Authorizing the Philadelphia Land Bank to dispose of 2214 N. Orkney Street located in the 7th Councilmanic District in accordance with the terms of Chapter 16-700 of The Philadelphia Code.

WHEREAS, Section 16-706 of The Philadelphia Code authorizes the Philadelphia Land Bank (“Land Bank”) to convey, exchange, sell, transfer, lease, grant or mortgage interests in real property of the Land Bank in accordance with the requirements of

16-400

of The Philadelphia Code; and

WHEREAS, The Land Bank Board of Directors (the “Board”) has determined that it is in the best interest of the Land Bank to convey 2214 N. Orkney Street (collectively, the “Property”) to Md Golam Mostafa and Sharmin Akter (the “Purchaser”) for the purchase price of Fifty Thousand and 00/100 Dollars ($50,000.00) for the development of a side/rear yard; now, therefore, be it

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS:

SECTION 1. The Philadelphia Land Bank is hereby authorized to transfer title to 2214 N. Orkney Street to Md Golam Mostafa and Sharmin Akter pursuant to Chapter 16-700 of The Philadelphia Code and

Act 153 of 2012, 68 Pa. C.S.A. § 2101,

et seq

.

End