Title
Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Ontario Urban Renewal Area, designated as Parcel Nos. 1, 2 & 3 also sometimes identified by respective house number and street address for Parcel No. 1 as 3249-3259 North Carlisle street including 3252-3254 North Broad street, for Parcel No. 2 as 3240-3248 North Broad street and for Parcel No. 3 as 3218-3222 North Broad street and authorizing the Redevelopment Authority to execute the redevelopment contract with the Overbrook Investment Properties, LLC and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
Body
WHEREAS, The Redevelopment Authority of the City of Philadelphia as hereinafter "Redevelopment Authority," has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Ontario Urban Renewal Area, as hereinafter "Ontario", for which said plan and proposal were approved by Ordinance (Bill No. 020253); and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Ontario, designated as Parcel Nos. 1, 2 & 3 also sometimes identified by house number and street address for Parcel No. 1 as 3249-3259 North Carlisle street including 3252-3254 North Broad street, for Parcel No. 2 as 3240-3248 North Broad street and for Parcel No. 3 as 3218-3222 North Broad street (the "Properties"). The areas of said Properties are bounded as follows:
Parcel No. 1 (3249-3259 North Carlisle street including 3252-3254 North Broad street).
ALL THAT CERTAIN lot or piece of ground situated in the Eleventh Ward of the City of Philadelphia with the buildings and improvements thereon erected beginning at a point of intersection of the southerly side of Westmoreland street (fifty feet wide) and the easterly side of Carlisle street (forty feet wide); Th...
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