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Back to search resultsCOMMUNICATION 051245

Transmitting a bill authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Industrial Development Corporation (PIDC), and the PAID, to convey fee simple title to a certain property containing approximately twenty-two acres located between Fiftieth and Fifty-second Streets south of Parkside Avenue, for a consideration of Four Hundred Thousand Dollars ($400,000), to the West Philadelphia Financial Services Institution, under certain terms and conditions, accompanied by an explanatory letter from the Director of Commerce.

AI summary

This communication transmitted a proposed bill that would allow the Philadelphia Authority for Industrial Development to convey ownership of approximately 22 acres between Fiftieth and Fifty-second Streets south of Parkside Avenue to the West Philadelphia Financial Services Institution for $400,000. The proposal would apply despite certain requirements in an agreement involving the City, PIDC, and PAID, and was placed on file.

File details

Status
PLACED ON FILE
Introduced
December 22, 2005
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Full text

Title

Transmitting a bill authorizing the Philadelphia Authority for Industrial Development (PAID), notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, the Philadelphia Industrial Development Corporation (PIDC), and the PAID, to convey fee simple title to a certain property containing approximately twenty-two acres located between Fiftieth and Fifty-second Streets south of Parkside Avenue, for a consideration of Four Hundred Thousand Dollars ($400,000), to the West Philadelphia Financial Services Institution, under certain terms and conditions, accompanied by an explanatory letter from the Director of Commerce.

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File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

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