THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
Section 1.
Section 2 of Bill No. 020480, entitled “An Ordinance authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development (“PAID”), without consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon situated at the northwest corner of Fifth and Huntingdon streets, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation; and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all under certain terms and conditions,” approved December 3, 2002, is amended as follows:
Section 2. The authorization set forth in Section 1 is conditioned upon the Associacion de Musicos Latinos Americanos (“AMLA”) obtaining financing to develop, rehabilitate, and/or improve part or all of the property by [June 30, 2004]
June 30, 2006.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
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