Bill 160406
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to a sublease agreement with the Philadelphia Authority for Industrial Development for the use by the City of premises located at 1101 Market Street, 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.
“160366, entitled "An ordinance authorizing the Commissioner of Public Property to lease to the Rosemary Montagno Senior Center the premises located at 12601 Townsend Road"; and Bill No. 160399, entitled "An ordinance authorizing the Commissioner of Public Property to acquire a bridge that crosses the Schuylkill River below the Grays Ferry Bridge and to acquire rights or property interests in connection with supports…”
Chief Clerk · Stated Meeting, June 16, 2016 · Jun 16, 2016 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 160334, entitled "An ordinance authorizing the Commissioner of Public Property to convey to the Philadelphia Authority for Industrial Development, all or part of a parcel of land located in the area bounded by Buttonwood Street, North 10th Street, Hamilton Street, Ridge Avenue, and North 11th Street, for further conveyance"; and Bill No…”
Chief Clerk · Stated Meeting, June 9, 2016 · Jun 9, 2016 · official transcript, this passage
Status timeline
- May 5, 2016Introduced and Referred · CITY COUNCIL
- Jun 6, 2016HEARING NOTICES SENT · Committee on Public Property and Public Works
- Jun 6, 2016HEARING HELD · Committee on Public Property and Public Works
- Jun 6, 2016REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 9, 2016ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 9, 2016SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 9, 2016READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 16, 2016READ AND PASSED · CITY COUNCIL
- Jun 28, 2016SIGNED · 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 a sublease agreement with the Philadelphia Authority for Industrial Development for the use by the City of premises located at 1101 Market Street, all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commissioner of Public Property, on behalf of the City, as subtenant, is hereby authorized to enter into an amendment to a sublease agreement with the Philadelphia Authority for Industrial Development, as sublandlord, for use by the City of premises located at 1101 Market Street, Philadelphia, PA, pursuant to terms substantially as set forth in the document attached hereto as Exhibit "A". SECTION 2. The City Solicitor is hereby authorized to review and to approve the amendment to the lease, amendment to the sublease, and other documents necessary to effectuate this Ordinance, which documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City. EXHIBIT "A" TERM SHEET ARAMARK Tower, 1101 Market Street, Philadelphia, PA 19107 City of Philadelphia/PAID Lease The provisions of this term sheet capture the proposed key terms and conditions upon which the parties agree to lease the below referenced premises with the assumption the parties further agree to be bound by these terms and conditions. TENANT City of Philadelphia by means of sublease from the Philadelphia Authority for Industrial Development (PAID) LANDLORD Girard Estate Leasehold DEMISED PREMISES 179,295 RSF consisting of floors 2-5; floors 7-10; floor 11 (partial) TERM Lease term is fifteen (15) years commencing September 1, 2016; terminating August 31, 2031 BASE RENT $12.50 PSF; Annual Base Rent Adjustment $.45 PSF each September 1st REFURBISHMENT ALLOWANCE $37.50 PSF Tenant Improvement Allowance STORAGE SPACE 1,157 RSF at the truck dock level; $10.00 PSF with 3% Annual Base Rent Adjustments ..End