Official:Authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Industrial Development Corporation (PIDC), and the PAID, to convey fee simple title to a certain property located in the vicinity of Fifty-second street and Jefferson street, to the West Philadelphia Financial Services Institution, or its nominee, for nominal consideration, under certain terms and conditions.
Sponsor: Councilmember Nutter
Introduced: May 30, 2002
Signed: September 26, 2002
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
The City Council bill allows the Philadelphia Authority for Industrial Development (PAID) to sell a specific property near 52nd Street and Jefferson Street to the West Philadelphia Financial Services Institution for almost free.
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