Official:Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon, situate in a rectangular area generally bounded by Ruth Street on the northwest, Clearfield Street on the northeast, Emerald Street on the southeast, and Orleans Street on the southwest, generally under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between The City of Philadelphia, the Philadelphia Authority for Industrial Development, and the Philadelphia Industrial Development Corporation.
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 to transfer ownership of a 4.96 acre plot of land to the Philadelphia Authority for Industrial Development for 'nominal consideration'. The property is bounded by Ruth Street, Clearfield Street, Emerald Street, and Orleans Street.
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