Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Redevelopment Agreement
Purpose: Authorizing execution of Redevelopment Agreement with Brandywine Acquisition and Development, LLC, as the designated redeveloper of the Bergen Street Police and Fire Training Academy as part of a public-private partnership entered into under the Local Redevelopment and Housing Law
Entity Name: Brandywine Acquisition and Development, LLC
Entity Address: 2 Ponds Edge Drive, P.O. Box 500, Chadds Ford, Pennsylvania 19317
Contract Amount: One Million Two Hundred Thousand Dollars and Zero Cents ($1,200,000.00)
Development Agreement Term: This Redevelopment Agreement shall commence on the Effective Date and shall not expire until the issuance of a Certificate of Completion for the Project
City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee
( ) None ( ) Other:( )
Developer Investment: :( )
Developer Third-Party Financing
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( X ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
687-689 Bergen Street/Block 2687/Lot 14/South Ward
691 Bergen Street/Block 2687/Lot 16 and 60/South Ward
693 Bergen Street/Block 2687/Lot 17/South Ward
695-715 Bergen Street/Block 2687/Lot 25/South Ward
158 Chadwick Avenue/Block 2687/Lot 43/South Ward
160 Chadwick Avenue/Block 2687/Lot 42/South Ward
162 Chadwick Avenue/Block 2687/Lot 41/South Ward
164 Chadwick Avenue/Block 2687/Lot 40/South Ward
Additional Information:
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WHEREAS, on June 15, 2005, pursuant to Council Resoluti...
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