Official:Amending an Ordinance approved November 13, 1997 (Ordinance No. 970270) which authorized the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, without consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon erected, situate on the northeast corner of Seventh street and Pattison avenue in the Thirty-ninth Ward of the City of Philadelphia, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Authority for Industrial Development, and the Philadelphia Industrial Development Corporation ("the Agreement"), by authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Agreement, to convey the property for a nominal consideration.
Sponsor: Council President Verna
Introduced: March 30, 2000
Signed: June 22, 2000
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill amends an existing ordinance that allowed the Philadelphia Authority for Industrial Development (PAID) to receive a city-owned property without consideration. The amendment now allows PAID to convey this property for a nominal consideration.
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