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Back to search resultsBill 060858

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 four adjacent parcels, situate 1015-21 Mount Vernon Street in the City of Philadelphia, with the buildings and improvements thereon, for further conveyance at fair market value.

AI summary

The enacted bill authorizes the City’s Commissioner of Public Property to transfer four adjacent parcels and their buildings at 1015-21 Mount Vernon Street to the Philadelphia Authority for Industrial Development for a nominal amount. The Authority may then convey the property at fair market value, with the net sale proceeds deposited in the City’s General Fund.

File details

Status
ENACTED
Introduced
November 16, 2006
Sponsors
Darrell L. Clarke
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Commissioner of Public Property, on behalf of the City of Philadelphia, is hereby authorized to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to the four adjacent parcels described in Exhibit "A" for further conveyance at fair market value.

SECTION 2. The City Solicitor is hereby authorized to review and approve all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interest of the City.

SECTION 3. Net proceeds from the sale of this property shall be deposited in the City's General Fund.

End

File history

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

    Signed

  2. Council actionCITY COUNCIL

    Read

  3. Council actionCITY COUNCIL

    Ordered placed on next week`s second reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

    Pass
    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

  4. Council actionCommittee on Public Property and Public Works

    Reported favorably, rule suspension requested

    Council actionCommittee on Public Property and Public Works

    Amended

    Council actionCommittee on Public Property and Public Works

    Hearing held

    Council actionCommittee on Public Property and Public Works

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred