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BillENACTED

Bill 230839

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia to enter into an amendment to a lease agreement with AC HSS Office Ventures II, LLC, for use by the City of an additional portion of the premises located at 1930 South Broad Street, under certain terms and conditions.

Introduced Nov 16, 2023Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Johnson

Properties named in this bill

Addresses the bill text names, each matched to one Philadelphia parcel. Naming a property is not a claim that the bill is about it.

1930 S BROAD ST

How members voted

  1. Vote on Dec 14, 2023 · CITY COUNCIL

    Aye (15)

    Councilmember SquillaCouncilmember JohnsonCouncilmember JonesCouncil President ClarkeCouncilmember BassCouncilmember O'NeillCouncilmember BrooksCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember ThomasCouncilmember DriscollCouncilmember LozadaCouncilmember HarrityCouncilmember VaughnCouncilmember Phillips

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “… a portion of certain parcel or parcels of land from the Philadelphia Redevelopment Authority"; and Bill No. 230839, entitled "An Stated Meeting 115 12/14/2023 the Commissioner of Public Property to enter into an amendment to a lease agreement with AC HSS Office Ventures II, for use by the City of an additional portion of the premises located at 1930 South Broad Street"; and Bill No. 230840, entitled "An ordinance au…”

    Chief Clerk · Stated Meeting, December 14, 2023 · Dec 14, 2023 · official transcript, this passage

  2. “… a portion of certain parcel or parcels of land from the Philadelphia Redevelopment Authority"; and Bill No. 230839, entitled "An ordinance authorizing the Commissioner of Public Property to enter into an amendment to a lease agreement with AC HSS Office Ventures II, for use by the City of an additional portion of the premises located at 1930 South Broad Street"; and Bill No. 230840, entitled "An ordinance authorizin…”

    Chief Clerk · Stated Meeting, December 7, 2023 · Dec 7, 2023 · official transcript, this passage

Status timeline

  1. Nov 16, 2023
    Introduced and Referred · CITY COUNCIL

    This Bill was Introduced and Referred.to the Committee on Public Property and Public Works

  2. Dec 5, 2023
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  3. Dec 5, 2023
    HEARING HELD · Committee on Public Property and Public Works

    This Bill was HEARING HELD.

  4. Dec 5, 2023
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  5. Dec 7, 2023
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  6. Dec 7, 2023
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  7. Dec 14, 2023
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this Bill be READ AND PASSED. The motion carried by the following vote:

  8. Dec 20, 2023
    SIGNED · MAYOR

    This Bill was SIGNED.

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 an amendment to a lease agreement with AC HSS Office Ventures II, LLC, for use by the City of an additional portion of the premises located at 1930 South Broad 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 amend an existing lease with AC HSS Office Ventures II, LLC, as successor landlord, with City as tenant, for use by the City, of all or a portion of the premises located at 1930 South Broad Street, Philadelphia, Pennsylvania. The amendment will add additional space to the leased premises pursuant to terms substantially set forth in "Exhibit A". SECTION 2. The City Solicitor is hereby authorized to draft, negotiate, review and to approve, prior to execution, all documents necessary and helpful to effectuate this Ordinance and to include in those documents all provisions the City Solicitor deems necessary and proper to protect the interests of the City. EXHIBIT "A" Terms of Proposed Lease Amendment for 1930 South Broad Street, Philadelphia, PA 1. Successor Landlord: AC HSS Office Ventures II, LLC 2. Tenant: City of Philadelphia 3. Premises Address: 1930 South Broad Street, Philadelphia, PA 4. Use of the Premises: Adding 5,959 rentable square feet ("Additional Space") to an existing lease for use by the City and its operating departments as office, laboratory, and pharmacy space. 5. Term: The Term for the Additional Space will run concurrent with the existing agreement term of twenty nine and one half (29 1/2 ) years 6. Rent: Base rent for the Additional Space shall be the same as the base rent for the existing space for the remainder of the term. Rent for both the Additional Space and existing space shall start at approximately $26.62 per rentable square foot for Lease Years 1 and 2. After, rent shall escalate at a rate of approximately 5% after Lease Year 2 and Lease Year 5 and 10% after Lease Years 10, 15, 20, and 26. 7. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. With the Additional Space and the existing space, the total proportionate share of operating expenses is approximately 10.196%. 8. Tenant Improvements: Landlord shall fit out the Additional Space based on a mutually accepted plan. ..End