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File #: 150406    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 4/30/2015 In control: Committee on Public Property and Public Works
On agenda: Final action:
Title: Authorizing the Commissioner of Public Property, on behalf of the City, to purchase from 7777 Philadelphia PA Loan Associates, LLC, a certain tract of land together with the improvements thereon, commonly known as 7777-R State Road, under certain terms and conditions.
Sponsors: Councilmember Henon
Attachments: 1. 150406 Exhibit A, As Introduced.pdf, 2. Bill No. 15040600.pdf
Date Ver.Action ByActionResultAction DetailsVideo
6/18/20150 CITY COUNCIL RECOMMITTED  Action details Not available
5/14/20150 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass Action details Not available
5/14/20150 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR  Action details Not available
5/14/20150 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR  Action details Not available
5/11/20150 Committee on Public Property and Public Works HEARING NOTICES SENT  Action details Not available
5/11/20150 Committee on Public Property and Public Works HEARING HELD  Action details Not available
5/11/20150 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED  Action details Not available
4/30/20150 CITY COUNCIL Introduced and ReferredPass Action details Not available
Title
Authorizing the Commissioner of Public Property, on behalf of the City, to purchase from 7777 Philadelphia PA Loan Associates, LLC, a certain tract of land together with the improvements thereon, commonly known as 7777-R State Road, under certain terms and conditions.
 
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
      SECTION 1.      The Commissioner of Public Property is hereby authorized to purchase from 7777 Philadelphia Loan Associates, LLC, an approximately 58-acre tract of land together with the improvements thereon, commonly known as 7777-R State Road, and as more particularly described in Exhibit “A” hereto, for consideration not to exceed Seven Million Two Hundred Sixty Five Thousand Two Hundred Ninety-Nine Dollars ($7,265,299).
 
      SECTION 2.      The City Solicitor is hereby authorized to review and to approve, prior to execution, all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City.
 
End