Authorizing the revision of lines and grades on a portion of City Plan No. 271 by placing on the City Plan a cut-back area at the northwest corner of Second Street and Germantown Avenue, under certain terms and conditions, including the dedication to the City of the bed of the said cut-back area.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Pursuant to Section 11-402 of The Philadelphia Code, the Board of Surveyors of the Department of Streets is hereby authorized to revise the lines and grades on a portion of City Plan No. 271 by placing on the City Plan a triangularly-shaped cut-back area at the northwest corner of Second Street and Germantown Avenue, extending approximately nineteen feet along the westerly side of said Second Street and approximately nineteen feet along the northeasterly side of said Germantown Avenue.

SECTION 2. This authorization is conditional upon compliance with the following requirements within two (2) years from the date this Ordinance becomes law:

a)

The filing of an agreement, satisfactory to the City Solicitor, by the owner(s) of property affected thereby, to release the City from all damages or claims for damages which may arise by reason of the City Plan changes authorized herein; in lieu thereof, only after the party in interest has demonstrated best efforts to obtain such agreements and such efforts are unsuccessful, the party in interest shall file an agreement and a bond, with corporate surety, satisfactory to the City Solicitor or an irrevocable letter of credit satisfactory to the City Solicitor, to release the City as aforesaid.

b)

The filing of an agreement, satisfactory to the City Solicitor, by the party in interest, to release, indemnify, and defend the City from all damages or claims for damages that may arise by reason of the City Plan changes authorized herein.

c)

The dedication to the City by the owner or owners of property affected thereby, without cost and free and clear of all encumbrances, of the bed of the triangularly-shaped cut-back area at the northwest corner of Second Street and Germantown Avenue proposed to be placed on the City Plan by authority of this Ordinance.

d)

The payment by the party in interest of the cost of advertising the public hearing by the Board of Surveyors on the City Plan changes authorized by this Ordinance.

SECTION 3.

This Ordinance shall not become effective unless the sum of two hundred dollars ($200.00), toward costs thereof, is paid into the City Treasury within one hundred and twenty (120) days after this Ordinance becomes law.

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