PASSED

The enacted ordinance authorizes the Commissioner of Public Property to transfer, for nominal consideration, fee-simple ownership of an approximately 30,000-square-foot City-owned triangular parcel with buildings at the southeast corner of Market and 33rd Streets to the Philadelphia Authority for Industrial Development. The property is to be conveyed onward for $600,000, 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, for nominal consideration, a deed conveying fee simple title to an approximately 30,000 square foot triangular shaped parcel of City-owned land with buildings and improvements thereon, located at the southeast corner of Market and 33rd Streets in the City of Philadelphia, for further conveyance.