Transmitting a bill authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed conveying, for nominal consideration, fee simple title to certain tracts of City-owned land located at 1113-1125 North 3rd Street, with the improvements thereon, for further conveyance at fair market value.

AI summary

This communication transmitted a proposed bill concerning City-owned land and buildings at 1113-1125 North 3rd Street. The proposal would authorize the Commissioner of Public Property to transfer the property to the Philadelphia Authority for Industrial Development for a nominal amount, so it could later be conveyed at fair market value. The item was placed on file and does not describe a completed transfer.