Amending Chapter 16-400 of The Philadelphia Code, entitled "Surplus Properties," by adding methodology for disposition by property exchange, and making other technical changes, all under certain terms and conditions.

Amending Chapter 16-400 of The Philadelphia Code, entitled “Surplus Properties,” by adding methodology for disposition by property exchange, and making other technical changes, all under certain terms and conditions. THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS : SECTION 1. Section 16-400 of The Philadelphia Code is hereby amended as follows: TITLE 16. PUBLIC PROPERTY * * * CHAPTER 16-400. SURPLUS PROPERTIES * * * § 16-402. Definitions. (1) In this Chapter the following definitions shall apply: * * * (f) Property Exchange. The conveyance, sale, transfer or grant of fee title to real property from any Agency to a private, non-Agency or non-governmental party, in exchange for the acquisition by the Agency of real property owned by the private party for the purpose of furthering the mission of the Agency or a governmental party. For purposes of this paragraph, the following City-related entities shall be considered governmental parties: the Philadelphia Housing Development Corporation, the Philadelphia Housing Authority, the Philadelphia Authority for Industrial Development, the Philadelphia Industrial Development Corporation, and any of their respective affiliates. * * * § 16-404. Disposition: Inventory, Methods, Terms, and Approvals. * * * (2) Methods * * * (b) All surplus properties shall be disposed of by an Agency pursuant to either a competitive process, as set forth in subsection 16-404(2)(c), [or] pursuant to the requirements of subsection 16-404(2)(d), or purs…