Bill 170506
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement with Washington Service Corp., for use by the City of all or a portion of the premises located at 8747 Frankford Avenue, 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. 170287, entitled "An ordinance authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to convey to the Philadelphia Authority for Industrial Development, all or part of a parcel of land located in the area bounded by Linden Avenue, State Road, Amtrak's Northeast Corridor, and I-95 for further conveyance"…”
Chief Clerk · Stated Meeting, June 15, 2017 · Jun 15, 2017 · official transcript, this passage
Status timeline
- May 18, 2017Introduced and Referred · CITY COUNCIL
- Jun 14, 2017HEARING NOTICES SENT · Committee on Public Property and Public Works
- Jun 14, 2017HEARING HELD · Committee on Public Property and Public Works
- Jun 14, 2017REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 15, 2017ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 15, 2017SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 15, 2017READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 22, 2017READ AND PASSED · CITY COUNCIL
- Jul 11, 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, to enter into a lease agreement with Washington Service Corp., for use by the City of all or a portion of the premises located at 8747 Frankford Avenue, 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 lease agreement with Washington Service Corp., with City as tenant, for use by the City, of all or a portion of the premises located at 8747 Frankford Avenue, 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 lease and other documents necessary to effectuate this Ordinance, which lease 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 Lease For 8747 Frankford Avenue, Philadelphia, PA 1. Landlord: Washington Service Corp. 2. Tenant: The City of Philadelphia 3. Premises Address: 8747 Frankford Avenue, Philadelphia, PA 4. Use of the Premises: Approximately 1,200 square feet, to be used for office space. 5. Term of Lease: 5 years; provided, however, the City shall have a right to terminate the Lease at the City's sole option, at any time after expiration of four years without liability to the Landlord for damage or loss of profits which would have been realized had the Lease not been terminated. 6. Renewal Terms: Tenant shall have one (1) five (5) year renewal option. 7. Rent: The annual base rent will be approximately $14.31 per square foot for the first 5 years of the lease term. The first annual base rent for the first 5 years will be approximately $17,172. During the renewal option term, the annual base rent will increase approximately 2.5% bi-annually. 8. Operating Expenses: The City shall be responsible for its share of common area costs. In years 1-5 that amount is approximately $125/month. ..End