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 a certain parking lot approximately 130 feet in depth along the southern side of West Westmoreland Street between Mascher Street and Howard Street, with the improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember Mariano
Introduced: April 28, 2005
Signed: June 16, 2005
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill authorizes the City of Philadelphia to transfer ownership of a parking lot on West Westmoreland Street to the Philadelphia Authority for Industrial Development (PAID) at a nominal cost. The PAID will then sell the property at fair market value and return any net proceeds to the City's General Fund.
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