Bill 260528
Authorizing the Philadelphia Authority for Industrial Development to convey fee simple title to all or a portion of property known as 5501 Tacony Street, for less than fair market value, under certain terms and conditions.
Introduced by
How members voted
Vote on Jun 11, 2026 · CITY COUNCIL
Aye (17)
Councilmember BassCouncilmember BrooksCouncilmember DriscollCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember HarrityCouncilmember JonesCouncilmember LozadaCouncilmember O'NeillCouncilmember PhillipsCouncilmember SquillaCouncilmember ThomasCouncilmember AhmadCouncilmember LandauCouncilmember O'RourkeCouncilmember YoungCouncil President Johnson
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“To the President and the members of the Council of the City of Philadelphia, I'm submitting herewith for the consideration of your honorable body the following proposed: An ordinance adding a new Chapter 12-1800 to The Philadelphia Code, entitled "Temporary No Parking Restrictions and Relocation Towing," to restrict the use of temporary no parking signs, create a system for the application for and issuance of permits…”
Chief Clerk · Stated Meeting, June 11, 2026 · Jun 11, 2026 · official transcript, this passage
“The Committee on Public Property and Public Works, to which were referred the following bills: Bill 5 No. 260382, an ordinance naming and designating 60th and Baltimore Park, located at 5961 Baltimore Avenue, as "Tyrone 'Cakes' Sims Park." Bill No. 260423 as amended, an ordinance amending Chapter 16-400 of The Philadelphia Code, entitled "Surplus Properties," by adding methodology for disposition by property exchange…”
Chief Clerk · Stated Meeting, June 4, 2026 · Jun 4, 2026 · official transcript, this passage
Status timeline
- May 14, 2026Introduced and Referred · CITY COUNCIL
- Jun 1, 2026HEARING NOTICES SENT · Committee on Public Property and Public Works
- Jun 1, 2026HEARING HELD · Committee on Public Property and Public Works
- Jun 1, 2026REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 4, 2026ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 4, 2026SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 4, 2026READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 11, 2026READ AND PASSED · CITY COUNCIL
- Jun 23, 2026SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
Read the full text as published
..Title Authorizing the Philadelphia Authority for Industrial Development to convey fee simple title to all or a portion of property known as 5501 Tacony Street, for less than fair market value, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Philadelphia Authority for Industrial Development (PAID) is hereby authorized to convey fee simple title to the property known as proposed Lot 1 of 5501 Tacony Street, which is more particularly described in Exbibit A ("Property"). SECTION 2. Due to the historic challenges of the Frankford Arsenal site, the need for parking, and the limited use potential of the Property, and notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation, PAID may convey the Property for less than fair market value. SECTION 3. The City Solicitor is hereby authorized to review and to approve 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. ..End