Resolution 260938

Title Authorizing the Philadelphia Land Bank to dispose of 1306 South 28th Street located in the 2nd 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 number of units as approved by Council Resolution No. 260577 has been revised to fifteen (15); 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 1304, 1306, 1310, and 1314-20 South 28th Street (including 1309-23 South Newkirk Street) (collectively, the “Property”) for the development of homeownership housing, as revised. The homes to be developed on 1304, 1306, 1310, and 1314-20 South 28th Street (including 1309-23 South Newkirk 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 1304, 1306, 1310, and 1314-20 South 28th Street (including 1309-23 South Newkirk 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