Bill 210424
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with The Philadelphia Authority for Industrial Development, for use by the City, of a portion of the premises located at 1101 Market Street, Philadelphia, Pennsylvania by the City, all under certain terms and conditions.
Introduced by
How members voted
Vote on Jun 17, 2021 · CITY COUNCIL
Aye (17)
Councilmember DombCouncilmember GreenCouncilmember GymCouncilmember OhCouncilmember SquillaCouncilmember JohnsonCouncilmember JonesCouncil President ClarkeCouncilmember HenonCouncilmember Quiñones SánchezCouncilmember BassCouncilmember ParkerCouncilmember O'NeillCouncilmember BrooksCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember Thomas
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“210418, entitled "An ordinance authorizing the Commissioner of Public Property, to convey to the 01:22:25 Commonwealth of Pennsylvania, all or a portion of a parcel or parcels of land in and about the area bounded by Kingston Street, I-95, East Venango Street and Bath Street"; and 01:22:35 Bill No. 210419, entitled "An ordinance authorizing the Commissioner of Public Property, to grant to the Pennsylvania Department…”
Chief Clerk · Stated Meeting, June 17, 2021 · Jun 17, 2021 · official transcript, this passage
“The Committee on Public Property and Public Works, to which was referred Bill No. 200662, 00:28:46 entitled "An ordinance 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 00:28:58 by the City, of a portion of the premises located at 11311 Roosevelt Boulevard"; and Bill No. 200677, entitled "An…”
Chief Clerk · Stated Meeting, June 10, 2021 · Jun 10, 2021 · official transcript, this passage
Status timeline
- May 6, 2021Introduced and Referred · CITY COUNCIL
- May 28, 2021HEARING NOTICES SENT · Committee on Public Property and Public Works
- May 28, 2021HEARING HELD · Committee on Public Property and Public Works
- May 28, 2021REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Jun 10, 2021SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 10, 2021ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 10, 2021READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 17, 2021READ AND PASSED · CITY COUNCIL
- Jul 1, 2021SIGNED · 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 Authority for Industrial Development, for use by the City, of a portion of the premises located at 1101 Market Street, Philadelphia, Pennsylvania by the City, 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 City, of a portion of the premises located at 1101 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 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 1101 Market Street, Philadelphia, PA 1. Sublandord: The Philadelphia Authority for Industrial Development 2. Landlord: Girard Estate Leasehold 3. Subtenant: The City of Philadelphia 4. Premises Address: 1101 Market Street, Philadelphia, PA 5. Use of the Premises: Approximately 212,430 rentable square feet, to be used for office space. 6. Term of Sublease: 1 (one) additional year, extending the expiration date to August 31, 2032. 7. Rent: The annual base rent will escalate at $.45 per rentable square foot for the additional year for a base rent amount of $19.25. At approximately 212,430 rentable square feet, the additional year's annual base rent will be approximately $4,089,277.50. 8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. ..End