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File #: 220146    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 2/17/2022 In control: CITY COUNCIL
On agenda: Final action: 2/24/2022
Title: Authorizing the conveyance of an interest in and the assignment of the redevelopment agreement for 3252 Germantown Avenue located in the Fifth Councilmanic District in accordance with the terms of Chapter 16-600 of The Philadelphia Code as it pertains to dispositions of surplus property under Chapter 16-400 and 16-700 of The Philadelphia Code.
Sponsors: Council President Clarke, Councilmember Parker
Attachments: 1. Resolution No. 22014600, 2. Signature22014600
Title
Authorizing the conveyance of an interest in and the assignment of the redevelopment agreement for 3252 Germantown Avenue located in the Fifth Councilmanic District in accordance with the terms of Chapter 16-600 of The Philadelphia Code as it pertains to dispositions of surplus property under Chapter 16-400 and 16-700 of The Philadelphia Code.

Body
WHEREAS, Section 16-706 of the Philadelphia Code authorizes the Philadelphia Land Bank ("Land Bank") to convey, exchange, sell, transfer, lease, grant or mortgage interests in real property of the Land Bank in accordance with the requirements of Chapter 16-400 of The Philadelphia Code; and

WHEREAS, Section 16-404(3)(f) of The Philadelphia Code requires compliance with Section 16-601(1) of The Philadelphia Code; and

WHEREAS, Section 16-601(1)(d) of The Philadelphia Code provides that, prior to issuance of a Certificate of Completion by the Land Bank, an ownership interest in the redeveloper may not be transferred without Council's prior approval by resolution; and

WHEREAS, Section 16-601(1)(a) of The Philadelphia Code provides that a redevelopment contract may not be assigned to a new redeveloper without Council's prior approval by resolution; and

WHEREAS, The disposition of 3252 Germantown Avenue (the "Premises") to Germantown Liberty Acquisitions LLC ("Developer") for inclusion in a mixed-use commercial space and affordable rental housing development (the "Development"), which will consist of forty-one (41) affordable housing rental units and commercial space, was approved by Land Bank Board Resolution 2021-32, adopted on June 8, 2021, and by Council Resolution 210595, adopted on June 24, 2021; and

WHEREAS, Developer, following acquisition of the Premises from the Land Bank, intends to consolidate the Premises with other parcels in the Development and to file a condominium declaration (the "Declaration") against the consolidated parcel, creating two condominium units: a commercial unit consisting of the c...

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