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Approving the redevelopment contract and the ground lease agreement of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the South Central Urban Renewal Area, identified by house number and street address as 614-626 South Thirteenth street (including 1306-1310 Kater street and 1309-1313 Bainbridge Street); and authorizing the Philadelphia Redevelopment Authority to execute the redevelopment contract and the ground lease agreement with 624 S. 13th Street L.L.C. and to take such action as may be necessary to effectuate the redevelopment contract and the ground lease agreement.
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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 South Central Urban Renewal Area, (hereinafter "South Central"), which said plan and proposal were approved by Ordinance of the Council on December 14, 1971, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract and a ground lease agreement for a portion of South Central, identified by house number and street address as 614-626 South Thirteenth street (including 1306-1310 Kater street and 1309-1313 Bainbridge street) (the "Property"). The area of the Property is bounded as follows:
614-626 South Thirteenth street (including 1306-1310 Kater street and 1309-1313 Bainbridge street). All that certain lot or piece of ground situated in the Second Ward of the City of Philadelphia beginning at the point of intersection of the westerly side of Thirteenth street (fifty feet wide) and the southerly side of Kater street (thirty feet wide); Thence extending southward along the westerly side of Thirteenth street the distance of one hundred twenty feet to a point of intersection with the northerly side of Bainbridge street (fifty feet wide); Thence extending westward along the said side of Bainbridge street the d...
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