PASSED

The enacted ordinance authorizes the City’s Commissioner of Public Property to transfer 1433-35 Poplar 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 City’s net sale proceeds deposited in the 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 1433-35 Poplar Street, for further conveyance.