Bill 230844
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease with the Philadelphia Municipal Authority, for use by the City, of all or a portion of the premises located at 2844 Frankford Avenue, Philadelphia, Pennsylvania, under certain terms and conditions.
Introduced by
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.
How members voted
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.
“230830, entitled "An ordinance authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with The Leon Sullivan Charitable Trust, for use by the City, of all or a portion of the premises located at 1415 North Broad Street"; and Bill No. 230831, entitled "An ordinance authorizing the Commissioner of Public Property to enter into a sublease with the Philadel…”
Chief Clerk · Stated Meeting, December 14, 2023 · Dec 14, 2023 · official transcript, this passage
“230835, entitled "An ordinance authorizing the Commissioner of Public Property to acquire fee simple title or a lesser real estate interest to all or 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…”
Chief Clerk · Stated Meeting, December 7, 2023 · Dec 7, 2023 · official transcript, this passage
Status timeline
- Nov 16, 2023Introduced and Referred · CITY COUNCIL
- Dec 5, 2023HEARING NOTICES SENT · Committee on Public Property and Public Works
- Dec 5, 2023HEARING HELD · Committee on Public Property and Public Works
- Dec 5, 2023REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
- Dec 7, 2023SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Dec 7, 2023ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Dec 14, 2023READ AND PASSED · CITY COUNCIL
- Dec 20, 2023SIGNED · 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 with the Philadelphia Municipal Authority, for use by the City, of all or a portion of the premises located at 2844 Frankford Avenue, Philadelphia, Pennsylvania, 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, for use by the City, of all or a portion of the premises located at 2844 Frankford Avenue, 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 and to carry out the purpose of this Ordinance. EXHIBIT "A" Terms of Proposed Lease For 2844 Frankford Ave, Philadelphia, PA 1. Landlord: 804 North Broad Street Partners, LLC 2. Tenant: Philadelphia Municipal Authority 3. Subtenant: City of Philadelphia 4. Premises Address: 2844 Frankford Ave, Philadelphia, PA 5. Use of the Premises: Approximately 27,000 rentable square feet of warehouse and office space to be used as office space and vehicle storage by Philadelphia Fire Department or for any other lawful government use. The premises shall also include the entire 14,000 square foot parking lot. 6. Term of Lease: Ten (10) years 7. Tenant Renewal Option: Tenant shall have two (2) renewal options consisting of one (1) ten (10) year renewal option and one (1) nine (9) year renewal option. 8. Rent: Base rent during Lease Year 1 will be approximately $7.25 per rentable square foot for the building and shall escalate at a rate of approximately 2.5% per year over the term. The total base rent for Lease Year 1 for the building will be approximately $195,750.00. Base rent during Lease Year 1 will be approximately $4.29 per square foot for the parking lot and shall escalate at a rate of approximately 2.5% per year over the term. The total base rent for Lease Year 1 for the parking lot shall be approximately $60,000.00. 9. Utilities: The City shall pay directly through City's own accounts, or, if not billed directly shall reimburse the cost of utilities paid on City's behalf. 10. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 11. Tenant Improvements: Landlord shall fit out the Premises based on a mutually accepted space plan and provide a tenant improvement allowance of $250,000. ..End