PASSED

The enacted bill authorizes the Commissioner of Public Property to transfer, for a nominal payment, City-owned land and buildings at 1826–34 South 10th Street to the Philadelphia Authority for Industrial Development. The authority may then convey the property at fair market value, with the net proceeds returned to the City's General Fund.

Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed conveying, for nominal consideration, fee simple title to certain tracts of City-owned land located at 1826-34 South 10th Street, with the improvements thereon, for further conveyance at fair market value.