WHEREAS, By resolution dated February 15, 2011, the City Planning Commission recommended approval of Drexel University's revision to its Institutional Development District Master Plan for construction of the new LeBow College of Business Building located at the south side of the intersection of 32nd and Market Street, in the 3rd Councilmanic District of Philadelphia; and
WHEREAS, The project site area is 37,000 square feet and the building's foot print will be approximately 21,600 square feet. The building is proposed to be 177,500 square feet and twelve-stories in height consisting of 37% class room space, 22% student amenity space and 41% office faculty space (the Proposed Revision); and
WHEREAS, Drexel University has committed to an Economic Opportunity Plan attached hereto as Exhibit A, which provides for contracting and employment opportunities for minorities, women and the disabled; and
WHEREAS, Chapter 14-1107(c) requires City Council to approve, disapprove or defer the Proposed Revision within 45 days of City Planning's recommendation or the Proposed Revision is presumed approved; now therefore, be it
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the Drexel University's Proposed Revision to its Institutional Development District Master Plan is Approved.
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