Title
Authorizing the Philadelphia Authority for Industrial Development to purchase a certain tract of land situate at the northwest corner of The Roosevelt Boulevard and Southampton Road, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Philadelphia Authority for Industrial Development ("PAID"), is hereby authorized to purchase, for a consideration not to exceed Nine Hundred Thousand Dollars ($900,000), not including settlement and other incidental costs, and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation ("PIDC"), the following described parcel of land situate at the northwest corner of The Roosevelt Boulevard and Southampton Road, as follows:
ALL THAT CERTAIN lot or piece of ground with the buildings and improvements erected thereon situate in the Fifty-eighth Ward of the City of Philadelphia and described as follows (subject to an official Survey and Plan):
BEGINNING at the point of intersection of the northwesterly side of The Roosevelt boulevard (two hundred fifty-four feet wide) and the northeasterly side of Southampton road (sixty feet wide); thence extending north forty-two degrees fifty-four minutes forty seconds west along the northeasterly side of the said Southampton road the distance of eight hundred seventy-five and five hundred forty-two one-thousandths feet to an angle point; thence continuing north forty-five degrees six minutes forty seconds west along the northeasterly side of said Southampton road the distance of one thousand two hundred forty-five and seven hundred eighty-three one-thousandths feet to a point on the southeasterly side of Carter road (forty-six and fifty one-hundredths feet wide); thence extending north forty-one degrees four minutes twenty-two seconds east along the southeasterly side of said Carter road the distanc...
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