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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the New Kensington-Fishtown Urban Renewal Area, identified by house number and street address as 2550 Emerald street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Luval, Inc. 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 New Kensington-Fishtown Urban Renewal Area (hereinafter "New Kensington-Fishtown"), which said plan and proposal were approved by Ordinance of the Council on June 13, 1997, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of New Kensington-Fishtown, identified by house number and street address as 2550 Emerald street (the "Property"). The area of the Property is bounded as follows:
2550 Emerald street.
ALL THAT CERTAIN lot or piece of ground located in the Thirty-first Ward of the City of Philadelphia with the buildings and appurtenances thereto, if any, being bounded and described as follows: beginning at a point of intersection of the southwesterly side of Hazzard street and the northwesterly side of Emerald street; Thence extending northwestward along the southwesterly side of Hazzard street a distance of sixty feet two inches to a point; Thence extending southwestward at right angles to said Hazzard street a distance of twenty feet three and one-quarter inches to a point; Thence extending south thirty-three degrees, fifteen minutes, ten seconds east, a distance of twenty-eight feet and three-quarters inches to an angle point; Thence extending further southeastward thirty-two feet one and one-quarter inches to a point on the northwesterly side of Eme...
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