Title
Authorizing the Commerce Director and the Commissioner of Public Property to acquire an approximately 17 acre property in the vicinity of Island Avenue, Penrose Avenue and Escort Street and to extinguish a deed restriction on the property, all under certain terms and conditions.
Body
WHEREAS, Jerome P. Heilweil and Flora P. Heilweil ("the Heilweils") are the owners of 16.76524 acres of land ("Property") described in Exhibit "A."
WHEREAS, the Heilweils acquired the Property from the Philadelphia Authority for Industrial Development, a body politic and corporate existing under the laws of the Commonwealth of Pennsylvania, by deed dated May 23, 1997, recorded in Deed Book JTD 387 page 210, which included the following condition, covenant and restriction:
"The premises hereinabove described shall not at any time hereafter forever be used for any purpose other than industrial development or redevelopment, including uses related to or accessory to industrial uses which do not change the essential industrial character of the tract and are appropriate and useful in its industrial development or redevelopment, unless and until the Council of the City of Philadelphia shall by Ordinance, waive, alter or amend this restriction in whole or in part."
WHEREAS, the City seeks to purchase the Property as more particularly described in Exhibit "A."
WHEREAS, the City is seeking authorization to extinguish the above described condition, covenant and restriction; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commerce Director and the Commissioner of Public Property, or their designees, are authorized to acquire on behalf of The City of Philadelphia 16.76524 acres in the vicinity of Island Avenue, Penrose Avenue and Escort Street, as more particularly described in Exhibit "A" to this Ordinance.
SECTION 2. The Commerce Director and the Commissioner of Public Property, or their des...
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