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 numbers and street addresses as 1361 Germantown avenue and 1363-1365 Germantown avenue; and authorizing the Redevelopment Authority to execute the redevelopment contract with 1365 Developers LLC and to take such action as may be necessary to effectuate the redevelopment contract.
Body
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 numbers and street addresses as 1361 Germantown avenue and 1363-1365 Germantown avenue (collectively, the "Properties"). The area of the Properties is bounded as follows:
1361 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 a point on the easterly side Germantown avenue (sixty-feet wide) measured south ten degrees, ten minutes, forty seconds east at a distance of thirty feet from the intersection of the easterly side of Germantown avenue, and the southerly side of Master street (fifty feet wide); Thence extending north seventy-nine degrees, forty-nine minutes, twenty seconds east, the distance of sixty feet to a point; Thence extending south ten degrees, ten minutes, forty seconds east, through a wall, the distance of fifteen feet to a point; Thence extending south seventy-nine degrees, forty-nine mi...
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