Title
Authorizing the Philadelphia City Planning Commission to take such action as may be necessary to effectuate the removal of deed restrictions with regard to the property located at 1001-1029 South Broad Street, 1223-1245 Washington Avenue, 1301-1333 Washington Avenue and 1300-1342 Carpenter Street, aka, Broad Street and Washington Avenue, Philadelphia, PA.
Body
WHEREAS, The City of Philadelphia by and through its City Planning Commission entered into an agreement with Rimas Properties BW, LP. ("Owners"), then Owners of the property located at 1001-1029 South Broad Street, 1223-1245 Washington Avenue, 1301-1333 Washington Avenue and 1300-1342 Carpenter Street (the "Property") on October 16, 2007; and
WHEREAS, Said agreement was incorporated into a Declaration of Deed Restriction with regard to the Property located at 1001-1029 South Broad Street, 1223-1245 Washington Avenue, 1301-1333 Washington Avenue and 1300-1342 Carpenter Street; and
WHEREAS, Such Declaration of Deed Restriction was recorded among the land records for the City and County of Philadelphia as instrument 51889027 (the "Declaration of Deed Restriction"); and
WHEREAS, The parties entered into said agreement in conjunction with a request by the Owners of the Property to change the zoning designation of the Property from "G-2" General Industrial to "C-5" Commercial; and
WHEREAS, The Owners of the Property desired to secure the support of the City Planning Commission for the change in zoning designation of the Property; and
WHEREAS, The City Planning Commission desired to secure proof that the Property would be improved in accordance with plans submitted to the City Planning Commission by the Owners of the Property; and
WHEREAS, The parties agreed to enter into the Declaration of Deed Restriction which memorialized the agreement of the parties; and
WHEREAS, The Owners of the Property were not able to improve the Property in...
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