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File #: 180144    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 2/22/2018 In control: CITY COUNCIL
On agenda: Final action: 3/1/2018
Title: Approving a first amendment to the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Mantua Urban Renewal Area, identified by house numbers and street addresses as 3300-08, 3310, 3312, 3314, 3316 Mantua avenue, 701, 703, 705, 707, 709-711 North Thirty-fourth street; and authorizing the Redevelopment Authority to execute the first amendment with Westview Development Partners, LLC and to take such action as may be necessary to effectuate the first amendment.
Sponsors: Councilmember Blackwell
Indexes: MANTUA URBAN RENEWAL AREA, REDEVELOPMENT AUTHORITY
Attachments: 1. Resolution No. 18014400.pdf, 2. Signature18014400.pdf
Title
Approving a first amendment to the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Mantua Urban Renewal Area, identified by house numbers and street addresses as 3300-08, 3310, 3312, 3314, 3316 Mantua avenue, 701, 703, 705, 707, 709-711 North Thirty-fourth street; and authorizing the Redevelopment Authority to execute the first amendment with Westview Development Partners, LLC and to take such action as may be necessary to effectuate the first amendment.

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 Mantua Urban Renewal Area (hereinafter "Mantua"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and

WHEREAS, The Redevelopment Authority prepared a redevelopment contract (hereinafter "Redevelopment Contract") between the Redevelopment Authority and Westview Development Partners, LLC (hereinafter "Redeveloper") for a portion of Mantua, identified by house numbers and street addresses as 3300-08, 3310, 3312, 3314, 3316 Mantua avenue, 701, 703, 705, 707, 709-711 North Thirty-fourth street (the "Property"). The Redevelopment Contract was approved by Resolution of the Council as Resolution No. 160899, which was adopted on October 20, 2016; and

WHEREAS, Subsequently, Redeveloper requested the Redevelopment Authority to approve a new limited partner of Redeveloper and a revised ownership structure of Redeveloper that resulted in a transfer greater than ten percent in the legal or equitable interest in the Redeveloper or the stock of the Redeveloper (the "Transfer"); and

WHEREAS, The Redevelopment Authority prepared a first amendment to the Redevelopment Contract that permits the Transfer; and

WHEREAS, Council Ordinance No. 170714, adopted on November 27, 2017...

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