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 1355-1359 Germantown avenue; and authorizing the Redevelopment Authority to execute the redevelopment contract with North Liberty Realty, 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 1355-1359 Germantown avenue (the "Property"). The area of the Property is bounded as follows:
1355-1359 Germantown avenue.
ALL THAT CERTAIN lot or piece of ground with the buildings and appurtenances thereto, if any, situate in the Eighteenth Ward of the City of Philadelphia beginning at the distance of forty-five feet southward from the south side of Master street (fifty feet wide) on the northeasterly side of Germantown avenue (sixty feet wide); Thence extending southeastward along the northeasterly side of the said Germantown avenue, forty-five feet, to a point; Thence extending northeastward forming a right angle with the said Germantown avenue, eighty-one feet ten and one-quarter inches, to a point; Thence extending northwestward at right angles with the said Master street, thirty feet, to a point; Thence extending southwestward at right angles with the said Germantown avenue, twenty-one feet ten and one-quarter inches...
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