Title
Approving the action of the Boards of the Philadelphia Industrial Development Corporation and the Philadelphia Authority for Industrial Development to sell Parcel F-3, in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately three acres to Sterling Collision Centers, Inc.
Body
WHEREAS, The Council of the City of Philadelphia, by Bill Number 916, approved November 20, 1973, has authorized and approved the execution of a Redevelopment Agreement between the Redevelopment Authority of the City of Philadelphia and the Philadelphia Industrial Development Corporation, PIDC-Financing Corporation, and the Philadelphia Authority for Industrial Development, for the redevelopment and urban renewal of the Eastwick Urban Renewal Area - Stage "A" Industrial; and
WHEREAS, The Philadelphia Authority for Industrial Development has purchased from the Redevelopment Authority of the City of Philadelphia the required land under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, City Council did reserve unto itself the Right of Approval, by Resolution, for each transaction completed by PAID under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, Sterling Collision Centers, Inc., currently located in Natick, Massachusetts, proposes to purchase Parcel F-3 in the Eastwick Urban Renewal Area - Stage "A" Industrial, and construct a sixteen thousand four hundred eighty-six square foot building for use as an auto-body repair shop; and
WHEREAS, Sterling Collision Centers, Inc. proposes to create twenty-five new jobs; and
WHEREAS, PIDC and PAID, upon the unconditional approval of their Boards at their meetings of May 20, 2003, and upon review by the Redevelopment Authority of the City of Philadelphia, have agreed to sell to Sterling Collision Centers, Inc. Parcel F-3 in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately three acres, more fully descr...
Click here for full text