PASSED

The enacted ordinance authorizes the Commissioner of Public Property to transfer the City-owned property at 332–352 East Tioga Street, including its buildings and improvements, to the Philadelphia Authority for Industrial Development for a nominal payment. 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 convey certain tracts of land with the buildings and improvements thereon known as 332-52 East Tioga Street, located on the south side of Tioga Street, to the Philadelphia Authority for Industrial Development for nominal consideration, for further conveyance.