City of Philadelphia - File #: 060622

• File #: 060622
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 9/14/2006
• In control: Committee on Public Property and Public Works
• 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 in the vicinity of Forty-ninth Street and Parkside 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 less than fair market value; all under certain terms and conditions.
• Sponsors: Councilmember Blackwell
• Indexes: PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
9/14/2006	0	CITY COUNCIL	Referred
9/14/2006	0	CITY COUNCIL	Introduced	Pass

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 in the vicinity of Forty-ninth Street and Parkside 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 less than fair market value; 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 following described tract of ground, situate in the vicinity of Forty-ninth street and Parkside 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:

ALL THAT CERTAIN lot or piece of ground with the buildings and improvements erected thereon situated in the Fifty-second Ward of the City of Philadelphia and described as follows (subject to an official survey and plan):

BEGINNING at a point on the southwesterly side of Parkside avenue (one hundred feet wide, State Route #3017, Legislative Route #67369) said point being measured along the southwesterly side of Parkside avenue, southeastwardly from the intersection of the southwesterly side of Parkside avenue and the southeasterly side of Forty-ninth street (sixty feet wide) and crossing a ...