READ AND PASSED

This enacted bill authorizes Philadelphia officials to enter into agreements supporting the redevelopment, operation, and maintenance of the Gallery Mall on Market Street between 8th and 11th Streets. It also authorizes the City to accept public-access easement rights, approve the transfer of the Filbert Bridge lease, make 43 years of scheduled payments totaling $175,248,296 for public-access area costs, and end existing mall maintenance agreements and corporations.

Authorizing the Commissioner of Public Property, the Director of Commerce, and other officials of the City to execute or approve various agreements and other matters by and among the City, the Philadelphia Redevelopment Authority, the Philadelphia Authority for Industrial Development, and others relating to the redevelopment, operation, and maintenance of properties located on the north side of Market Street between 8th and 11th Streets in the City and commonly known as the Gallery Mall; all under certain terms and conditions.