Bill 180455
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with Why Partners, L.P., for use by the City of a portion of the premises located at 1425 Arch 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.
“180518, 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 Roosevelt Boulevard, Godfrey Avenue, Castor Avenue, and Fillmore Street"; and Stated Meeting June 21, 2018 180519, entitled "An ordinance to amend the Philadelphia Zoning Maps by changing the zoning designations of certain areas of land located within an a…”
Chief Clerk · Stated Meeting, June 21, 2018 · Jun 21, 2018 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 180367, entitled "An ordinance amending Chapter 16-400 of The Philadelphia Code, entitled 'Vacant and Surplus Properties,' to allow property dispositions by the Philadelphia Land Bank"; and Bill No. 180453, entitled "An ordinance authorizing the Procurement Commissioner and the Free Library of Philadelphia, on behalf of the City of Phil…”
Chief Clerk · Stated Meeting, June 14, 2018 · Jun 14, 2018 · official transcript, this passage
Status timeline
- May 10, 2018Introduced and Referred · CITY COUNCIL
- Jun 7, 2018HEARING NOTICES SENT · Committee on Public Property and Public Works
- Jun 7, 2018HEARING HELD · Committee on Public Property and Public Works
- Jun 7, 2018REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 14, 2018ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 14, 2018SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 14, 2018READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 21, 2018READ AND PASSED · CITY COUNCIL
- Jun 28, 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 of Philadelphia, to enter into a lease agreement with Why Partners, L.P., for use by the City of a portion of the premises located at 1425 Arch 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 of Philadelphia, is hereby authorized to enter into a lease agreement with Why Partners, L.P., with City as tenant, for use by the City of a portion of the premises located at 1425 Arch Street, Philadelphia, Pennsylvania, 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 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 1425 Arch Street, Philadelphia, PA 1. Landlord: Why Partners, L.P. 2. Subtenant: The City of Philadelphia 3. Premises Address: 1425 Arch Street, Philadelphia, PA 4. Use of the Premises: Approximately 2,352 rentable 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 $1.25 per rentable square foot. At approximately 2,352 rentable square feet, the first year's annual base rent will be approximately $35,280.00. ..End