PASSED

This enacted ordinance authorizes the Philadelphia Authority for Industrial Development to purchase an approximately 15-acre property, including its buildings and other improvements, in the area bounded by 46th Street, Market Street, Haverford Avenue, and 48th Street. The purchase price may be up to $4 million, plus settlement and other related costs, which would be paid from the Industrial and Commercial Development Revolving Fund.

Authorizing the Philadelphia Authority for Industrial Development to purchase a certain tract of land with the improvements thereon in the area bounded by 46th Street, Market Street, Haverford Avenue, and 48th Street, subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation, under certain additional terms and conditions.