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BillENACTED

Bill 110369

Authorizing the Philadelphia Authority for Industrial Development (PAID) to purchase approximately twenty-eight acres of land situate on the west side of the Schuylkill River between 56th and 58th Streets, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation.

Introduced May 12, 2011Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Council President VernaCouncilmember Tasco

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “…Philadelphia to sell, either at public or private sale, Gas Works Revenue Bonds, Tenth Series"; and Bill No. 110369, entitled "An ordinance authorizing the Philadelphia Authority for Industrial Development to purchase approximately twenty-eight acres of land situate on the west side of the Schuylkill River between 56th and 58th Streets"; and Bill No. 090746, entitled "An ordinance amending Section 9-208 of The Philad…”

    Chief Clerk · Stated Meeting, June 16, 2011 · Jun 16, 2011 · official transcript, this passage

  2. “The Committee on Public Property and Public Works, to which was referred Bill No. 110369, entitled "An ordinance authorizing the Philadelphia Authority for Industrial Development to purchase approximately twenty-eight acres of land situate on the west side of the Schuylkill River between 56th and 58th Streets, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agre…”

    Chief Clerk · Stated Meeting, June 9, 2011 · Jun 9, 2011 · official transcript, this passage

  3. “…dam President, I move that the rules of Council be suspended this day as to permit first reading of Bill No. 110369. (Duly seconded.)”

    Councilman Clarke · Stated Meeting, June 9, 2011 · Jun 9, 2011 · official transcript, this passage

Status timeline

  1. May 12, 2011
    Introduced and Referred · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Tasco that this matter be Introduced and Referred to the Committee on Public Property and Public Works. The motion carried unanimously.

  2. Jun 9, 2011
    HEARING NOTICES SENT · Committee on Public Property and Public Works
  3. Jun 9, 2011
    HEARING HELD · Committee on Public Property and Public Works
  4. Jun 9, 2011
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
  5. Jun 9, 2011
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  6. Jun 9, 2011
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmemer Clarke that this matter be SUSPEND THE RULES OF THE COUNCIL. The motion carried unanimously.

  7. Jun 9, 2011
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  8. Jun 16, 2011
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this matter be READ AND PASSED. The motion carried by the following vote:

  9. Jul 19, 2011
    SIGNED · 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 (PAID) to purchase approximately twenty-eight acres of land situate on the west side of the Schuylkill River between 56th and 58th Streets, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Philadelphia Authority for Industrial Development (PAID), is hereby authorized to purchase for a consideration not to exceed Three Million Five Hundred Thousand Dollars ($3,500,000), not including settlement and other incidental costs, and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation, approximately twenty-eight acres of real estate on the west side of the Schuylkill River between 56th Street and 58th Street. SECTION 2. The City Solicitor is hereby authorized to review and to approve, prior to execution, 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. SECTION 3. The Industrial and Commercial Development Revolving Fund shall be charged for the purchase price of the property and incidental expenses, including settlement costs. ..End 2