PASSED

The enacted ordinance authorizes Philadelphia to accept a parcel of School District real estate near Red Lion Road and Roosevelt Boulevard and convey it to the Philadelphia Authority for Industrial Development under the terms of an existing development agreement. It also authorizes the City to convey another nearby City-owned parcel to the School District of Philadelphia, with the City Solicitor reviewing the required documents.

Authorizing the Commissioner of Public Property and the Director of Commerce, on behalf of the City of Philadelphia, to accept from the School District of Philadelphia all or any portion of certain real estate in the vicinity of Red Lion road and Roosevelt boulevard, to subsequently convey such property to the Philadelphia Authority for Industrial Development ("PAID"), and to convey to the School District of Philadelphia all or any portion of certain other City-owned real estate in the vicinity of Red Lion road and Roosevelt boulevard, all under certain terms and conditions.