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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 Mantua Urban Renewal Area, designated as Parcel Nos. 269, 270 & 271 and also sometimes identified by house numbers and street addresses for Parcel No. 269 as 611-627 North Fortieth street, for Parcel No. 270 as 3951 Mount Vernon street and for Parcel No. 271 as 3962-3964 Mount Vernon street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Big Daisy Corp. 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 Mantua Urban Renewal Area, (hereinafter "Mantua"), 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 Mantua designated as Parcel Nos. 269, 270 & 271 and also sometimes identified by house numbers and street addresses for Parcel No. 269 as 611-627 North Fortieth street, for Parcel No. 270 as 3951 Mount Vernon street and for Parcel No. 271 as 3962-3964 Mount Vernon street (the "Properties"). The areas of the said Properties are bounded as follows:
Parcel No. 269 (611-627 North Fortieth street). All that certain lot or piece of ground situated in the Twenty-fourth Ward of the City of Philadelphia beginning at the intersection of the east side of Fortieth street (sixty feet wide) and the north side of Mount Vernon street (forty feet wide); Thence extending north along the said side of Fortieth street one hundred sixty feet to a point on the south side of Wallace street (fifty feet wide); Thence extending e...
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