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  5. 129 Pa.Commw. 619 (1989)
 

KARP v. REDEVELOPMENT AUTHORITY

129 Pa.Commw. 619 (1989)

566 A.2d 649

Michael KARP and Amy Karp Individually and General Partners of University Club Associates, a Partnership, Appellants, v. REDEVELOPMENT AUTHORITY OF the CITY OF PHILADELPHIA, Lee A. Casper, Edward A. Keenan, Kathleen Mulhern and Alice Lipscomb and Office of Community Development of the City of Philadelphia and Danico, Inc. et al., Appellees.

Commonwealth Court of Pennsylvania.

Decided November 22, 1989.

Reargument Denied February 2, 1990.

Attorney(s) appearing for the Case

Barry E. Ungar, with him, Janet S. Holcombe and Rachel B. Mann, Mann and Ungar, P.A., Philadelphia, for appellants.

Rudolph Garcia, with him, George C. McFarland, Jr., Saul, Ewing, Remick & Saul, Philadelphia, for appellees, The Redevelopment Authority of the City of Philadelphia, Lee A. Casper, Edward C. Keenan, Kathleen Mulhern and Alice Lipscomb.

Herbert G. Keene, Jr., with him, John J. Murphy III, and Paula D. Shaffner, Stradley, Ronon, Stevens & Young, Philadelphia, for appellees, Danico, Inc. and Renaissance Investment Company, Partners trading as Chestnut Commons, Ltd.

Before BARRY, McGINLEY and SMITH, JJ.

OPINION

BARRY, Judge.

The Redevelopment Authority of the City of Philadelphia (RDA), appellee, invited bids in October of 1985 for the purchase and development of a piece of real estate in the University City Urban Renewal area. The bidding requirements contained in the bid invitation included an obligation to deposit ten percent of the bid price and a statement that it is the developer's responsibility to document its financial capability to undertake the...

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