MOTION

The withdrawn bill would have authorized Philadelphia’s Commissioner of Public Property to transfer the City’s interest in specified properties near North Front, Wildey, Leopard, and Richmond Streets—including 1101-19 and 1043-47 North Front Street—to the Philadelphia Authority for Industrial Development for nominal consideration. The authority could then have conveyed the properties at fair market value, with 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, some or all of the City's interest in certain parcels of land, with the buildings and improvements thereon, located in an area bounded by North Front Street, Wildey Street, Leopard Street and Richmond Street; certain parcels of land, with the buildings and improvements thereon, known as 1101-19 North Front Street, located on the east side of North Front street; and certain parcels of land, with the buildings and improvements thereon, known as 1043-47 North Front Street, located on the east side of North Front Street, for further conveyance.