Transmitting a resolution approving the redevelopment contract and the ground lease agreement of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the South Central Urban Renewal Area, identified by house number and street address as 614-626 South Thirteenth street (including 1306-1310 Kater street and 1309-1313 Bainbridge Street); and authorizing the Philadelphia Redevelopment Authority to execute the redevelopment contract and the ground lease agreement with 624 S. 13th Street L.L.C. and to take such action as may be necessary to effectuate the redevelopment contract and the ground lease agreement.