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Back to search resultsBill 140481

Authorizing the Commissioner of Public Property to convey, to the Philadelphia Authority for Industrial Development, a parcel of land generally situate at 669 Hutchinson Street, for further conveyance, under certain terms and conditions.

AI summary

This enacted measure authorizes the Commissioner of Public Property to transfer the City-owned parcel at 669 Hutchinson Street, including any buildings or improvements, to the Philadelphia Authority for Industrial Development for later conveyance. The Authority must remit the net proceeds from any sale to the City’s General Fund, and the City Solicitor may set terms to protect the City’s interests.

File details

Status
ENACTED
Introduced
May 22, 2014
Sponsors
Darrell L. ClarkeWilliam K. Greenlee
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 convey to the Philadelphia Authority for Industrial Development (“PAID”), a parcel of land generally situate at 669 Hutchinson Street (depicted on Exhibit “A” attached hereto), with buildings and improvements located thereon, if any, for further conveyance under certain terms and conditions.

SECTION 2. Conveyance of this parcel of land to PAID shall be conditioned upon agreement by PAID to remit to the City, for deposit in the General Fund, the net proceeds from the sale of the parcel of land by PAID.

SECTION 3. The City Solicitor is hereby authorized to impose such terms and conditions on the transaction authorized by this Ordinance as the City Solicitor deems necessary and proper to protect the interests of the City, and to carry out the purposes of this Ordinance.

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

  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

    Hearing held

    Council actionCommittee on Public Property and Public Works

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced and Referred

    Pass