PASSED

The enacted ordinance authorizes the City’s Commissioner of Public Property to transfer 4301 Tacony Street, 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 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 4301 Tacony Street, for further conveyance.