City of Philadelphia - File #: 060623

• File #: 060623
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 9/14/2006
• In control: Committee on Public Property and Public Works
• Title: Authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Industrial Development Corporation (PIDC), and the PAID, to convey fee simple title to a certain property located in the vicinity of Forty-ninth Street and south of Parkside Avenue, for less than fair market value, under certain terms and conditions.
• Sponsors: Councilmember Blackwell
• Indexes: PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
9/14/2006	0	CITY COUNCIL	Referred
9/14/2006	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Industrial Development Corporation (PIDC), and the PAID, to convey fee simple title to a certain property located in the vicinity of Forty-ninth Street and south of Parkside Avenue, for less than fair market value, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Authority for Industrial Development (PAID) and the Philadelphia Industrial Development Corporation (PIDC), PAID is authorized to convey fee simple title to the following described property located in the vicinity of Forty-ninth Street and south of Parkside Avenue, for less than fair market value, under certain terms and conditions.

ALL THAT CERTAIN lot or piece of ground with the buildings and improvements erected thereon, situated in the Fifty-second Ward of the City of Philadelphia, and described as follows (subject to an official survey and plan):

BEGINNING at a point on the southeasterly side of Forty-ninth street (sixty feet wide) at the distance of two hundred feet southwestwardly from the southwesterly side of Parkside avenue (one hundred feet wide, State Route #3017, Legislative Route #67369); thence extending south sixty-two degrees twenty-four minutes forty-seven seconds east, the distance of sixty-five and one hundred seventy-seven one-thousandths feet to a point; thence extending south six degrees nineteen minutes twenty-nine seconds east the distance of twenty and eight hundred ninety-six one-thousandths feet to a point; thence extending south eighty-three degrees forty minutes thirty-one seconds west the distance of four and seven hundred sevent...