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Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the American Street Industrial Corridor Urban Renewal Area, designated as Parcel Nos. 13 & 14 also sometimes identified by respective house numbers and street addresses for Parcel No. 13 as 1421-1423 North American street and for Parcel No. 14 as 1416 North Philip street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Tammi Investments, L.P. to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority"), has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the American Street Industrial Corridor Urban Renewal Area (hereinafter "American Street"), which said plan and proposal were approved by Ordinance of the Council on June 13, 2002, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of American Street, designated as Parcel Nos. 13 & 14 also sometimes identified by respective house numbers and street addresses for Parcel No. 13 as 1421-1423 North American street and for Parcel No. 14 as 1416 North Philip street (hereinafter "Properties"). The area of the Properties are bounded as follows:
Parcel No. 13 (1421-1423 North American street).
ALL THAT CERTAIN lot or piece of ground situated in the Seventeenth Ward of the City of Philadelphia beginning at a point on the east side of North American street (one hundred feet wide) at the distance of one hundred ninety two feet southward from the south side Jefferson street (fifty feet wide); Containing in front or breadth on the said American street thirty two feet and extending of that width in length or depth between parallel li...
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