Resolution 260942

Title Authorizing the Philadelphia Land Bank to dispose of 1715, 1717, 1745, 1747, 1749 Belfield Avenue, 4556, 4558, 4560 N. Bouvier Street, 1820, 1822 W. Rockland Street, 1604, 1606, 1608 W. Mentor Street, 1732, 1734, 1736 W. Courtland Street located in the 8th 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, The Land Bank Board of Directors (the “Board”) has determined that it is in the best interest of the Land Bank to convey 1715, 1717, 1745, 1747, 1749 Belfield Avenue, 4556, 4558, 4560 N. Bouvier Street, 1820, 1822 W. Rockland Street, 1604, 1606, 1608 W. Mentor Street, 1732, 1734, 1736 W. Courtland Street (collectively, the “Property”) for the development of homeownership housing. The homes 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 1715, 1717, 1745, 1747, 1749 Belfield Avenue, 4556, 4558, 4560 N. Bouvier Street, 1820, 1822 W. Rockland Street, 1604, 1606, 1608 W. Mentor Street, 1732, 1734, 1736 W. Courtland Street pursuant to Chapter 16-700 of The Philadelphia Code and Act 153 of 2012, 68 Pa. C.S.A. § 2101, et seq. End