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 Mantua Urban Renewal Area, designated as Parcel No. 285 and also sometimes identified by house number and street address as 515 North Fortieth street; and authorizing the Redevelopment Authority to execute the redevelopment contract with ABA Real Estate I, LP 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 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 disposition supplement providing, inter alia, for development controls and regulations imposed upon the redeveloper; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Mantua, designated as Parcel No. 285 and also sometimes identified by house number and street address as 515 North Fortieth street (the "Property"). The area of the said Property is bounded as follows:
Parcel No. 285 (515 North Fortieth street).
ALL THAT CERTAIN lot or piece of ground situate in the Twenty-fourth Ward of the City of Philadelphia beginning on the east side of Fortieth street (sixty feet wide) at the distance of twenty eight feet three and five-eighths inches north from the north side of Warren street (fifty feet wide); Thence extending north along the said side of Fortieth street thirteen feet ten and three-quarters inches to a point; Thence extending east on a line at right angles to the said Fortieth street seventy three feet one-quarter inches;...
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