Title
Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Model Cities Urban Renewal Area, identified by house numbers and street addresses as 1716-1726 Folsom street, 1730-1750 Folsom street and 703-705 North Eighteenth street; authorizing the Redevelopment Authority to execute the redevelopment contract with Equinox Property Group II, LP 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 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, identified by house numbers and street addresses as 1716-1726 Folsom street, 1730-1750 Folsom street and 703-705 North Eighteenth street (the "Properties"). The areas of the said Properties are bounded as follows:
1716-1726 Folsom street and 1730-1750 Folsom street.
ALL THAT CERTAIN lot or piece of ground situated in the Fifteenth Ward of the City of Philadelphia beginning at the point of intersection of the southerly side of Folsom street (forty feet wide) and the easterly side of Eighteenth street (fifty feet wide); Thence extending eastward along the said southerly side of Folsom street the distance of one hundred sixty-four feet five inches to a point; Thence extending southwardly on a line at right angles to the said Folsom street the distance of fifty-one feet to a point; Thence extending eastward on a line parallel with said Folsom street the distance of fifteen feet to a point; Thence extending northward on a line at right angles to the said Folsom street t...
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