WHEREAS, The Council of the City of Philadelphia, by Bill Number 916, approved November 20, 1973, has authorized and approved the execution of a Redevelopment Agreement between the Redevelopment Authority of the City of Philadelphia and the Philadelphia Industrial Development Corporation, PIDC-Financing Corporation, and the Philadelphia Authority for Industrial Development, for the redevelopment and urban renewal of the Eastwick Urban Renewal Area - Stage "A" Industrial; and
WHEREAS, The Philadelphia Authority for Industrial Development has purchased from the Redevelopment Authority of the City of Philadelphia the required land under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, City Council did reserve unto itself the Right of Approval, by Resolution, for each transaction completed by PAID under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, Sterling Collision Centers, Inc., currently located in Natick, Massachusetts, proposes to purchase Parcel F-3 in the Eastwick Urban Renewal Area - Stage "A" Industrial, and construct a sixteen thousand four hundred eighty-six square foot building for use as an auto-body repair shop; and
WHEREAS, Sterling Collision Centers, Inc. proposes to create twenty-five new jobs; and
WHEREAS, PIDC and PAID, upon the unconditional approval of their Boards at their meetings of May 20, 2003, and upon review by the Redevelopment Authority of the City of Philadelphia, have agreed to sell to Sterling Collision Centers, Inc. Parcel F-3 in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately three acres, more fully described as follows:
ALL THAT CERTAIN lot or piece of ground with the buildings and improvements erected thereon, situate in the Fortieth Ward of the City of Philadelphia and described in accordance with a Plan of Property (2003/49SK/5661/CP#357 D3688) made May 16, 2003 for the Philadelphia Industrial Development Corporation by Frank J. Morelli, Surveyor and Regulator of the Seventh Survey District, as follows:
BEGINNING at the point of intersection of the northwesterly side of Essington avenue (one hundred eight feet wide, State Route #3019) and the northeasterly side of a sixty-five foot wide right-of-way for public utility purposes, said point being measured north thirty-six degrees forty minutes eighteen seconds east, along the said northwesterly side of Essington avenue and crossing the heads of a variable width Philadelphia Electric Company right-of-way and the said sixty-five foot wide right-of-way for public utility purposes, the distance of three hundred thirty-five and eight hundred forty-one one-thousandths feet from the point of tangency of a curve having a radius of one hundred feet and an arc length of one hundred thirty-six and one hundred thirty-six one-thousandths feet which connects the said northwesterly side of Essington avenue with the northeasterly side of Bartram avenue (variable width); thence extending north fifty-three degrees nineteen minutes forty-two seconds west, along the said northeasterly side of the aforementioned sixty-five foot wide right-of-way for public utility purposes and crossing a five foot wide easement for the Bell Telephone Company adjacent to the said northwesterly side of Essington avenue, the distance of three hundred sixty-four feet to a point; thence extending north thirty-six degrees forty minutes eighteen seconds east, the distance of three hundred fifty-nine and eleven one-thousandths feet to a point; thence extending south fifty-three degrees nineteen minutes forty-two seconds east, re-crossing the said five-foot wide easement, the distance of three hundred sixty-four feet to a point on the said northwesterly side of Essington avenue; thence extending south thirty-six degrees forty minutes eighteen seconds west, along the said northwesterly side of Essington avenue, the distance of three hundred fifty-nine and eleven one-thousandths feet to the first mentioned point and place of beginning.
CONTAINING in area one hundred thirty thousand six hundred eighty square feet or three acres.
NOW THEREFORE, RESOLVED BY THE COUNCIL OF THE CITY OF PHILADELPHIA
That the sale by the Philadelphia Authority for Industrial Development to Sterling Collision Centers, Inc. of Parcel F-3 in the Eastwick Urban Renewal Area - Stage "A" Industrial, as is more fully described above, is hereby approved so that the redevelopment and urban renewal of the Eastwick Urban Renewal Area may proceed in a manner most beneficial to the City of Philadelphia.
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