City Unveils Plans to Transfer Properties Near 12th and Wharton Streets, Leases City-Owned Building to PAID

Official:Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to convey to the Philadelphia Authority for Industrial Development, all or a portion of certain parcels of land in and about the area bounded by Wharton, 12th, Reed, and 11th Streets for further conveyance; to enter into a sublease agreement with the Philadelphia Authority for Industrial Development for use by the City of Philadelphia of a premises located at 1357 S. 12th Street, Philadelphia, Pennsylvania; and to acquire fee simple title or a lesser real estate interest by purchase, condemnation, or otherwise, in a portion of certain parcels of land in and about the area bounded by Wharton, 12th, Reed, and 11th Streets; all under certain terms and conditions.