Title
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 2426 Frankford avenue; and authorizing the Redevelopment Authority to execute the redevelopment contract with Franklin Wealth, 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 2426 Frankford avenue (the "Property"). The area of the Property is bounded as follows:
2426 Frankford avenue.
ALL THAT CERTAIN lot or piece of ground with the buildings and appurtenances thereto, if any, situate in the Thirty-first Ward of the City of Philadelphia beginning at a point on the northwesterly side of Frankford avenue (sixty feet wide) at the distance of two hundred twenty-nine feet eight and one-quarter inches northeasterly from the northeasterly side of York street (fifty feet wide); Thence extending northwestwardly on a line at right angles to said Frankford avenue seventy-one feet eight and three-quarters inches to a point; Thence extending northwestwardly on a line at right angles to Amber street twenty-one feet and seven-eighths of an inch to a point; Thence extending northeastwardly on a line parallel with Amber street sixteen feet eight inches to a point; Thence extending southeastwardly on a line at right angles to Amber stree...
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