Transmitting a bill authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed for nominal consideration conveying fee simple title to three adjacent parcels, situate 105-09 Reed Street in the City of Philadelphia, with the buildings and improvements thereon, for further conveyance at fair market value.

AI summary

This communication concerns a proposed bill about three adjacent parcels at 105-09 Reed Street, including the buildings and other improvements. It would provide for the City’s Commissioner of Public Property to convey the parcels to the Philadelphia Authority for Industrial Development for a nominal amount, so they could later be conveyed at fair market value; the item was placed on file.