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 2451-2453 Frankford avenue; 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 2451-2453 Frankford avenue (the "Property"). The area of the Property is bounded as follows:
2451-2453 Frankford avenue. All that certain lot or piece of ground situated in the Thirty-first Ward of the City of Philadelphia situate at the intersection formed by southeasterly side of Frankford avenue (sixty feet wide) and the northeasterly side of Letterly street (fifty feet wide); Thence extending southeastward along the said Letterly street sixty-two feet two inches to a point; Thence extending northeastward on a line at right angles to said Letterly street sixteen feet three inches to a point; Thence extending further eastward nine feet six and three-sixteenths inches to a point; Thence extending northeastward on a line at right angles to said Letterly street sixteen feet ten and one-half inches to a point; Thence extending eastward on a line at right angles to the said Frankford avenue seventeen feet one and three-eighths inches to a point; Thence exte...
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