Bill 190710
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with 2401 Walnut LP for use by the City of all or a portion of the premises located at 2401 Walnut Street, under certain terms and conditions.
Introduced by
How members voted
Vote on Dec 5, 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. 190601-A, entitled "An ordinance amending Title 14 of The Philadelphia Code, entitled 'Zoning and Planning,' to revise certain provisions of Chapter 14-200, entitled 'Definitions' and Chapter 14-600, entitled 'Use Regulations,' by creating the use category 'Smoking Lounge';" and Bill No. 180457, entitled "An ordinance amending Chapter 9-600 of The Philadelphia Code, entitled 'Service and Other Businesses,' t…”
Chief Clerk · Stated Meeting, December 5, 2019 · Dec 5, 2019 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 190554, Stated Meeting November 21, 2019 "An ordinance authorizing the Commissioner of Public Property, on behalf of the City, to acquire fee simple title or a lesser interest, by purchase, dedication, donation, condemnation, agreement in lieu of condemnation or otherwise, in parcels of land generally bounded by South Street, the Bulkhe…”
Chief Clerk · Stated Meeting, November 21, 2019 · Nov 21, 2019 · official transcript, this passage
Status timeline
- Sep 19, 2019Introduced and Referred · CITY COUNCIL
- Nov 18, 2019HEARING NOTICES SENT · Committee on Public Property and Public Works
- Nov 18, 2019HEARING HELD · Committee on Public Property and Public Works
- Nov 18, 2019REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Nov 21, 2019SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Nov 21, 2019ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Nov 21, 2019ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Dec 5, 2019READ AND PASSED · CITY COUNCIL
- Dec 30, 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 lease agreement with 2401 Walnut LP for use by the City of all or a portion of the premises located at 2401 Walnut Street, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commissioner of Public Property is hereby authorized to enter into a lease with the 2401 Walnut LP, with City as tenant, for use by the City of all or a portion of the premises located at 2401 Walnut 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 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 2401 Walnut Street, Philadelphia, PA 1. Landlord: 2401 Walnut, LP 2. Tenant: City of Philadelphia 3. Premises Address: 2401 Walnut Street, Philadelphia, PA 4. Use of the Premises: Approximately 10,971 rentable square feet, to be used for office space. 5. Term of Lease: Ten (10) years; provided, however, the City (in accordance with Section 8-200(3) of the Philadelphia Charter) shall have right to terminate the Lease, at the City's sole option, at any time after the expiration of four years without liability to the Landlord for damages or loss of profits which would have been realized had the Lease not been terminated. 6. Renewal Term: Tenant shall have two (2) five (5) year renewal options, provided, however, the City (in accordance with Section 8-200(3) of the Philadelphia Charter) shall have the right to terminate the Lease, at the City's sole option, at any time after the expiration of four years of the renewal term without liability to the Landlord for damages or loss of profits which would have been realized had the Lease not been terminated. 7. Rent: The annual base rent will be approximately $23.34 per rentable square foot and will escalate at a rate of approximately 7.35% per rentable square foot every three years. At approximately 10,971 rentable square feet, the first year's annual base rent will be approximately $256,063.14. 8. Operating Expenses: The City shall be responsible for its proportionate share of taxes, operating expenses and janitorial expenses. ..End