Official:Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to accept title to certain real property owned by the School District of Philadelphia and to convey the same to the Philadelphia Authority for Industrial Development, for further conveyance, under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: May 22, 2014
Signed: June 12, 2014
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to buy some properties from the School District and then sell them to PAID (Philadelphia Authority for Industrial Development) with certain conditions. The City will get $35 million from the sale of these properties.
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