Title
Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the American Street Industrial Corridor Urban Renewal Area, designated as Parcel No. 1 also sometimes identified by respective house number and street address as 1700-1716 North Randolph street; and authorizing the Redevelopment Authority to execute the redevelopment contract with the Daniel J. Lasdon and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia as hereinafter "Redevelopment Authority", has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the American Street Industrial Corridor Urban Renewal Area, as hereinafter "American Street", for which said plan and proposal were approved by Ordinance of the Council on June 13, 2002; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of American Street, designated as Parcel No. 1 also sometimes identified by respective house number and street address as 1700-1716 North Randolph street (the "Parcel"). The area of said Parcel is bounded as follows:
Parcel No. 1 (1700-1716 North Randolph street).
ALL THAT CERTAIN lot or piece of ground situated in the Eighteenth Ward of the City of Philadelphia with the buildings and improvements thereon erected beginning at a point on the northeasterly side of Cecil B. Moore avenue (fifty feet wide) at the distance of thirty eight feet nine inches northwestward from the northwesterly side of Randolph street (fifty feet wide); Thence extending north seventy-eight degrees thirty-nine minutes west along the northeasterly side of said Cecil B. Moore avenue a distance of forty six feet five and one-half inches to a point; Thence extending north nine degrees fifty-eight m...
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