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Back to search resultsBill 150406

Authorizing the Commissioner of Public Property, on behalf of the City, to purchase from 7777 Philadelphia PA Loan Associates, LLC, a certain tract of land together with the improvements thereon, commonly known as 7777-R State Road, under certain terms and conditions.

AI summary

This lapsed bill would have authorized the Commissioner of Public Property to purchase an approximately 58-acre tract of land and its improvements at 7777-R State Road from 7777 Philadelphia Loan Associates, LLC, for up to $7,265,299. It also would have required the City Solicitor to review and approve the documents needed for the purchase before they were signed.

File details

Status
LAPSED
Introduced
April 30, 2015
Sponsors
Bobby Henon
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 purchase from 7777 Philadelphia Loan Associates, LLC, an approximately 58-acre tract of land together with the improvements thereon, commonly known as 7777-R State Road, and as more particularly described in Exhibit “A” hereto, for consideration not to exceed Seven Million Two Hundred Sixty Five Thousand Two Hundred Ninety-Nine Dollars ($7,265,299).

SECTION 2. The City Solicitor is hereby authorized to review and to approve, prior to execution, 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 interests of the City.

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 actionCITY COUNCIL

    Recommitted

  2. Council actionCITY COUNCIL

    Read and ordered placed on next week's second reading calendar

    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

    Pass
  3. 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

  4. Council actionCITY COUNCIL

    Introduced and Referred

    Pass