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 No. 690 also sometimes identified by house number and street address as 1229 North Fifteenth street; authorizing the Redevelopment Authority to execute the redevelopment contract with Qing Feng Real Estate Investment, LLC 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 No. 690 also sometimes identified by house number and street address as 1229 North Fifteenth street (the "Property"). The area of said Property is bounded as follows:
Parcel No. 690 (1229 North Fifteenth street).
ALL THAT CERTAIN lot or piece of ground situate in the Forty-seventh Ward of the City of Philadelphia beginning at a point on the easterly side of Fifteenth street (fifty feet wide) at the distance of seventeen feet south from the southerly side of Stiles street (forty feet wide); Thence extending in an easterly direction the distance of seventy five feet to a point on the westerly side of a certain four feet eight inches wide alley that extends northward into the said Stiles street and southward into Flora street (fifteen feet wide); Thence extending in a southerly direction along the said westerly side of the aforesaid alley, the distance of fifteen feet to a point;...
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