Venango Industrial Urban Renewal Area, identified by house numbers and street addresses as 2929 Kingston street and 2940 East Venango street; and authorizing the Redevelopment Authority to execute the redevelopment contract with AZ Property Group LLP and to take such action as may be necessary to effectuate the redevelopment contract.
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WHEREAS, The Philadelphia Redevelopment Authority (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the East Venango Industrial Urban Renewal Area (hereinafter "East Venango"), which said plan and proposal were approved by Ordinance of the Council on March 15, 1977, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of East Venango, identified by house numbers and street addresses as 2929 Kingston street and 2940 East Venango street (collectively, the "Properties"). The area of the Properties is bounded as follows:
2929 Kingston street and 2940 East Venango street. Beginning at a point on the northeasterly side of Kingston street (forty feet wide) at a distance of two hundred forty-one feet six inches, more or less, southeast from the southeasterly side of Bath street; Thence, extending in a northeasterly direction along a line of property now or late of John W. Benton and Tobienia his wife, sixty-six feet six and one-half inches, more of less, to a point; Thence, extending in a southeasterly direction along a line of property of the aforesaid Benton property, twenty-three feet four and one-half inches, more or less, to a point; Thence, extending in a northeasterly direction along a line of property now or late of Joseph Flanagan and Marie, eighty feet zero inches, more or less, to a point on the southwesterly side of Venan...
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