Official:Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed for nominal consideration conveying fee simple title to certain tracts of City-owned land located at 837-839 Montrose Street, with the buildings and improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember DiCicco
Introduced: December 16, 2004
Signed: April 14, 2005
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to transfer ownership of two city-owned buildings at 837-839 Montrose Street to the Philadelphia Authority for Industrial Development (PAID) for a nominal fee, with the proceeds going back to the General Fund.
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