Title
Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the 44th and Aspen Urban Renewal Area designated as Parcel No. 105 also sometimes identified by house number and street address as 626-630 North Forty-fourth street; authorizing the Redevelopment Authority to execute the redevelopment contract with Saint Ignatius Senior Housing 1 L.P. and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an amended urban renewal plan and an amended redevelopment proposal for the redevelopment of the 44th and Aspen Redevelopment Area, 44th & Aspen Urban Renewal Area (hereinafter "44th & Aspen "), which said plan and proposal were approved by Ordinance of the Council on July 7, 2003, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract which includes, inter alia, a portion of 44th & Aspen designated as Parcel No. 105 also sometimes identified by house number and street address as 626-630 North Forty-fourth street (the "Property"). The areas of the Property are bounded as follows:
Parcel No. 105 (626-630 North Forty-fourth street). All that certain lot or piece of ground situated in the Forty-fourth Ward of the City of Philadelphia beginning on the northwest corner of the intersection at North Forty-fourth street (sixty feet wide) and Wallace street (fifty feet wide); Containing in front or breadth along the west side of the said Forty-fourth street; sixty feet, and extending that width in length or depth between parallel lines at right angles to the said Forty-fourth street and also along the north side of the said Wallace street; seventy four feet five inches.
The said redevelopment cont...
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