Official:Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to a certain tract of City-owned land situate in an area generally located on the east side of University Avenue between Guardian Drive and Curie Boulevard, with the buildings and improvements thereon, for further conveyance at fair market value.
Sponsor: Councilmember Blackwell
Introduced: May 19, 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 transfer ownership of a tract of city-owned land on University Avenue to the Philadelphia Authority for Industrial Development for a nominal fee. The land includes buildings and improvements. The goal is to allow further development or sale at fair market value, with proceeds going back to the General Fund.
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