Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the 44th and Aspen Urban Renewal Area designated as Parcel No. 105 also sometimes identified by house number and street address as 626-630 North Forty-fourth street; authorizing the Redevelopment Authority to execute the redevelopment contract with Saint Ignatius Senior Housing 1 L.P. and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.

WHEREAS,

The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an amended urban renewal plan and an amended redevelopment proposal for the redevelopment of the 44th and Aspen Redevelopment Area, 44th & Aspen Urban Renewal Area (hereinafter "44th & Aspen "), which said plan and proposal were approved by Ordinance of the Council on July 7, 2003, as amended; and

WHEREAS

, The Redevelopment Authority has prepared a redevelopment contract which includes,

inter alia,

a portion of 44th & Aspen designated as Parcel No. 105 also sometimes identified by house number and street address as 626-630 North Forty-fourth street (the “Property”). The areas of the Property are bounded as follows:

Parcel No. 105 (626-630 North Forty-fourth street).

All that certain lot or piece of ground situated in the Forty-fourth Ward of the City of Philadelphia beginning on the northwest corner of the intersection at North Forty-fourth street (sixty feet wide) and Wallace street (fifty feet wide); Containing in front or breadth along the west side of the said Forty-fourth street; sixty feet, and extending that width in length or depth between parallel lines at right angles to the said Forty-fourth street and also along the north side of the said Wallace street; seventy four feet five inches.

The said redevelopment contract is in substantial conformity with the amended urban renewal plans and the amended redevelopment proposals approved by the Council; and

WHEREAS,

Saint Ignatius Senior Housing 1 L.P. (hereinafter “Redeveloper”) desires to enter into the said redevelopment contract for the Property; and

WHEREAS,

The Redevelopment Authority has prepared a disposition supplement providing,

inter alia,

for development controls and regulations imposed upon the Redeveloper.

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 Greenway, Mantua and West Philadelphia, 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 Saint Ignatius Senior Housing 1 L.P. (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 and disposition supplement 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