Title
Approving the ratification and first amendment to the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Brewerytown Urban Renewal Area, identified by house numbers and street addresses as 1408-1424 North Thirty-first street, 1415-1437 North Thirty-first street, and 1421-1427 North Thirty-second street (including 3129-3145 West Master street); and authorizing the Redevelopment Authority to execute the ratification and first amendment to the redevelopment contract with Westrum BT2, L.P. 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 Brewerytown Urban Renewal Area (hereinafter "Brewerytown"), which said plan and proposal were approved by Ordinance of the Council on January 14, 2003, as amended; and
WHEREAS, The Redevelopment Authority executed a redevelopment contract and disposition supplement with Westrum BT2, L.P. for a portion of Brewerytown, identified by house numbers and street addresses as 1408-1424 North Thirty-first street, 1415-1437 North Thirty-first street, and 1421-1427 North Thirty-second street (including 3129-3145 West Master street) and 1238-1242 North Thirty-first street, which said redevelopment contract and disposition supplement were approved by Resolution No. 040484 adopted by the Council of the City of Philadelphia on May 6, 2004; and
WHEREAS, The Redevelopment Authority has prepared a ratification and first amendment to the redevelopment contract ("First Amendment") for 1408-1424 North Thirty-first street, 1415-1437 North Thirty-first street, and 1421-1427 North Thirty-second street (including 3129-3145 West Master street) (collectively, the "Properties") to permit the Redeveloper to redevelop the Properties in ...
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