Official:Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed conveying, for nominal consideration, fee simple title to certain tracts of City-owned land located at 1002-1010 Lemon Street, with the buildings and improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember Clarke
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 three city-owned parcels of land at 1002-1010 Lemon Street to the Philadelphia Authority for Industrial Development (PIDA) in exchange for fair market value, with any proceeds going back into the city's General Fund.
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