Authorizing the Philadelphia Redevelopment Authority to execute and deliver to the Philadelphia Land Bank a deed conveying title to 2118 E. Monmouth Street, located in the 1st Councilmanic District, pursuant to the requirements of the Commonwealth Land Bank Act.

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

et seq

. (the "Land Bank Act") authorized the City to create a land bank in accordance with the Land Bank Act; and

WHEREAS, The City, in Bill No. 130156-A (approved December 18, 2013), authorized the creation of the Philadelphia Land Bank; and

WHEREAS, Under Section 2109 of the Land Bank Act, 68 Pa. C.S.A. § 2109(d)(3), a redevelopment authority, with the consent of the local governing body and without a redevelopment contract, may convey title to certain redevelopment authority property to a land bank; and

WHEREAS, The property identified in this Resolution qualifies for transfer from the Philadelphia Redevelopment Authority to the

Philadelphia Land Bank as provided by Section 2109 of the Land Bank Act; and

WHEREAS, The transfer of the property identified in this Resolution to the Philadelphia Land Bank will promote the public purposes for which the City created the Philadelphia Land Bank; now, therefore, be it

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

SECTION 1. The Philadelphia Redevelopment Authority is hereby authorized to execute and deliver to the Philadelphia Land Bank, without consideration, a deed conveying title to the property listed in Exhibit "A" hereto.

EXHIBIT "A"

1st Councilmanic District Property

2118 E. Monmouth Street

End