READ AND PASSED

This enacted ordinance authorizes the City to transfer some land near Wharton, 12th, Reed, and 11th Streets to the Philadelphia Authority for Industrial Development and to acquire interests in other portions of that area. It also authorizes a nearly 30-year sublease for the City to use 1357 S. 12th Street for a Philadelphia Fire Department station, with options to renew and nominal rent.

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to convey to the Philadelphia Authority for Industrial Development, all or a portion of certain parcels of land in and about the area bounded by Wharton, 12th, Reed, and 11th Streets for further conveyance; to enter into a sublease agreement with the Philadelphia Authority for Industrial Development for use by the City of Philadelphia of a premises located at 1357 S. 12th Street, Philadelphia, Pennsylvania; and to acquire fee simple title or a lesser real estate interest by purchase, condemnation, or otherwise, in a portion of certain parcels of land in and about the area bounded by Wharton, 12th, Reed, and 11th Streets; all under certain terms and conditions.