Title
Authorizing the Philadelphia Land Bank to dispose of 3716-26 Brown Street; 770, 772-74 N. Dekalb Street; 777-85, 787 N. 38th Street located in the 3rd Councilmanic District in accordance with the terms of Chapter 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 16-400 of the Philadelphia Code;
WHEREAS, the Land Bank Board of Directors (the “Board”) has determined that it is in the best interest of the Land Bank to convey 3716-26 Brown Street; 770, 772-74 N. Dekalb Street; 777-85, 787 N. 38th Street (collectively, the “Property”) for the development of affordable rental housing; now, therefore, be it
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS:
SECTION 1. The Philadelphia Land Bank is hereby authorized to transfer title to 3716-26 Brown Street; 770, 772-74 N. Dekalb Street; 777-85, 787 N. 38th Street pursuant to Chapter 16-700 of The Philadelphia Code and Act 153 of 2012, 68 Pa. C.S.A. § 2101, et seq.
End