City of Philadelphia - File #: 010712

• File #: 010712
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 12/6/2001
• In control: Committee on Public Property and Public Works
• Final action: 12/20/2001
• Title: Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain tract of land situate at 2114-60 North American Street, for a consideration not to exceed Three Hundred Fifty Thousand ($350,000.00), under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and Philadelphia Industrial Development Corporation (PIDC); and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land for a nominal consideration to the Redevelopment Authority of the City of Philadelphia, or its nominee; all under certain terms and conditions.
• Sponsors: Councilmember Mariano
• Indexes: PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
12/21/2001	0	MAYOR	SIGNED
12/20/2001	0	CITY COUNCIL	READ
12/20/2001	0	CITY COUNCIL	PASSED	Pass	17:0
12/13/2001	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/13/2001	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/13/2001	0	Committee on Public Property and Public Works	HEARING HELD
12/13/2001	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
12/12/2001	0	Committee on Public Property and Public Works	HEARING HELD
12/12/2001	0	Committee on Public Property and Public Works	RECESSED
12/6/2001	0	CITY COUNCIL	Referred
12/6/2001	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain tract of land situate at 2114-60 North American Street, for a consideration not to exceed Three Hundred Fifty Thousand ($350,000.00), under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and Philadelphia Industrial Development Corporation (PIDC); and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land for a nominal consideration to the Redevelopment Authority of the City of Philadelphia, or its nominee; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Philadelphia Authority for Industrial Development ("PAID"), is hereby authorized to purchase, for a consideration not to exceed Three Hundred Fifty Thousand ($350,000.00), not including settlement and other incidental costs, the following described parcel of land situate at 2114-60 North American street, as follows:

ALL THAT CERTAIN lot or piece of ground situate in the Eighteenth Ward of the City of Philadelphia and described as follows (subject to an official survey):

BEGINNING at the point of intersection of the westerly side of American street (one hundred twenty feet wide) with the southerly side of Susquehanna avenue (sixty feet wide); thence extending southwardly along the westerly side of said American street the distance of four hundred twenty-seven feet two and three-fourths inches to a point; thence extending westwardly along a property line the distance of fifty-seven feet two and one-fourth inches to an angle point; thence continuing westwardly along said property line the distance of fifty-nine feet to a point on the easterly side of Bodine street (thirty feet wide); thence extending northwardly along the easterly side of said Bodine...