Title
Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development ("PAID"), without consideration, a deed conveying fee simple title to two certain tracts of City-owned land with the buildings and improvements thereon, situate in the vicinity of American street and Montgomery avenue, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation; and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land for a nominal consideration, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property is hereby authorized to execute and deliver to the Philadelphia Authority for Industrial Development ("PAID"), without consideration, a deed conveying fee simple title to the following described tracts of ground, situate in the vicinity of American street and Montgomery avenue, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation, as follows:
Parcel "A"
ALL THOSE CERTAIN lots or pieces of ground situate in the Eighteenth Ward of the City of Philadelphia and described as follows (Subject to an official Survey):
BEGINNING at the point of intersection of the southerly side of Montgomery avenue (fifty feet wide) and the westerly side of Bodine street (thirty feet wide); Thence extending southwardly along the westerly side of said Bodine street the distance of fifty-six feet to a point; thence extending westwardly along a line the distance of forty-six feet to a point on the easterly side of a certain six feet wide alley; thence extending no...
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