Resolution 240937

..Title Authorizing the Philadelphia Redevelopment Authority to execute and deliver to the Philadelphia Land Bank deeds conveying title to various properties located in the 3rd Councilmanic District, including on the following streets: S. 44th Street and Ludlow Street, pursuant to the requirements of the Commonwealth Land Bank Act. ..Body WHEREAS, Act 153 of 2012, 68 Pa. C.S.A. � 2101, et seq. (the "Land Bank Act") authorized the City to create a land bank in accordance with the Land Bank Act; and WHEREAS, The City, in Bill No. 130156-A (approved December 18, 2013), authorized the creation of the Philadelphia Land Bank; and WHEREAS, Under Section 2109 of the Land Bank Act, 68 Pa. C.S.A. � 2109(d)(3), a redevelopment authority, with the consent of the local governing body and without a redevelopment contract, may convey title to certain redevelopment authority property to a land bank; and WHEREAS, The properties identified in this Resolution qualify for transfer from the Philadelphia Redevelopment Authority to the Philadelphia Land Bank as provided by Section 2109 of the Land Bank Act; and WHEREAS, The transfer of the properties identified in this Resolution to the Philadelphia Land Bank will promote the public purposes for which the City created the Philadelphia Land Bank; now, therefore, be it RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS: SECTION 1. The Philadelphia Redevelopment Authority is hereby authorized to execute and deliver to the Philadelphia Land Bank, without consideration, deeds conveying title to the properties listed in Exhibit "A" hereto. EXHIBIT "A" 3rd Councilmanic District Properties 18 S. 44th Street 20 S. 44th Street 24 S. 44th Street 26 S. 44th Street 28 S. 44th Street 30 S. 44th Street 34 S. 44th Street 36 S. 44th Street 4422 Ludlow Street 4426 Ludlow Street 4428 Ludlow Street 4430 Ludlow Street ..End