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File #: 020480    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/12/2002 In control: Committee on Public Property and Public Works
On agenda: Final action: 11/14/2002
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 situated at the northwest corner of Fifth and Huntingdon streets, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, 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 and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all under certain terms and conditions.
Sponsors: Councilmember Mariano
Indexes: CITY-OWNED PARCELS, PAID
Attachments: 1. CertifiedCopy02048000.pdf
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 situated at the northwest corner of Fifth and Huntingdon streets, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, 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 and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all 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 tract of ground described in the attached "Exhibit A," situated at the northwest corner of Fifth and Huntingdon streets, with the buildings and improvements thereon, subject to a certain driveway easement ("the property"), subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation:

Section 2. The authorization set forth in Section 1 is conditioned upon the Associacion de Musicos Latinos Americanos ("AMLA") obtaining financing to develop, rehabilitate, and/or improve part or all of the property by June 30, 2004.

Section 3. Notwithstanding any contrary requirement of the Philadelphia Industrial and Commercial Development Agreement, PAID is hereby authorized to convey the parcel for nominal consideration to the AMLA, p...

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