PASSED

The enacted ordinance authorizes the Commissioner of Public Property to transfer City-owned land, buildings, and improvements at 140-54 N. Christopher Columbus Boulevard to the Philadelphia Authority for Industrial Development for a nominal amount. The authority may then convey the property at fair market value, with the net sale proceeds deposited into the City’s General Fund.

Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to a certain tract of City-owned land with buildings and improvements thereon, situate 140-54 N. Christopher Columbus Boulevard in the City of Philadelphia, for further conveyance at fair market value.