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 3300-22 North Front Street, with the buildings and improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember Mariano
Introduced: February 3, 2005
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 sell a tract of land at North Front Street to the Philadelphia Authority for Industrial Development (PAID) for 'nominal consideration', with the goal of having PAID resell it at fair market value.
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