PASSED

The enacted bill authorizes the Commissioner of Public Property to transfer City-owned land and buildings at 2227–2251 Island Avenue and 7280–7282 Saybrook Avenue to the Philadelphia Authority for Industrial Development for a nominal amount. The Authority may then convey the properties 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 2227-2251 Island Avenue and 7280-7282 Saybrook Avenue, with the buildings and improvements thereon, for further conveyance at fair market value.