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BillENACTED

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 May 14, 2026Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Council President JohnsonCouncilmember Driscoll

How members voted

  1. 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.

  1. “…ill No. 260513. I'm pleased to advise you -- and Bill No. 260522, Bill No. 260523, Bill No. 260524, Bill No. 260528, Bill No. 260529, Bill No. 260530, Bill No. 260531, Bill No. 260532, Bill No. 260533, Bill No. 260534, Bill No. 260535, Bill No. 260536 and Bill No. 260564. I'm pleased to advise you that on September 15, 2026, I signed the following bill which was passed by Council at its session on June 11, 2026: Bill…”

    The Clerk · Stated Meeting, September 17, 2026 · Sep 17, 2026 · official transcript, this passage

  2. “…mendation of the City Planning Commission on the following bills: Bill No. 260200, Bill No. 260201, Bill No. 260528 for approval, Bill No. 260533 for approval with amendments. I'm pleased to advise you that on June 10, 2026, I signed the following bills which were passed by Council at its session on May 28, 2026: Bill No. 260063-A, Bill No. 260212, Bill No. 260296, Bill No. 260297, Bill No. 260301, Bill No. 260340 an…”

    Chief Clerk · Stated Meeting, June 11, 2026 · Jun 11, 2026 · official transcript, this passage

  3. “…n by property exchange, and making other technical changes, all under certain terms and conditions. Bill No. 260528, an ordinance 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. Bill No. 260529, an ordinance authorizing the Commissioner of Publi…”

    Chief Clerk · Stated Meeting, June 4, 2026 · Jun 4, 2026 · official transcript, this passage

Status timeline

  1. May 14, 2026
    Introduced and Referred · CITY COUNCIL

    This Bill was Introduced and Referred.to the Committee on Public Property and Public Works

  2. Jun 1, 2026
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  3. Jun 1, 2026
    HEARING HELD · Committee on Public Property and Public Works

    This Bill was HEARING HELD.

  4. Jun 1, 2026
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  5. Jun 4, 2026
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  6. Jun 4, 2026
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  7. Jun 4, 2026
    READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL

    This Bill was READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR.

  8. Jun 11, 2026
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

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

  9. Jun 23, 2026
    SIGNED · MAYOR

    This Bill was SIGNED.

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