PASSED

The enacted bill authorizes the City’s Commissioner of Public Property to transfer four adjacent parcels and their buildings at 1015-21 Mount Vernon Street 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 in the City’s General Fund.

Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed for nominal consideration conveying fee simple title to four adjacent parcels, situate 1015-21 Mount Vernon Street in the City of Philadelphia, with the buildings and improvements thereon, for further conveyance at fair market value.