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 Model Cities Urban Renewal Area, designated as Parcel No. 388 also sometimes identified by house number and street address as 1725-1737 Olive street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Dominic and Monica DiGiulio 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 urban renewal plan and a redevelopment proposal for the redevelopment of the Model Cities Urban Renewal Area, (hereinafter "Model Cities"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Model Cities, designated as Parcel No. 388 also sometimes identified by house number and street address as 1725-1737 Olive street (the "Property"). The area of said Property is bounded as follows:
Parcel No. 388 (1725-1737 Olive street).
ALL THAT CERTAIN lot or piece of ground situated in the Fifteenth Ward of the City of Philadelphia beginning at a point on the northerly side of Olive street (twenty feet wide) at the distance of eighty eight feet three and one-quarter inches east from the easterly side of Eighteenth street (fifty feet wide); Containing in front or breadth on the said Olive street one hundred four feet and extending of that width in length or depth between parallel lines at right angles to the said Olive street twenty five feet to a point.
The said redevelopment contract is in substantial conformity with the amended urban renewal plan and the amended redevelopment proposal approved by the Council...
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