Title
Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the American Street Industrial Corridor Urban Renewal Area, identified by house numbers and street addresses as 1505-1513 Cadwallader street and 250-266 West Oxford street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Tajdeed Redevelopment Associates, LP and to take such action as may be necessary to effectuate the redevelopment contract.
Body
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 American Street Industrial Corridor Urban Renewal Area (hereinafter "American Street"), which said plan and proposal were approved by Ordinance of the Council on June 13, 2002, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of American Street, identified by house numbers and street addresses as 1505-1513 Cadwallader street and 250-266 West Oxford street (the "Properties"). The area of the Properties are bounded as follows:
1505-1513 Cadwallader street.
ALL THAT CERTAIN lot or piece of ground situate in the Nineteenth Ward of the City of Philadelphia beginning at a point on the westerly side of Bodine street located at a distance of thirty-one feet ten and one-half inches from the intersection of the northerly side of Jefferson street (fifty feet wide) and the westerly side of Bodine street (thirty feet wide) and extending; Thence, north seventy-eight degrees, fifty-one minutes, fifty-four seconds west, a distance of twenty-one and six hundred ninety-five thousandths feet to a point; Thence, north seventy-eight degrees, fifty-one minutes, fifty-four seconds west, a distance of seven and five hundredths feet; Thence, south two degrees, twenty-one minutes, thirty-six seconds ...
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