Communication 050552

Transmitting a resolution approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion the Model Cities Urban Renewal Area, designated as Parcel Nos. 329, 386, 519 & 520 also sometimes identified by respective house numbers and street addresses for Parcel No. 329 as 642-652 North Eleventh street, for Parcel No. 386 as 1006-1020 Mount Vernon street, for Parcel No. 519 as 621-645 North Tenth Street including 923-929 Mount Vernon street and 922-926 Wallace street and for Parcel No. 520 as 918 Mount Vernon street including 917-923 Green street and 601-611 & 615-619 North Tenth street; authorizing the Redevelopment Authority to execute the redevelopment contract with New Urban Ventures, LLC and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement and rescinding Resolution No. 040724 approved by Council on June 24, 2004, accompanied by an explanatory letter from the Executive Director of the Redevelopment Authority.