Title
Authorizing the Commissioners of Fairmount Park and the Commissioner of Public Property, on behalf of the City of Philadelphia, to transfer two certain lots or pieces of ground situate in the vicinity of McNulty and Townsend Roads to the Philadelphia Authority for Industrial Development (PAID) in exchange for two certain lots or pieces of ground of equal or greater value owned by PAID situate in the vicinity of McNulty and Townsend Roads, in the Sixty-sixth Ward of the City of Philadelphia, under certain terms and conditions.
Body
WHEREAS, The City of Philadelphia ("City") is the owner of two certain parcels of land situate in the vicinity of McNulty and Townsend roads (the "City Parcels"); and
WHEREAS, The City Parcels are part of a larger property owned by the City and are under the jurisdiction of the Fairmount Park Commission; and
WHEREAS, The Philadelphia Authority for Industrial Development (PAID) is the owner of two certain parcels of industrial land situate in the vicinity of McNulty and Townsend roads, adjacent to the City Parcels; and
WHEREAS, PAID desires to acquire the City Parcels for the expansion and further industrial development of its property; and
WHEREAS, PAID is willing to convey to the City properties of equal or greater value situate on the southwest side of McNulty road (PAID Parcels) in exchange for the City Parcels; and
WHEREAS, The acquisition by the City and Fairmount Park of the PAID Parcels would result in a net increase in the acreage of Fairmount Park and would greatly improve public access to the Park; and
WHEREAS, The Commissioners of Fairmount Park, at their meeting of April 9, 2003, approved this exchange of properties between the City and PAID; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioners of Fairmount Park and the Commissioner of Public Property, on behalf of the City of Philadelphia, are hereby authorized to exchange the p...
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