Resolution 241085

..Title Authorizing the Philadelphia Redevelopment Authority to execute and deliver to the Philadelphia Land Bank a deed conveying title to 2123 Fernon Street, located in the 2nd Councilmanic District, 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 property 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 property 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, a deed conveying title to the property listed in Exhibit "A" hereto. EXHIBIT "A" 2nd Councilmanic District Property 2123 Fernon Street ..End