Bill 170139
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with The Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, 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.
“The Committee on Public Property and Public Works, to which was referred Bill No. 170108, entitled "An ordinance authorizing the Director of the Free Library of Philadelphia and the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease with the Philadelphia Authority for Industrial Development, tenant under a master lease with the landlord, for space in the building located…”
Chief Clerk · Stated Meeting, April 27, 2017 · Apr 27, 2017 · official transcript, this passage
Status timeline
- Feb 16, 2017Introduced and Referred · CITY COUNCIL
- Apr 24, 2017HEARING NOTICES SENT · Committee on Public Property and Public Works
- Apr 24, 2017HEARING HELD · Committee on Public Property and Public Works
- Apr 24, 2017REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Apr 27, 2017ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Apr 27, 2017SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Apr 27, 2017READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- May 4, 2017READ AND PASSED · CITY COUNCIL
- May 17, 2017SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
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..Title Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with The Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, 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 of Philadelphia, is hereby authorized to enter into a sublease agreement with The Philadelphia Municipal Authority, with City as subtenant, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, Philadelphia, Pennsylvania, pursuant to terms substantially set forth in the document attached hereto as Exhibit "A". SECTION 2. The City Solicitor is hereby authorized to review and to approve the sublease and other documents necessary to effectuate this Ordinance, which sublease 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 to carry out the purpose of this Ordinance. EXHIBIT "A" Terms of Proposed Sublease For 1500 J.F.K Boulevard, Philadelphia, PA 1. Sublandord: The Philadelphia Municipal Authority (The Philadelphia Municipal Authority will to enter into a prime lease for the premises with Crown Two Penn Center Associates Limited Partnership) 2. Subtenant: The City of Philadelphia 3. Premises Address: 1500 John F. Kennedy Boulevard, Philadelphia, PA 4. Use of the Premises: Approximately 4,005 rentable square feet, to be used for office space. 5. Term of Sublease: 5 years 6. Rent: The annual base rent will be approximately $23.25 per rentable square foot and will escalate at a rate of approximately $.50 per rentable square foot per year. At approximately 4,005 rentable square feet, the first year's annual base rent will be approximately $93,116.25. 7. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 8. Tenant Improvements: Landlord under the prime lease shall turn-key the premises based on a mutually accepted space plan. ..End