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 at 500, 502, 504, 506, 508 and 510 West Montgomery avenue, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation.
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 at 500, 502, 504, 506, 508 and 510 West Montgomery avenue, subject however to all 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 vacant lot or piece of ground with the improvements erected thereon, situate in the Nineteenth Ward of the City of Philadelphia as follows (subject to an official survey and plan):
BEGINNING at a point formed by the intersection of the easterly side of Randolph street (fifty feet wide) and the southerly side of Montgomery avenue (fifty feet wide); thence extending south seventy-eight degrees fifty-nine minutes east, along the said southerly side of Montgomery avenue, the distance of one hundred ninety feet zero inches to a point of intersection with the westerly side of Fifth street, the distance of nine feet six and one-quarter inches to a point; thence extending north eighty-six degrees fifty-four minutes west the distance of one hundred one feet seven and one-quarter inches to a point; thence extendi...
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