Title
Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the New Kensington-Fishtown Urban Renewal Area, identified by house number and street address as 2103 East Hagert street; and authorizing the Redevelopment Authority to execute the redevelopment contract with BMK Properties, LLC 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 New Kensington-Fishtown Urban Renewal Area (hereinafter "New Kensington-Fishtown"), which said plan and proposal were approved by Ordinance of the Council on June 13, 1997, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of New Kensington-Fishtown, identified by house number and street address as 2103 East Hagert street (the "Property"). The area of the Property is bounded as follows:
2103 East Hagert street. All that certain lot or piece of ground situated in the Thirty-first Ward of the City of Philadelphia beginning at a point on the northeasterly side of East Hagert street (fifty feet wide) at the distance of sixteen feet from the southeasterly side of Amber street (fifty feet wide); Thence extending northeastward on a line at right angles to the said Hagert street fifty-one feet to a point; Thence extending northwestward on a line at right angles to said Amber street sixteen feet to a point on the southeasterly side of said Amber street; Thence extending northeastward along the southeast side of said Amber street three feet to a point; Thence extending southeastward on a line at right angles to said Amber street twenty-eight feet to a point; Thence extending southwestward on a line at right angles to said Hagert street fifty-four feet to a point...
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