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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 44th and Aspen Urban Renewal Area designated as Parcel Nos. 110 & 111 also sometimes identified by house number and street address for Parcel No. 110 as 806-816 North Forty-seventh street and for Parcel No. 111 as 820 North Forty-seventh street; authorizing the Redevelopment Authority to execute the redevelopment contract with Brown Street Associates, L.P. 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 amended urban renewal plan and an amended redevelopment proposal for the redevelopment of the 44th and Aspen Redevelopment Area, 44th and Aspen Urban Renewal Area (hereinafter "44th & Aspen"), which said plan and proposal were approved by Ordinance of the Council on July 7, 2003, as amended; and,
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract which includes, inter alia, a portion of 44th & Aspen designated as Parcel Nos. 110 & 111 also sometimes identified by house number and street address for Parcel No. 110 as 806-816 North Forty-seventh street and for Parcel No. 111 as 820 North Forty-seventh street; (the "Properties"). The areas of the Properties are bounded as follows:
Parcel No. 110 (806-816 North Forty-seventh street).
ALL THAT CERTAIN lot or piece of ground situated in the Sixth Ward of the City of Philadelphia beginning at a point on the east side of Forty-seventh street (fifty feet wide) at the distance of fifty three feet north from the north side of Brown street (eighty feet wide) with said point being on the north side of a certain three feet wide alley that extends eastward into the said Forty-seventh street; Containi...
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