Title
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 numbers and street addresses as 125 South Forty-sixth street, 127-129 South Forty-sixth street and 133-135 South Forty-sixth street; authorizing the Redevelopment Authority to execute the redevelopment contract with 125-135 S. 46th Street Associates, 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 numbers and street addresses as 125 South Forty-sixth street, 127-129 South Forty-sixth street and 133-135 South Forty-sixth street (Collectively, the "Properties"). The area of the Properties is bounded as follows:
125 South Forty-sixth street.
ALL THAT CERTAIN lot or piece of ground situated in the Sixtieth Ward of the City of Philadelphia situate at the corner formed by the intersection of the southeast side of Forty-sixth street (eighty feet wide) and the south side of Sansom street (seventy feet wide); Containing in front or breadth of the said Forty-sixth street sixteen feet and extending of that width or depth between parallel lines at right angles to said Forty-sixth street the distance of one hundred feet.
127-129 South Forty-sixth street.
ALL THAT CERTAIN lot or piece of ground situated in the Sixtieth Ward of the City of Philadelphia beginning at a point on the easterly side of South Forty-sixth stree...
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