PASSED

The enacted ordinance authorizes the City’s Commissioner of Public Property to transfer the land and buildings at 815 East Washington Lane to the Philadelphia Authority for Industrial Development for a nominal payment. The property may then be conveyed at fair market value, with the net sale proceeds deposited in the City’s General Fund.

Authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to transfer to the Philadelphia Authority for Industrial Development, for nominal consideration, a certain parcel of land, with the buildings and improvements thereon, known as 815 East Washington Lane, for further conveyance.