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 1113-1125 North 3rd Street, with the improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember DiCicco
Introduced: May 5, 2005
Signed: June 16, 2005
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
The City Council authorized the Commissioner of Public Property to give some city-owned land on North 3rd Street to the Philadelphia Authority for Industrial Development (PAID) for a nominal fee. PAID will then sell this land at fair market value and return the proceeds to the General Fund.
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