Resolution 220990
Authorizing the Philadelphia Land Bank to dispose of 2544 S. 5th Street and 1921 S. 6th Street located in the 1st Councilmanic District in accordance with the terms of Chapter 16-700 of The Philadelphia Code.
Introduced by
From the floor
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“Resolution No. 220976, entitled a "Resolution approving the Philadelphia Housing Development Corporation as the City's applicant to receive funding from the Pennsylvania Department of Community and Economic Development under the Whole Home Program"; and Resolution No. 220977, entitled a "Resolution authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Redevelopment Authority deeds…”
Chief Clerk · Stated Meeting, December 15, 2022 · Dec 15, 2022 · official transcript, this passage
Status timeline
- Dec 8, 2022Introduced and Ordered Placed On Next Week's Final Passage Calendar · CITY COUNCIL
- Dec 15, 2022ADOPTED · CITY COUNCIL
Official documents
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..Title Authorizing the Philadelphia Land Bank to dispose of 2544 S. 5th Street and 1921 S. 6th Street located in the 1st Councilmanic District in accordance with the terms of Chapter 16-700 of The Philadelphia Code. ..Body WHEREAS, Section 16-706 of The Philadelphia Code authorizes the Philadelphia Land Bank ("Land Bank") to convey, exchange, sell, transfer, lease, grant or mortgage interests in real property of the Land Bank in accordance with the requirements of Chapter 16-400 of The Philadelphia Code; and WHEREAS, Subsection 16-404(3)(f) of The Philadelphia Code requires compliance with Subsection 16-601(1) of The Philadelphia Code; and WHEREAS, Subsection 16-601(1)(c) provides that a material change requires Council's prior approval by resolution; and WHEREAS, The project use as approved by Council Resolution No. 210566 has been revised to change use from rental to affordable homeownership and the AMI level from 120% AMI to 100% with a sale price of $275,000; and WHEREAS, The Land Bank Board of Directors (the "Board") has determined that it is in the best interest of the Land Bank to convey 2544 S. 5th Street and 1921 S. 6th Street (collectively, the "Property") for the development of homeownership housing, as revised. The homes to be developed on 2544 S. 5th Street and 1921 S. 6th Street will be eligible for participation in the Neighborhood Preservation Initiative's Turn the Key program; now, therefore, be it RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS: SECTION 1. The Philadelphia Land Bank is hereby authorized to transfer title to 2544 S. 5th and 1921 S. 6th Street pursuant to Chapter 16-700 of The Philadelphia Code and Act 153 of 2012, 68 Pa. C.S.A. � 2101, et seq., for the revised project. ..End 1