READ AND PASSED

The enacted ordinance authorizes the Commissioner of Public Property to acquire several parcels of land near the Delaware River, including up to 23 acres in the area near Bridge Street and Tacony Street, up to 17.5 acres at 3101 East Orthodox Street, and up to 7 acres near Disston Street and Princeton Avenue. It also authorizes the City to convey up to 10 acres to the Philadelphia Authority for Industrial Development for further conveyance, for nominal consideration, with a requirement for an Economic Opportunity Plan.

Authorizing the Commissioner of Public Property to: A) acquire by lease or by deed land in the area bounded by the Delaware River, the former Frankford Creek, Bridge Street, Tacony Street and Darkrun Lane (extended to the Delaware River); B) convey by lease or by deed land in the area bounded by the Delaware River, the former Frankford Creek, Bridge Street, Tacony Street and Darkrun Lane (extended to the Delaware River) to the Philadelphia Authority for Industrial Development for further conveyance; C) acquire by deed land located at 3101 East Orthodox Street; and D) acquire by lease or by deed land in the area bounded by the Delaware River, Disston Street (extended to the Delaware River), Milnor Street and Princeton Avenue (extended to the Delaware River), all for nominal consideration and all under certain terms and conditions.