Bill 150512
Authorizing the Commerce Director and the Commissioner of Public Property, on behalf of the City, to acquire an approximately 27-acre property known as International Plaza, located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, together with all improvements thereon, and to enter into a Master Lease with Philadelphia Authority for Industrial Development pursuant to which the City will lease the property to Philadelphia Authority for Industrial Development and the Philadelphia Authority for Industrial Development will sublease portions of the property to tenants under existing leases or future leases, all under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“150494, entitled "An ordinance to amend the Philadelphia Zoning Maps by changing the zoning designations of certain areas of land located within an area bounded by Arizona Street, Emerald Street, York Street, and Coral Street"; and Bill No. 150442, entitled "An ordinance approving the Fiscal Year 2016 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works"; and Bill No. 15044…”
Chief Clerk · Stated Meeting, June 18, 2015 · Jun 18, 2015 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 150370, entitled "An ordinance authorizing the Commissioner of Public Property, on behalf of the City, to enter into a sublease agreement with the Philadelphia Authority for Industrial Development for use by the City of premises located at 2800 South 20th Street"; and Bill No. 150469, entitled "An ordinance authorizing the Commissioner…”
Chief Clerk · Stated Meeting, June 11, 2015 · Jun 11, 2015 · official transcript, this passage
Status timeline
- May 21, 2015Introduced and Referred · CITY COUNCIL
- May 27, 2015Re-Referred · CITY COUNCIL
- Jun 4, 2015HEARING NOTICES SENT · Committee on Public Property and Public Works
- Jun 4, 2015HEARING HELD · Committee on Public Property and Public Works
- Jun 4, 2015REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 11, 2015ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 11, 2015SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 18, 2015READ AND PASSED · CITY COUNCIL
- Jun 18, 2015SIGNED · MAYOR
Official documents
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..Title Authorizing the Commerce Director and the Commissioner of Public Property, on behalf of the City, to acquire an approximately 27-acre property known as International Plaza, located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, together with all improvements thereon, and to enter into a Master Lease with Philadelphia Authority for Industrial Development pursuant to which the City will lease the property to Philadelphia Authority for Industrial Development and the Philadelphia Authority for Industrial Development will sublease portions of the property to tenants under existing leases or future leases, all under certain terms and conditions. ..Body WHEREAS, International Plaza Owners, L. P. is the owner of 27.06 acres of land in Tinicum Township, Delaware County ("Property") more specifically described in Exhibit "A"; WHEREAS, the City seeks to purchase the Property; WHEREAS, the Property is subject to existing leases; and WHEREAS, the City desires to enter into a Master Lease with the Philadelphia Authority for Industrial Development ("PAID") pursuant to which PAID will sublease portions of the property to tenants under existing leases or future leases; now, therefore THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commerce Director and the Commissioner of Public Property are hereby authorized to acquire on behalf of the City 27.06 acres located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, Tax Parcels 45-00-00508-04 and 45-00-10508-04, more specifically described in Exhibit "A." SECTION 2. The Commerce Director and the Commissioner of Public Property are hereby authorized to enter into a Master Lease with the PAID in connection with the acquisition of the Property, pursuant to which the City will lease the Property to PAID and PAID will sublease portions of the Property to tenants under existing leases or future leases. Leases assumed pursuant to the purchase authorized in Section 1 need not include City requirements that might otherwise be required by The Philadelphia Code until such time as tenants extend or renew the term of such leases or enter into new leases. SECTION 3. 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 purposes for this Ordinance. ..End