3434 Kensington, LLC
Business expansion (unsolicited, non-competitive):
3 properties · Council District 7 · GM Holdings
What is missing from the record
Every step has a date on record. Nothing is missing from the records we hold.
Where this project stands
Five steps, from the Board agenda to the closing. A disposition is the sale or transfer of a Land Bank property. The Council step is City Council's approval of the sale, which comes after the Board's approval.
- 1. On a Board agendaDoneNov 15, 2022
- 2. Board approvalDoneNov 15, 2022
- 3. Council approval of the dispositionDoneDec 15, 2022 to Apr 27, 2023
- 4. Deed into the Land BankDoneJun 26, 2023
- 5. ClosingDoneDec 17, 2024
Board hearings
One row for each Board hearing where this project was on the agenda. Fewer than six approving votes means no decision was reached; it is not a denial. Speakers and letters are public comments on the item.
| Date | Agenda item | Outcome | Vote as recorded | Public speakers | Letters |
|---|---|---|---|---|---|
| Nov 15, 2022 | V.B(1) | Approved | unanimous | 1 | 0 |
| Feb 14, 2023 | III.B | Approved | unanimous | 0 | 0 |
City Council
City Council resolutions that name this project's properties, from Council's Legistar records. Earlier resolutions often moved the lots into the Land Bank; they are not Council's approval of this sale (step 3 above).
| Resolution | Sponsor | Status | Introduced | Adopted |
|---|---|---|---|---|
| 221027 | Councilmember Lozada | adopted | Dec 15, 2022 | Dec 15, 2022 |
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| 3434 Kensington, LLC | Dec 17, 2024 | $95,000 | $95,000 | 0 | 220984;230313 |
Days from the first Board approval to each closing: 763.
People and organizations
- Applicant
- GM Holdings
- Council resolutions naming these properties, sponsored by
- Quetcy M. Lozada (resolutions 221027)
Public comment
A position is counted only where the person stated one at a hearing or in a letter. Letters read aloud at a meeting are staff summaries, not the writer's own words. Officials and people speaking for an organization are named; residents who spoke for themselves are counted, not named.
Across all hearings: 1 public speakers and 0 letters, with 1 statements of support and 0 of opposition.
| Named commenters (1 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Rachael Pritzker | support | attorney for applicant |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 4 of 4 shown.
… V.B(1) – Business Expansion (Unsolicited) Mr. Lawrence asked the Board to approve the disposition of 3418, 3420 and 3422 Kensington Avenue in the 7th Council District to GM Holdings, LLC to complete a parking lot that exists on adjacent properties they own. The application was unsolicited and evaluated pursuant to the disposition policy, and the purchase will be for $95,000, the appraised fair market value. Evidence of project financing has been provided. The applicant is compliant and in good standing with the City of Philadelphia. The project will not be subject to an Economic Opportunit…
Minutes · Nov 15, 2022, item V.B(1) · packet p. 9 · PLB Board Package for 12.13.2022 Board Meeting.pdf
Agenda · Nov 15, 2022, item V.B(1) · packet p. 2 · PLB Board Package for 11.15.2022 Board Meeting.pdf
… is requested to facilitate the consolidation of the properties the Land Bank is conveying – 3418, 3420 and 3422 Kensington Avenue – with the other properties in the project, which are already owned by 3434 Kensington, LLC. Both limited liability companies are controlled by the same member, and all other terms of the disposition will remain in force as approved. PLB Board of Directors DRAFT Meeting Minutes for February 14, 2023 Page 2 of 8 Philadelphia Land Bank Board Meeting Package for March 14, 2023 Page 5 of 85
Minutes · Feb 14, 2023, item III.B · packet p. 5 · PLB Board Package for 3.14.2023 Board Meeting.pdf
Agenda · Feb 14, 2023, item III.B · packet p. 1 · PLB Board Package for 2.14.2023 Board Meeting.pdf
Properties (3)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 3418 KENSINGTON AVE | 331440800 | Closed | Jun 26, 2023 | Dec 17, 2024 | RDA |
| 3420 KENSINGTON AVE | 331440901 | Closed | Jun 26, 2023 | Dec 17, 2024 | RDA |
| 3422 KENSINGTON AVE | 331441000 | Closed | Jun 26, 2023 | Dec 17, 2024 | RDA |
Sources: Board minutes and packets; PHDC workbook; Council (Legistar). Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.