Title
Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the American Street Industrial Corridor Urban Renewal Area, identified by house number and street address as 1300 Cadwallader street; authorizing the Redevelopment Authority to execute the redevelopment contract with American Studios Phila, LLC and to take such action as may be necessary to effectuate the redevelopment contract.
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WHEREAS, The Philadelphia Redevelopment Authority (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the American Street Industrial Corridor Urban Renewal Area (hereinafter "American Street"), which said plan and proposal were approved by Ordinance of the Council on June 13, 2002, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of American Street, identified by house number and street address as 1300 Cadwallader street (hereinafter "Property"). The area of the Property is bounded as follows:
1300 Cadwallader street.
ALL THAT CERTAIN lot or piece of ground situate in the Seventeenth Ward of the City of Philadelphia beginning at the point of intersection of the westerly side of Cadwallader street (forty feet wide) and the northerly side of Thompson street (fifty feet wide); Thence extending westwardly along the said Thompson street fifty feet eight inches to a point; Thence extending northwardly on a line at right angles to the said Thompson street, fifteen feet to a point; Thence extending north eighty degrees nine minutes east, the distance of twenty feet eight and one-eighth inches to a point; Thence extending eastwardly on a line at right angles to the said Cadwallader street, the distance of thirty feet to a point on the westerly side of the said Cadwallader street; Thence extending southwardly along the said Cadwallader stre...
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