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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the New Kensington-Fishtown Urban Renewal Area, identified by house number and street address as 2235 Coral street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Luval Inc. 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 New Kensington-Fishtown Urban Renewal Area (hereinafter "New Kensington-Fishtown"), which said plan and proposal were approved by Ordinance of the Council on June 13, 1997, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of New Kensington-Fishtown, identified by house number and street address as 2235 Coral street (the "Property"). The area of the Property is bounded as follows:
2235 Coral street.
ALL THAT CERTAIN lot or piece of ground with the buildings and appurtenances thereto, if any, located in the Thirty-first Ward of the City of Philadelphia and described as follows: Situated on the easterly side of Coral street (fifty feet wide) at the distance of seventy-two feet northward from the northerly side of East Fletcher street (forty feet wide); Containing in front or breadth on Coral street twelve feet and extending of that width in length or depth eastward between parallel lines at right angles to said Coral street a distance of sixty-four feet.
The said redevelopment contract is in substantial conformity with the amended urban renewal plan and the amended redevelopment proposal approved by Council; and
WHEREAS, Luval Inc. desires to enter into the said redevelopment contract for the Property.
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADEL...
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