READ AND PASSED

This enacted bill authorizes Philadelphia to exchange about 1.1 acres of City-owned land that is part of the Kensington & Tacony Trail for an approximately equal-sized parcel owned by the Philadelphia Authority for Industrial Development at 3101 East Orthodox Street. After the exchange, the City parcel would be removed from the trail and from the jurisdiction of the Department of Parks and Recreation.

Authorizing the Commissioner of Parks and Recreation and the Commissioner of Public Property, on behalf of the City of Philadelphia, to execute a deed to the Philadelphia Authority for Industrial Development ("PAID") and to accept a deed from PAID, and to execute all other necessary documents, for the purpose of exchanging an approximately One and one-tenths (1.1) acre parcel of City-owned land (the "K&T Parcel") that is part of a larger parcel commonly called the Kensington & Tacony Trail (the "K&T Trail") running between Tacony Street and the Frankford Creek, for an approximately One and one-tenths (1.1) acre parcel of land of equal or greater value owned by PAID (the "PAID Parcel") located at 3101 East Orthodox Street and, upon completion of PAID's acquisition of the K&T Parcel, removing the K&T Parcel from the K&T Trail and from the jurisdiction of the Department of Parks and Recreation, subject to certain provisions.