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 Chapter
16-400
of The Philadelphia Code; and
WHEREAS, Subsection 16-404(3)(f) of The Philadelphia Code
requires compliance with Subsection 16-601(1) of The Philadelphia Code; and
WHEREAS, Subsection 16-601(1)(c) provides that a material change requires Council’s prior approval by resolution; and
WHEREAS, the entity approved by Council Resolution No. 240979 was BKP Development Group, LLC, which has been revised to Mantua 10, LLC.; 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 666 and 674 Union Street; 3842, 3844, 3851, and 3855 Aspen Street; 747 N. 39th Street; and 3902 and 3906 Brown Street (collectively, the “Property”) for the development of homeownership housing, as revised. The homes to be developed on 666 and 674 Union Street; 3842, 3844, 3851, and 3855 Aspen Street; 747 N. 39th Street; and 3902 and 3906 Brown Street will be eligible for participation in the Neighborhood Preservation Initiative’s Turn the Key program; now, therefore, be it
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS:
The Philadelphia Land Bank is hereby authorized to transfer title to
666 and 674 Union Street; 3842, 3844, 3851, and 3855 Aspen Street; 747 N. 39th Street; and 3902 and 3906 Brown Street
pursuant to Chapter 16-700 of The Philadelphia Code and Act 153 of 2012, 68 Pa. C.S.A. § 2101,
et seq.
, for the revised project.
End
Timeline
A file can move through several public steps, including introduction, hearings, amendments, votes and final action. This timeline puts those events in date order, groups routine entries from the same day, and attaches published member votes to the action they record.
Marked unanimous; no member-by-member tally published.
A motion was made that this Resolution be ADOPTED. The motion carried by a unanimous vote.
Source: LegislationDetail.aspx · gridLegislation
This Resolution was Introduced and Ordered Placed On Next Week's Final Passage Calendar.
Source: LegislationDetail.aspx · gridLegislation
