Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Grays Ferry Urban Renewal Area designated as Parcel No. 150 also sometimes identified by respective house number and street address as 2731 Sears street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Philadelphia Housing Development Corporation and to take such action as may be necessary to effectuate the redevelopment contract.

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Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Grays Ferry Urban Renewal Area designated as Parcel No. 150 also sometimes identified by respective house number and street address as 2731 Sears street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Philadelphia Housing Development Corporation and to take such action as may be necessary to effectuate the redevelopment contract.

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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Grays Ferry Urban Renewal Area, which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and

WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Grays Ferry Urban Renewal Area, designated as Parcel No. 150 also sometimes identified by house number and street address as 2731 Sears street (hereinafter "Property"). The area of said Property is bounded as follows:

Parcel No. 150 (2731 Sears street).

ALL THAT CERTAIN lot or piece of ground located in the Thirty-sixth Ward of the City of Philadelphia with the buildings and improvements thereon erected being bounded situated at a point on the northerly side of Sears street (thirty feet wide) at the distance of two hundred twelve feet westward from the westerly side of South Twenty-seventh street (fifty feet wide); Containing in front or breadth on Sears street fourteen feet and extending of that width in length or depth northward between parallel lines at right angles to Sears street fifty four feet to the southerly side of a four feet wide alley.

The said redevelopment contract is in substantial conformity with the urban renewal plan and the redevelopment proposal approved by the Council; and

WHEREAS, Philadelphia Housing Development Corporation desire to enter into the said redevelopment contract for the Property.

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the redevelopment contract submitted by the Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") for the redevelopment of the Property, as hereinabove particularly described, is hereby approved. City Council authorizes the Redevelopment Authority to proceed with minor changes in substantial conformity with the hereby approved redevelopment contract. The Redevelopment Authority is authorized to execute the hereby approved redevelopment contract with Philadelphia Housing Development Corporation (hereinafter "Redeveloper"). The Redevelopment Authority and the Redeveloper are authorized to take such action in substantial conformity to the redevelopment contract as may be necessary to carry it out.

RESOLVED, The Redevelopment Authority and the Redeveloper are authorized to prepare or cause to be prepared for introduction into the Council such ordinances or resolutions as may be necessary for changes in zoning, streets, alleys, public ways, street patterns, location and relocation of public utilities, and related items which are required in order to facilitate and effectuate the redevelopment contract and disposition supplement hereby approved. Accordingly, the Council hereby declares that it will cooperate in helping to carry out the redevelopment contract and request the various officials, departments, boards and agencies of the City having administrative responsibilities in the premises and likewise to cooperate to such end and to exercise their respective functions and powers in a manner consistent with the redevelopment contract.

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