Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Sarah Allen Urban Renewal Area, identified by house number and street address as 4111-4113 Ogden street, authorizing the Redevelopment Authority to execute the redevelopment contract with Belmont Affordable Housing VI, LP and to take such action as may be necessary to effectuate the redevelopment contract.

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 Sarah Allen Urban Renewal Area, which said plan and proposal were approved by Ordinance of the Council on June 23, 1998; and

WHEREAS,

The Redevelopment Authority has prepared a redevelopment contract for a portion of the Sarah Allen Urban Renewal Area identified by house number and street address as 4111-4113 Ogden street (hereinafter “Properties”). The areas of the said Properties are bounded as follows:

4111-4113 Ogden street.

All that certain lot or piece of ground situated in the Sixth Ward of the City of Philadelphia with the buildings and improvements thereon erected situated on the northerly side of Ogden street (fifty feet wide) at the distance of twenty seven feet six inches eastward from the easterly side of Holly street (fifty feet wide); Containing in front or breadth on Ogden street fifty five feet and extending of that width in length or depth northward between parallel lines at right angles to Ogden street a distance of eighty feet.

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

WHEREAS,

Belmont Affordable Housing VI, LP desires to enter into said redevelopment contract for the Properties.

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 that portion of the Sarah Allen Urban Renewal Area, as hereinabove more 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 Belmont Affordable Housing VI, LP, (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 hereby approved. Accordingly, the Council hereby declares that it will cooperate in helping to carry out the redevelopment contract and requests the various officials, departments, boards and agencies of the City having administrative responsibilities in the premises likewise to cooperate to such end and to exercise their respective functions and powers in a manner consistent with the redevelopment contract.

End

-