READ AND PASSED

The enacted ordinance authorizes the Philadelphia Authority for Industrial Development to transfer ownership of all or part of proposed Lot 1 at 5501 Tacony Street for less than fair market value, subject to specified terms and conditions. The City Solicitor may review and approve the documents needed for the transfer.

Authorizing the Philadelphia Authority for Industrial Development to convey fee simple title to all or a portion of property known as 5501 Tacony Street, for less than fair market value, under certain terms and conditions.