To waive certain conditions, covenants and restrictions affecting the use and development of a certain area of land situate in the 58th Ward consisting of twenty (20.0) acres on Red Lion Road and known and assessed as 300 Red Lion Road (Tax Parcel No. 88-2-1744-00).

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The conditions, covenants and restrictions contained in paragraph 1 of the deed to the Budd Company dated 7/15/70 as set forth in Deed Book PLMcs 33, pages 170-171 (attached hereto as Appendix “A”) imposed on the area of land situate in the 58th

Ward consisting of twenty (20.0) acres located on Red Lion Road and known and assessed as 300 Red Lion Road (Tax Parcel No. 88-2-1744-00) (herein the “Property”) are hereby WAIVED; provided, however, that any development and/or use of the Property shall be subject to and in accordance with the “R-1” Residential District requirements and restrictions of The Philadelphia Code.

SECTION 2. This Ordinance shall take effect immediately.

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