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 American Street Industrial Corridor Urban Renewal Area, designated as Parcel No. 16 also sometimes identified by respective house number and street address for Parcel No. 16 as 1425-1443 North American street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Crane Arts, LLC and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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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 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, designated as Parcel No. 16 also sometimes identified by respective house number and street address for Parcel No. 16 as 1425-1443 North American street (hereinafter "Property"). The area of the Property is bounded as follows:
Parcel No. 16 (1425-1443 North American street).
ALL THAT CERTAIN lot or piece of ground situated in the Eighteenth Ward of the City of Philadelphia beginning at a point on the east side of American street (one hundred twenty feet wide) at the distance of thirty three feet two inches southward of the south side of Jefferson street (fifty feet wide); Thence extending eastward at a right angle with the east side of the said American street; ninety one feet nine inches, to a point; Thence extending southward at a right angle with the said Jefferson street; fourteen feet ten inches, to a point; Thence extending wes...
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