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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the East Poplar Urban Renewal Area, identified by house numbers and street addresses as 942 North Marshall street, 948 North Marshall street, 950 North Marshall street, 962 North Marshall street, 981 North Marshall street, 983 North Marshall street, 985 North Marshall street, 987 North Marshall street, 993 North Marshall street, 995 North Marshall street, 996-998 North Marshall street, 1010 North Marshall street and 1012 North Marshall street; and authorizing the Redevelopment Authority to execute the redevelopment contract with BMK Properties, LLC 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 East Poplar Urban Renewal Area (hereinafter "East Poplar"), which said plan and proposal were approved by Ordinance of the Council on December 24, 1959, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of East Poplar, identified by house numbers and street addresses as 942 North Marshall street, 948 North Marshall street, 950 North Marshall street, 962 North Marshall street, 981 North Marshall street, 983 North Marshall street, 985 North Marshall street, 987 North Marshall street, 993 North Marshall street, 995 North Marshall street, 996-998 North Marshall street, 1010 North Marshall street and 1012 North Marshall street (collectively, the "Properties"). The areas of the Properties are bounded as follows:
942 North Marshall street.
Beginning at a point on the westerly side of Marshall street (fifty feet wide) measured northwardly along the said westerly side of Marshall street, the distance of three hundred twenty feet nin...
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