Bill 171011
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to an existing lease agreement with the Southeastern Pennsylvania Transportation Authority, for use by the City of all or a portion of the premises located at 1234 Market Street, 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.
“170958, entitled "An ordinance authorizing transfers in appropriations for Fiscal Year 2018 from the General Fund and the Grants Revenue Fund, certain or all City offices, departments, boards and commissions to the General Fund, the Water Fund, and the Aviation Fund, certain or all City offices, departments, boards and commissions"; and Bill No. 170877, entitled "An ordinance amending Chapter 16-300 of The Philadelph…”
Chief Clerk · Stated Meeting, December 14, 2017 · Dec 14, 2017 · official transcript, this passage
“The Committee on Public Property and Public Works, to Stated Meeting December 7, 2017 No. 170877, entitled "An ordinance amending Chapter 16-300 of The Philadelphia Code, entitled 'Maintenance and Supervision,' by authorizing the Commissioner of Public Property to promulgate regulations prohibiting City employees from possessing certain symbols, materials, and objects in City-owned or City-occupied facilities"; and B…”
Chief Clerk · Stated Meeting, December 7, 2017 · Dec 7, 2017 · official transcript, this passage
Status timeline
- Nov 16, 2017Introduced and Referred · CITY COUNCIL
- Dec 6, 2017HEARING NOTICES SENT · Committee on Public Property and Public Works
- Dec 6, 2017HEARING HELD · Committee on Public Property and Public Works
- Dec 6, 2017REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Dec 7, 2017SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Dec 7, 2017ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Dec 7, 2017READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Dec 14, 2017READ AND PASSED · CITY COUNCIL
- Jan 3, 2018SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
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..Title Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to an existing lease agreement with the Southeastern Pennsylvania Transportation Authority, for use by the City of all or a portion of the premises located at 1234 Market Street, 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 an amendment to an existing lease agreement with the Southeastern Pennsylvania Transportation Authority, with City as tenant, for use by the City, of all or a portion of the premises located at 1234 Market Street, 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 amendment and other documents necessary to effectuate this Ordinance, which lease amendment 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 Amendment 1234 Market Street, Philadelphia, PA 1. Landlord: Southeastern Pennsylvania Transportation Authority ("SEPTA"). 2. Tenant: The City of Philadelphia 3. Premises Address: 1234 Market Street, Philadelphia, PA 4. Use of the Premises: Approximately 12,387 square feet, to be used for office space. 5. Term of Amendment: To be conterminous with the City's existing lease expiration date of June 30, 2024. Based on a February 1, 2018 commencement date, the term will be six (6) years, five (5) months. 6. Renewal Terms: Tenant shall have one (1) five (5) year renewal option. 7. Rent: The annual base rent will be approximately $22.50 per square foot for the first year with approximately $.50 per square foot per year escalations on an annual basis. 8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses over a 2018 Base Year.