PASSED

This enacted bill authorizes the Philadelphia Authority for Industrial Development (PAID) to purchase the parcel at 4952–4964 Parkside Avenue, at the southeast corner of Fiftieth Street and Parkside Avenue. The purchase price, including settlement and other related costs, may not exceed $70,000, and the Industrial and Commercial Development Revolving Fund may pay for it under the agreement involving the City, PAID, and PIDC.

Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain tract of land situate at the southeast corner of Fiftieth street and Parkside avenue, for a consideration not to exceed seventy thousand dollars ($70,000.00), under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and Philadelphia Industrial Development Corporation (PIDC).