Title
Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Ellsworth Urban Renewal Area, Unit No. 2, designated as Parcel No. 5C and also sometimes identified by house number and street address as 2025 Federal street; and authorizing the Redevelopment Authority to execute the redevelopment contract with AJK Investments, LP and to take such action as may be necessary to effectuate the redevelopment contract.
Body
WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Ellsworth Urban Renewal Area, Unit No. 2 (hereinafter "Ellsworth") which said plan and proposal were approved by Ordinance of the Council on June 19, 1972, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Ellsworth, designated as Parcel No. 5C also sometimes identified by house number and street address as 2025 Federal street (hereinafter "Property"). The area of the Property is bounded as follows:
Parcel No. 5C (2025 Federal street) All that certain lot or piece of ground situated in the Thirty-sixth Ward of the City of Philadelphia beginning at a point on the north side of Federal street (fifty feet wide) at the distance of one hundred ninety seven feet west from the westerly side of Twentieth street (fifty feet wide); Thence extending northward on a line at right angles to the said Federal street seventy six feet five and one-quarter inches to a point on the south side of a certain four feet wide alley that extends eastward, communicating with a certain three feet wide alley that extends southward into the said Federal street and northward into Annin street (thirty feet wide); Thence extending westward along said side of the aforementioned four feet wide alley sixteen ...
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