Bill 140002
Authorizing the Philadelphia Authority for Industrial Development (PAID) to purchase approximately Two and Seven-Tenths (2.7) acres of land situate at 5210 Lindbergh Boulevard, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC).
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“The Committee on Commerce and Economic Development, to which was referred Bill No. 140002, entitled "An ordinance authorizing the Philadelphia Authority for Industrial Two and Seven-Tenths acres of land situate at 5210 Lindbergh Boulevard"; and Bill No. 140100, entitled "An ordinance amending Chapter 17-1300 of The Philadelphia Code, entitled 'Philadelphia 21st Century Minimum Wage and Benefits Standard,' by further…”
Chief Clerk · Stated Meeting, March 6, 2014 · Mar 6, 2014 · official transcript, this passage
Status timeline
- Jan 23, 2014Introduced and Referred · CITY COUNCIL
- Mar 5, 2014HEARING NOTICES SENT · Committee on Commerce & Economic Development
- Mar 5, 2014HEARING HELD · Committee on Commerce & Economic Development
- Mar 5, 2014AMENDED · Committee on Commerce & Economic Development
- Mar 5, 2014REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
- Mar 6, 2014ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Mar 6, 2014SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Mar 6, 2014ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Mar 13, 2014READ AND PASSED · CITY COUNCIL
- Mar 21, 2014SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
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..Title Authorizing the Philadelphia Authority for Industrial Development (PAID) to purchase approximately Two and Seven-Tenths (2.7) acres of land situate at 5210 Lindbergh Boulevard, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC). ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Philadelphia Authority for Industrial Development (PAID), is hereby authorized to purchase for a consideration not to exceed Three Hundred and Fifty Thousand Dollars ($350,000), not including settlement and other incidental costs, and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC), approximately Two and Seven-Tenths (2.7) acres of land at 5210 Lindbergh Boulevard, as identified in the Map attached as Exhibit "A". SECTION 2. The City Solicitor is hereby authorized to review and to approve, prior to execution, all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interest of the City and to carry out the purposes of the Philadelphia Industrial and Commercial Development Agreement and this Ordinance. SECTION 3. The Industrial and Commercial Development Revolving Fund shall be charged for the purchase price of the property and incidental expenses, including settlement costs. SECTION 4. Conveyance of the property to PAID shall be conditioned upon a commitment by PAID to require an Economic Opportunity Plan in accordance with Section 17-1602 of The Philadelphia Code, as amended. ..End 2