Amending Section 2 of an Ordinance (Bill No. 170086) approved May 22, 2017, entitled "An Ordinance authorizing the revision of lines and grades on a portion of City Plan No. 269 by relocating portions of the houselines and curblines of Convention Avenue, from Thirty-Fourth Street to Health Sciences Drive, and placing on the City Plan two rights of way for drainage purposes within the vicinity of the intersection of Convention Avenue and Health Sciences Drive and authorizing acceptance of the grant to the City of the said rights of way for drainage purposes, all under certain terms and conditions, including the dedication to the City of the beds of the areas proposed to be placed on City Plan as portions of Convention Avenue," by revising the terms and conditions stated therein and extending the period for compliance therewith.

WHEREAS, an Ordinance (Bill No. 170086) approved May 22, 2017 was conditional upon certain requirements being complied with within two (2) years from the date of approval; and

WHEREAS, it is desirable to revise the terms and conditions stated therein and to extend the timeframe in which such requirements may be met; now, therefore,

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 2 of an Ordinance (Bill No. 170086) approved May 22, 2017, is hereby amended to read as follows:

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

by May 22, 2021

:

e)

The party in interest shall file a bond, with corporate surety, satisfactory to the City Solicitor or an irrevocable letter of credit satisfactory to the City Solicitor, in an amount satisfactory to the Department of Streets and the Water Department, to cover the cost of the work required under Section 2(c) herein

, or in lieu thereof, shall submit documentation in a form and content acceptable to the City Solicitor that the party in interest self-assumes the liabilities and responsibility for the obligations required to be covered by the said bond or letter of credit

.

SECTION 2. 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 twenty (120) days after this Ordinance becomes law.

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Explanation:

[Brackets] indicate matter deleted.

Italics

indicate matter added.