Title
Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain 18.41-acre tract of land situate at 3101 East Orthodox Street, for a consideration not to exceed Eight Hundred Seventy-four Thousand Five Hundred Dollars ($874,500), under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and Philadelphia Industrial Development Corporation (PIDC).
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Philadelphia Authority for Industrial Development ("PAID"), is hereby authorized to purchase, for a consideration not to exceed Eight Hundred Seventy-four Thousand Five Hundred Dollars ($874,500), not including settlement and other incidental costs, the following described parcel of land situate at 3101 East Orthodox Street, as follows:
ALL THAT CERTAIN lot or piece of ground situate in the Sixth Ward of the City of Philadelphia and described as follows (subject to an official Survey and Plan):
BEGINNING at the point of intersection of the northeasterly side of Orthodox street (sixty feet wide) and the easterly right-of-way line of the Kensington and Tacony Railroad; thence extending north twenty-eight degrees forty-three minutes forty-four seconds east along the said easterly railroad right-of-way line and crossing the Philadelphia Belt Line Railroad the distance of seven hundred forty-one feet six and one-half inches to a point; thence extending south twenty-seven degrees forty-nine minutes eight seconds east along a line the distance of eight hundred eighty-eight feet eleven and seven-eighths inches to a point on the Bulkhead Line of the Delaware River; thence continuing along said line south twenty-seven degrees forty-nine minutes eight seconds east the distance of six hundred six feet six and one-eighth inches to a point on the Pierhead Line of the Delaware River; thence extending south forty-two degrees ten mi...
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