Communication 050739

Transmitting a bill approving the third amendment of the redevelopment proposal for the 44th and Aspen Urban Renewal Area, being the area generally bounded by Lancaster Avenue, Belmont Avenue, Pennsgrove Street, 42nd Street, Westminster Avenue, Holly Street, Aspen Street, 40th Street, Haverford Avenue, 44th Street, Fairmount Avenue and 47th Street, including the third amendment to the urban renewal plan and the first amended relocation plan, which provides, inter alia, for the additional land acquisition of approximately three hundred seventy four (374) properties for residential and related uses, the additional land acquisition of approximately three (3) properties for commercial and related uses, the expansion of the eastern border from Forty-second street to Fortieth street between Haverford avenue and Aspen street and from Forty-second street to North Holly street between Aspen street and Westminster avenue; the provision of certain relocation services, as required by law; and declaring that condemnation is not imminent with respect to the Project., accompanied by an explanatory letter from Chairman of the Redevelopment Authority.