PASSED

This enacted bill authorizes the City’s Commissioner of Public Property to transfer ownership of the land and buildings at 5201 Frankford Avenue to the Philadelphia Authority for Industrial Development. The property is to be conveyed onward for 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 to execute and deliver to the Philadelphia Authority for Industrial Development a deed conveying fee simple title to certain parcels of land, with the improvements thereon, located at 5201 Frankford Avenue, for further conveyance, under certain terms and conditions.