Communication 040893

Transmitting a resolution approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Grays Ferry Urban Renewal Area designated as Parcel No. 157 also sometimes identified by respective house number and street address as 1401-1455 South Twenty-fifth street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Dericom Enterprises, LLC and to take such action as may be necessary to effectuate the redevelopment contract, accompanied by an explanatory letter from the Executive Director of the Redevelopment Authority.