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BillENACTED

Bill 080402

Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to an existing sublease between the Philadelphia Municipal Authority and the City for the City's use of certain office space located at 100 South Broad Street, under certain terms and conditions.

Introduced Apr 17, 2008Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Council President VernaCouncilmember Tasco

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “The ayes have it and the amendment is adopted. The Chief Clerk will please 6/12/08 - STATED - 2ND READING read the title of Bill No. 080402.”

    Council President Verna · Stated Meeting, June 12, 2008 · Jun 12, 2008 · official transcript, this passage

  2. “To the President and members of the Council of the City of Philadelphia, the Committee on Public Property and Public Works, to which was referred Bill No. 080402, entitled "An ordinance authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to an existing sublease between the Philadelphia Municipal Authority and the City for the City's use of certain office space located at…”

    Chief Clerk · Stated Meeting, June 5, 2008 · Jun 5, 2008 · official transcript, this passage

Status timeline

  1. Apr 17, 2008Referred · CITY COUNCIL
  2. Apr 17, 2008Introduced · CITY COUNCIL
  3. May 22, 2008HEARING NOTICES SENT · Committee on Public Property and Public Works
  4. May 22, 2008REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
  5. May 22, 2008HEARING HELD · Committee on Public Property and Public Works
  6. Jun 5, 2008ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Jun 5, 2008SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  8. Jun 5, 2008ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Jun 12, 2008READ · CITY COUNCIL
  10. Jun 12, 2008PASSED · CITY COUNCIL
  11. Jun 18, 2008SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to an existing sublease between the Philadelphia Municipal Authority and the City for the City's use of certain office space located at 100 South Broad Street, under certain terms and conditions. ..Body WHEREAS, on June 1, 1998 the Philadelphia Municipal Authority entered into a ten year lease wherein it leased all or portions of the 3rd, 4th, 5th, and 6th floors in the building located at 100 South Broad Street from LTB Limited Partnership; WHEREAS, pursuant to Bill No. 980225, the City entered into a ten year sublease wherein it subleased this same space from the Philadelphia Municipal Authority; and WHEREAS, Council wishes to authorize an amendment to the sublease with the Philadelphia Municipal Authority to, among other things, extend the term of the sublease for an additional ten year period; now, therefore THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commissioner of Public Property, on behalf of the City, is hereby authorized to enter into an amendment to modify certain terms of a Sublease dated June 1, 1998 between the Philadelphia Municipal Authority and the City of Philadelphia for the City's use of certain office space located at 100 South Broad Street, Philadelphia, Pennsylvania, under terms and conditions set forth in Exhibit "A" hereto, which shall, among other things, extend the term of the Sublease for an additional ten year period. SECTION 2. The City Solicitor is hereby authorized to review and to approve all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City of Philadelphia and carry out the purpose of this Ordinance. EXHIBIT "A" Sublease Terms Area: 60,131 rentable square feet located on 3rd, 4th, 5th and 6th floors. Tenant may reduce the amount of space under certain terms and conditions. Renewal Term: Ten (10) years. Commencement Date and Expiration Date: September 1, 2008 and to expire August 31, 2018. Rental Rate: $16.50 per rentable square foot, full service, to escalate two percent (2%) annually. Tenant Improvements: Landlord shall furnish and install new paint and carpeting throughout the premises. Modifications to the existing configuration will be subject to a mutually acceptable plan between Landlord and Tenant. Common Area Bathroom Facilities: The common area bathrooms will be retrofitted and upgraded. Operating Expenses and Real Estate Taxes: Tenant shall pay any increase in operating Expenses and Real Estate Taxes over a 2007 Base Year. ..End