PASSED

This enacted ordinance authorizes the City’s Commissioner of Public Property to transfer the property at 2815 Ridge Avenue, including its buildings and improvements, to the Philadelphia Authority for Industrial Development for a nominal amount. The authority may then convey the property at fair market value, with any net sale proceeds deposited in the City’s General Fund.

Authorizing the Commissioner of Public Property to convey a certain tract of land with the buildings and improvements thereon known as 2815 Ridge Avenue, located on the northeast side of Ridge Avenue, to the Philadelphia Authority for Industrial Development for nominal consideration, for further conveyance.