City of Philadelphia - File #: 051231

• File #: 051231
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 12/22/2005
• In control: Committee on Public Property and Public Works
• Final action: 2/9/2006
• 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 containing approximately twenty-two acres located between Fiftieth and Fifty-second Streets south of Parkside Avenue, for a consideration of Four Hundred Thousand Dollars ($400,000), to the West Philadelphia Financial Services Institution, under certain terms and conditions.
• Sponsors: Councilmember Nutter, Councilmember Nutter
• Indexes: PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
2/16/2006	0	MAYOR	SIGNED
2/16/2006	0	MAYOR	SIGNED
2/9/2006	0	CITY COUNCIL	READ
2/9/2006	0	CITY COUNCIL	READ
2/9/2006	0	CITY COUNCIL	PASSED	Pass	16:0
2/9/2006	0	CITY COUNCIL	PASSED	Pass	16:0
2/2/2006	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
2/2/2006	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
2/2/2006	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
2/2/2006	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
2/2/2006	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
2/2/2006	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
2/1/2006	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
2/1/2006	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
2/1/2006	0	Committee on Public Property and Public Works	HEARING HELD
2/1/2006	0	Committee on Public Property and Public Works	HEARING HELD
2/1/2006	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
2/1/2006	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
12/22/2005	0	CITY COUNCIL	Referred
12/22/2005	0	CITY COUNCIL	Referred
12/22/2005	0	CITY COUNCIL	Introduced	Pass
12/22/2005	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 containing approximately twenty-two acres located between Fiftieth and Fifty-second Streets south of Parkside Avenue, for a consideration of Four Hundred Thousand Dollars ($400,000), to the West Philadelphia Financial Services Institution, 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 containing approximately twenty-two acres located between Fiftieth and Fifty-second Streets south of Parkside Avenue, for less than fair market value, under certain terms and conditions:

Premises A:

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 in accordance with a Plan of Property (FF-7N-0067) made January 24, 2005 for the Philadelphia Industrial Development Corporation by Thomas F. Marro, Acting Surveyor and Regulator of the Seventh Survey District, as follows:

BEGINNING at a point on the northwesterly side of the sixty feet wide portion of Fiftieth street (sixty feet and fifty-nine and five-tenths feet wide), said point being measured from the point of intersection of the northwesterly side of Parkside avenue (one hundred feet wide, State Route #3017) the following three courses and distances: (1) south twenty-seven...