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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Eastwick Urban Renewal Area, identified by house number and street address as 7936-7940 Buist avenue and authorizing the Redevelopment Authority to execute the redevelopment contract with Buist Avenue, 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 Eastwick Urban Renewal Area (hereinafter "Eastwick"), which said plan and proposal were approved by Ordinance of the Council on May 26, 1958, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Eastwick, identified by house number and street address as 7936-7940 Buist avenue (the "Property"). The area of the Property is bounded as follows:
7936-7940 Buist avenue.
ALL THAT CERTAIN lot or piece of ground with the buildings and appurtenances thereto, if any, situate in the Fortieth Ward of the City of Philadelphia beginning at a point formed by the intersection of the southerly side of Buist avenue (seventy feet wide) and the easterly side of Eightieth street (seventy feet wide); Thence extending eastward along the southerly side of said Buist avenue, one hundred feet to a point; Thence extending in a southward direction along a line parallel to said Eightieth street, one hundred twenty seven and five tenths feet to a point; Thence extending westward along a line parallel to said Buist avenue, one hundred feet to a point on the easterly side of said Eightieth street; Thence extending northward along the easterly side of said Eightieth street, one hundred twenty seven and five tenths feet to the first mentioned point and place of beginning.
The said redevelopm...
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