Title
Authorizing the Commissioner of Public Property to convey to the Philadelphia Authority for Industrial Development, all or part of a parcel of land and any improvements located at 3300-98 C Street (Front and Rear), for further conveyance, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property, on behalf of the City of Philadelphia, is hereby authorized to convey to the Philadelphia Authority for Industrial Development (PAID), all or part of those certain parcels of land and any improvements located at 3300-98 C Street (Front and Rear), as more particularly identified in the map attached hereto as Exhibit "A", for further conveyance, under certain terms and conditions.
SECTION 2. Conveyance of the property to PAID shall be conditioned upon a commitment by PAID to require the purchaser to enter into an Economic Opportunity Plan in accordance with Section 17-1602 of The Philadelphia Code, as amended.
SECTION 3. The City Solicitor is hereby authorized to impose such terms and conditions on the transaction authorized by this Ordinance as the City Solicitor deems necessary and proper to protect the interests of the City, and to carry out the purposes of this Ordinance.
EXHIBIT A
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