Title
Approving an amendment to the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of an additional portion of the Frankford Creek Urban Renewal Area, designated as Parcel No. 3 also sometimes identified by respective house numbers and street addresses as 4401 Castor avenue including 1512-1520 East Wingohocking street; authorizing the Redevelopment Authority to execute the amendment to the redevelopment contract with Impact Community Development Corporation and to take such action as may be necessary to effectuate the amended redevelopment contract and disposition supplement.
Body
WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Frankford Creek Urban Renewal Area, (hereinafter "Frankford Creek"), for which said plan and proposal were approved by Ordinance of the Council on June 12, 2003, as amended; and
WHEREAS, The Redevelopment Authority has executed a redevelopment contract with Frankford Community Development Corporation for a portion of Frankford Creek, designated as Parcel Nos. 1 & 2 also sometimes identified by respective house numbers and street addresses for Parcel No. 1 as 1601 East Cayuga street including 320-322 & 336 Frogmoor street and 1522-1542 East Wingohocking street and for Parcel No. 2 as 307-347 Frogmoor street including 1550-1564 East Wingohocking street which said redevelopment contract and disposition supplement were approved by Resolution No. 050705 adopted by the Council of the City of Philadelphia on June 16, 2005; and
WHEREAS, Frankford Community Development Corporation is willing to assign all the rights, title and interest in and to the redevelopment contract to Impact Community Development Corporation under certain terms and conditions; and
WHEREAS, The Redevel...
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