Official:Authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to all or part of certain parcels of land with the buildings and improvements thereon located in the general vicinity of the intersection of Penrose Ferry Road and Fort Mifflin Road for further conveyance at fair market value, all under certain terms and conditions.
Sponsor: Council President Verna
Introduced: May 24, 2007
Signed: June 14, 2007
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to transfer ownership of certain parcels of land, including buildings and improvements, to the Philadelphia Authority for Industrial Development (PAID) in exchange for nominal consideration.
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