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 a certain tract of City-owned land with the buildings and improvements thereon, situate at the southeast corner of Thirty-first and Oakford Streets, generally under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation.
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 tract of ground, subject however to all 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:
ALL THAT CERTAIN vacant lot or piece of ground situate in the Thirty-sixth Ward of the City of Philadelphia and derived from a survey and Plan of Properties by John Stefanco, Surveyor and Regulator of the Second Survey District, dated February 27, 1978, as follows:
BEGINNING at a point of intersection formed by the southerly side of Oakford street (fifty feet wide) and the easterly side of Thirty-first street (fifty feet wide); thence extending south seventy-five degrees zero minutes east along the southerly side of the said Oakford street and partly crossing the northerly end of former Thirtieth street (fifty feet wide - stricken from the City Plan and vacated) being also the northerly end of a fifty foot wide right-of-way reserved for drainage purposes, the distance of four hundred twenty-one feet zero inches to a point on the centerline of the said drainage right-of-way...
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