Approving the First Amendment to Redevelopment Agreement of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the New Kensington-Fishtown Urban Renewal Area, identified by house number and street address as 2451-2453 Frankford avenue; and authorizing the Redevelopment Authority to execute the First Amendment to Redevelopment Agreement with BMK Properties, LLC and to take such action as may be necessary to effectuate the First Amendment to Redevelopment Agreement.