Title
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 Model Cities Urban Renewal Area, designated as Parcel Nos. 648 & 657 also sometimes identified by house numbers and street addresses for Parcel No. 648 as 1607 Diamond street and for Parcel No. 657 as 1603 Diamond street; authorizing the Redevelopment Authority to execute the redevelopment contract with Sophisticated Investments, Inc. and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
Body
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 Model Cities Urban Renewal Area, (hereinafter "Model Cities"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Model Cities, designated as Parcel Nos. 648 & 657 also sometimes identified by house numbers and street addresses for Parcel No. Parcel No. 648 as 1607 Diamond street and for Parcel No. 657 as 1603 Diamond street (the "Properties"). The area of said Properties is bounded as follows:
Parcel No. 648 (1607 Diamond street).
ALL THAT CERTAIN lot or piece of ground situated in the Thirty-second Ward of the City of Philadelphia beginning at a point on the north side of Diamond street (seventy feet wide) at the distance of fifty four feet west from the west side of North 16th street (fifty feet wide); Containing in front or breadth along the said Diamond street; eighteen feet, and extending of that width in length or depth northward between parallel lines at right angles to the said Diamond street, one hundred feet.
Parcel No. 657 (1603 Diamond street).
A...
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