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Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the 45th & Sansom Urban Renewal Area, identified by house number and street address as 46 South Forty-fourth street; authorizing the Redevelopment Authority to execute the redevelopment contract with 4644 South, 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 45th & Sansom Urban Renewal Area (hereinafter "45th & Sansom"), which said plan and proposal were approved by Ordinance of the Council on December 19, 2002 as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of 45th & Sansom, identified by house number and street address as 46 South Forty-fourth street (the "Property"). The area of the Property is bounded as follows:
46 South Forty-fourth street.
ALL THAT CERTAIN lot or piece of ground; situate in the Twenty-seventh Ward of the City of Philadelphia beginning at a point on the west side of South Forty-fourth street (sixty feet wide) at the distance of eighty feet six inches northward from the north side of Chestnut street (eighty feet wide); Containing in front or breadth on the said Forty-fourth street fourteen feet six inches and extending of that width in length or depth westward between parallel lines at right angles to said Forty-fourth street seventy-one feet to the east side of a certain two feet four inches wide alley extending northward into Ludlow street (forty feet wide) and southward communicating with a certain two feet six inches wide alley extending eastward into said Forty-fourth street.
The said redevelopment contract is in substantial conformity with the amended urban renewal plan a...
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