Communication 080300

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 American Street Industrial Corridor Urban Renewal Area, designated as Parcel Nos. 13 & 14, also sometimes identified by house number and street address for Parcel no. 13 as 1421-1423 North American street and for Parcel No. 14 as 1416 North Philip street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Tammi Investments, L.P. 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.