or formerly Isle of Capri Associates, L.P., Said point being
distant the following two (2) courses and distances from the
intersection and southeasterly right-of-way line of Penn Street
(60 foot wide right-of-way, legally open) and the easterly
right-of-way line of Delaware Avenue (A.K.A. Christopher
Columbus Boulevard, A.K.A. SR. 2001, 150 foot wide right-of-way,
legally open):
A. Along the southeasterly right-of-way of Penn Street,
North 43 degrees 30 minutes 00 seconds East, a distance of
140.229 feet to a drill hole, THENCE;
B. Along the dividing line between Lot 9, Map 5 N 4 and
Lot 16, Map 6 N 6, South 47 degrees 02 minutes 00 seconds
east, a distance of 194.573 feet to the true point and place
of beginning and from said point of beginning running,
THENCE;
The following two (2) courses and distances along the dividing
line between Lot 9, Map 5 N 4 AND Lot 16, Map 6 N 6:
1. South 67 degrees 54 minutes 00 seconds East, a
distance of 125.667 feet to a point, THENCE;
2. South 46 degrees 04 minutes 40 seconds East, a
distance of 361.500 feet to a point on the northeasterly
right-of-way line of Fairmount Avenue (62 foot 2 inch wide
right-of-way, not open, not on the city tax registry), said
point is 53.976 feet on a bearing North 71 degrees 40 minutes
00 seconds West from the pierhead line of the Delaware River
(established January 5, 1894, Approved by the Secretary of
War September 10, 1940), THENCE;
3. Along the northeasterly right-of-way line of
Fairmount Avenue, North 71 degrees 40 minutes 00 seconds
West, a distance of 527.937 feet to a point on the Bulkhead
line of the Delaware River, (established January 5, 1894,
approved by the Secretary of War September 10, 1940), THENCE;
4. Along the Bulkhead line of the Delaware River, North
43 degrees 17 minutes 06 seconds East, a distance of 181.316
feet to the point and place of BEGINNING.
CONTAINING 51,839 SQUARE FEET OR 1.19006 ACRES
(c) Lease agreement.--The lease and any other documents
provided for under this act shall be approved as to form and
legality by the Attorney General and Office of General Counsel
and shall be executed by the Department of General Services,
with the concurrence of the Department of Environmental
Protection, in the name of the Commonwealth. The lease shall
grant the lessee, and the successors, assigns and sublessees,
the right to use the premises described in subsection (b), or to
assign the lease or sublease or permit the sublease of premises
described in subsection (b) for the purposes of the proposed
development of 41 townhouses, each with parking for two cars, 21
of which parking spaces are in the leased area or such other
uses as may be permitted in accordance with applicable law,
including, but not limited to, municipal land use regulations.
(d) Sublease.--The Department of General Services, with the
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