Official:Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to convey to the Philadelphia Authority for Industrial Development (PAID) properties located at 4910 Botanic Avenue, 5014 Grays Avenue, 5027 Grays Avenue, and 2639 South 58th Street, and further authorizing PAID to reconvey a portion of the property at 4910 Botanic Avenue to the City of Philadelphia, all under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC).
Sponsor: Councilmember Blackwell
Introduced: May 23, 2019
Signed: June 13, 2019
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to transfer ownership of four properties to PAID (Philadelphia Authority for Industrial Development) under an existing agreement. PAID may also return a portion of one property to the city.
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