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Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Sarah Allen Urban Renewal Area, identified by house number and street address for Parcel No. 4 as 4033-4043 Ogden street including 864-870 Preston Street, authorizing the Redevelopment Authority to execute the redevelopment contract with ALAW Ogden Gardens, Inc. and to take such action as may be necessary to effectuate the redevelopment contract.
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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 Sarah Allen Urban Renewal Area, which said plan and proposal were approved by Ordinance of the Council on June 23, 1998; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of the Sarah Allen Urban Renewal Area identified by house number and street address for Parcel No. 4 as 4033-4043 Ogden street including 864-870 Preston street (hereinafter "Property"). The area of the said Property is bounded as follows:
Parcel No. No. 4 (4033-4043 Ogden street including 864-870 Preston street).
ALL THAT CERTAIN lot or piece of ground situate in the Twenty-fourth Ward of the City of Philadelphia situate at the intersection of the north side of Ogden street and the west side of Preston street; Thence extending northwardly along the west side of the said Preston street the distance of two hundred feet to a point; Thence extending westwardly at right angles to the said Preston street the distance of one hundred twenty feet to a point on the east side of Budd street; Thence extending southwardly along the said side of Budd street the distance of two hundred feet to the point of intersection of the said side of Budd street and the said north side of Ogden street; extending eastwardly along the said side of Ogd...
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