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File #: 110632    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/22/2011 In control: Committee on Public Property and Public Works
On agenda: Final action: 11/3/2011
Title: Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain tract of land with the improvements thereon situate at 9470 Ashton Road, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation, all under certain terms and conditions.
Sponsors: Councilmember Krajewski
Indexes: PAID
Attachments: 1. CertifiedCopy11063200.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
11/14/20110 MAYOR SIGNED   Action details Not available
11/3/20110 CITY COUNCIL READ AND PASSEDPass16:0 Action details Not available
10/27/20110 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
10/27/20110 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
10/27/20110 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Not available
10/26/20110 Committee on Public Property and Public Works HEARING NOTICES SENT   Action details Not available
10/26/20110 Committee on Public Property and Public Works HEARING HELD   Action details Not available
10/26/20110 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
9/22/20110 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Authorizing the Philadelphia Authority for Industrial Development (“PAID”) to purchase a certain tract of land with the improvements thereon situate at 9470 Ashton Road, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation, all under certain terms and conditions.
 
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
SECTION 1.  The Philadelphia Authority for Industrial Development (“PAID”), is hereby authorized to purchase for consideration not to exceed Two Hundred and Fifty Thousand Dollars ($250,000.00), not including settlement and other incidental costs, and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation, entered into by the City pursuant to Bill No. 1048 (approved April 25, 1974), as amended by Bill No. 040034 (approved March 11, 2004), an approximately two acre property at 9470 Ashton Road.
 
SECTION 2.  The City Solicitor is hereby authorized to review and to approve, prior to execution, all agreements and documents necessary to effectuate the transaction authorized by this Ordinance, and to impose such terms and conditions on them as the City Solicitor may deem necessary and proper to protect the interests of the City of Philadelphia and to effectuate the purposes of the Philadelphia Industrial and Commercial Development Agreement and this Ordinance.
 
SECTION 3.  The Industrial and Commercial Development Revolving Fund shall be charged for the purchase price of the property and incidental expenses, including settlement costs.
 
End
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