Communication 051220

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 of the American Street Industrial Corridor Urban Renewal Area, designated as Parcel no. 7 also sometimes identified by respective house number and street adress as 1231 North Third Street including 1230 Germantown avenue; and authorizing the Redevelopment Authority to execute the redevelopment contract with CRL2 Associates, LLC and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement, accompanied by an explanatory letter from the Executive Director of the Redevelopment Authority.