Bill 190310
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 804 North Broad Street, all under certain terms and conditions.
Introduced by
How members voted
Vote on Jun 13, 2019 · CITY COUNCIL
Aye (17)
Council President ClarkeCouncilmember SquillaCouncilmember JohnsonCouncilmember BlackwellCouncilmember JonesCouncilmember HenonCouncilmember Quiñones SánchezCouncilmember BassCouncilmember ParkerCouncilmember O'NeillCouncilmember DombCouncilmember GreenCouncilmember GreenleeCouncilmember GymCouncilmember OhCouncilmember Reynolds BrownCouncilmember Taubenberger
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“Bill No. 190152, entitled "An ordinance to adopt a Capital Program for the six Fiscal Years 2020 through 2025 inclusive"; and Bill No. 190153, entitled "An ordinance to adopt a Fiscal 2020 Capital Budget"; and Bill No. 190155, entitled "An Stated Meeting June 13, 2019 19-1500 of The Philadelphia Code, entitled 'Wage and Net Profits Tax,' by revising certain tax rates"; and Bill No. 1 of The Philadelphia Code, entitle…”
Chief Clerk · Stated Meeting, June 13, 2019 · Jun 13, 2019 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 190206, entitled "An ordinance authorizing the Commissioner of Public Property to enter into an agreement between the City and the Philadelphia Redevelopment Authority for the PRA to act as the City's agent for the marketing, competitive bidding, sale and development, as applicable, of certain City-owned properties"; and Bill No. 190207…”
Chief Clerk · Stated Meeting, June 6, 2019 · Jun 6, 2019 · official transcript, this passage
Status timeline
- Apr 25, 2019Introduced and Referred · CITY COUNCIL
- May 29, 2019HEARING NOTICES SENT · Committee on Public Property and Public Works
- May 29, 2019HEARING HELD · Committee on Public Property and Public Works
- May 29, 2019REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 6, 2019SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 6, 2019ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 6, 2019READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 13, 2019READ AND PASSED · CITY COUNCIL
- Jun 26, 2019SIGNED · 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 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 804 North Broad 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 sublease agreement with The Philadelphia Municipal Authority, with City as subtenant, for use by the Cityof a portion of the premises located at 804 North Broad 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 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 804 North Broad, Philadelphia, PA 1. Sublandord: The Philadelphia Municipal Authority (The Philadelphia Municipal Authority will to enter into a prime lease for the premises with 804 N. Broad Partners, the Prime Landlord.) 2. Subtenant: The City of Philadelphia 3. Premises Address: 804 North Broad Street, Philadelphia, PA 4. Use of the Premises: Approximately 4,123 rentable square feet, on the ground floor and the mezzanine to be used for office space. 5. Term of Sublease: 10 years, with an option to renew for 5 years. 6. Rent: The annual base rent will be approximately $15.00 per rentable square foot and will escalate at a rate of approximately 8.5% per rentable square foot per three years. At approximately 4,123 rentable square feet, the first year's annual base rent will be approximately $61,845.00. 7. Utilities: The City shall pay for Utilities, either under multi-facility payment agreements with utility services or by payment to the Prime Landlord under the prime lease, in the sum of $1.80 per rsf per year increasing proportionately with the rent every 3 years. The City is also responsible for $7,278 annually for its proportionate share of insurance costs and real estate taxes. 8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 9. Tenant Improvements: The Prime Landlord under the prime lease shall fit out the space. All fit out plans and specifications will be subject to the approval of the Department of Public Property. ..End