Locallow impact · 3/10substantive050455

PAID Purchases Five Properties Across Philly for 2 Point 5 Million Dollar Land Deal

Official:Authorizing the Philadelphia Authority for Industrial Development to purchase properties located at 1627-33 South Forty-ninth Street, 1700 South Forty-ninth Street, 2751 South Fifty-eighth Street, 5736 Eastwick Avenue, and 1601-03 South Forty-ninth Street in the Twenty-seventh, Fifty-first, and Fortieth Wards of the City of Philadelphia, under certain terms and conditions.

Sponsor: Council President Verna

Introduced: May 19, 2005

: Committee on Public Property and Public Works

economic development government housing

No one voted on this bill

This bill was introduced in the 2004–2007 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill allows the Philadelphia Authority for Industrial Development to purchase five properties in the Twenty-seventh, Fifty-first, and Fortieth Wards of the City of Philadelphia for $250,000.

What This Bill Does

AI-written. Every figure is checked against the bill text.

Authorizes the Philadelphia Authority for Industrial Development (PAID) to purchase five properties in the Twenty-seventh, Fifty-first, and Fortieth Wards of the City of Philadelphia.
Sets a maximum purchase price of $250,000 (not including settlement and other incidental costs) for the properties.
Requires the City Solicitor to review and approve all instruments and documents necessary to effectuate the purchase, which must contain terms and conditions necessary to protect the City's interests.
Gives effect to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC).