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Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to an approximately 30,000 square foot triangular shaped parcel of City-owned land with buildings and improvements thereon, located at the southeast corner of Market and 33rd Streets in the City of Philadelphia, for further conveyance.

AI summary

The enacted ordinance authorizes the Commissioner of Public Property to transfer, for nominal consideration, fee-simple ownership of an approximately 30,000-square-foot City-owned triangular parcel with buildings at the southeast corner of Market and 33rd Streets to the Philadelphia Authority for Industrial Development. The property is to be conveyed onward for $600,000, with the net sale proceeds deposited in the City's General Fund.

File details

Status
ENACTED
Introduced
May 31, 2007
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1.

The Commissioner of Public Property is hereby authorized to execute and deliver to the Philadelphia Authority for Industrial Development for nominal consideration, a deed conveying fee simple title to an approximately 30,000 square foot triangular shaped parcel of City-owned land with buildings and improvements thereon, located at the southeast corner of Market and 33rd Streets, for further conveyance for $600,000.

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

    Hearing held

    Council actionCommittee on Public Property and Public Works

    Reported favorably, rule suspension requested

    Council actionCommittee on Public Property and Public Works

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred