Title
Approving the development contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the West Oak Lane Redevelopment Area, designated as Parcel No. 2 also sometimes identified by house number and street address as 2502-2506 West Cheltenham avenue; authorizing the Redevelopment Authority to execute the development contract with Ogontz Avenue Revitalization Corporation and to take such action as may be necessary to effectuate the development contract and disposition supplement.
Body
WHEREAS, In accordance with the provisions of the Urban Redevelopment Law, being the Act of May 24, 1945, P.L. 991, as amended and supplemented, the City Planning Commission of the City of Philadelphia has in May, 2005, certified the West Oak Lane Redevelopment Area as a redevelopment area and has completed a detailed redevelopment area plan for the West Oak Lane Redevelopment Area dated May 2005 (hereinafter "West Oak Lane"); and
WHEREAS, The Redevelopment Authority has prepared a development contract for a portion of West Oak Lane, designated as Parcel No. 2 also sometimes identified by house number and street address as 2502-2506 West Cheltenham avenue (hereinafter the "Property"). The area of said Property to be conveyed is bounded as follows:
Parcel No. 2 (2502-06 West Cheltenham avenue).
ALL THAT CERTAIN lot or piece of ground situate in the Fiftieth Ward of the City beginning at a point on the southwesterly side of Cheltenham avenue (forty five feet wide) at the distance of one hundred ten feet northwestwardly from the intersection of the said southwesterly side of Cheltenham avenue with the northwesterly side of Upsal street (sixty feet wide); Containing in front or breadth on the said southwesterly side of Cheltenham avenue, fifty feet and extending of that width in length or depth southwestwardly on the northwesterly line, one hundred thirty one feet nine and ...
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