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BillENACTED

Bill 230854

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with NF 6601 New State Road Partners, L.P., for use by the City, of all or a portion of the premises located at 6601 New State Road, Philadelphia, Pennsylvania, under certain terms and conditions.

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

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

From the floor

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

  1. 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

  2. 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

  1. Nov 16, 2023Introduced and Referred · CITY COUNCIL
  2. Dec 5, 2023HEARING NOTICES SENT · Committee on Public Property and Public Works
  3. Dec 5, 2023HEARING HELD · Committee on Public Property and Public Works
  4. Dec 5, 2023REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
  5. Dec 7, 2023SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  6. Dec 7, 2023ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Dec 14, 2023READ AND PASSED · CITY COUNCIL
  8. Dec 20, 2023SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

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..Title Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with NF 6601 New State Road Partners, L.P., for use by the City, of all or a portion of the premises located at 6601 New State Road, 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 lease agreement with NF 6601 New State Road Partners, L.P., for use by the City, of all or a portion of the premises located at 6601 New State Road, 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 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 For 6601 New State Road, Philadelphia, PA 1. Landlord: NF 6601 New State Road Partners, L.P. 2. Tenant: City of Philadelphia 3. Premises Address: 6601 New State Road, Philadelphia, PA 19135 4. Use of the Premises: Approximately 25,068 rentable square feet plus the exterior parking area to be used as a warehouse and office space 5. Term of Lease: Fifteen (15) years, provided, however, that the City in accordance with Section 8-200(3) of the Philadelphia Home Rule Charter, shall have the right to terminate the Lease, at the City's sole option, at any time after the expiration of four (4) 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: One (1) five (5) year renewal at the City's option 7. Rent: Base rent during Lease Year 1 will be $6.67 per rentable square foot and shall escalate at a rate of approximately 10% every five (5) years over the fifteen (15) year term and the renewal term, if exercised. The total base rent for Lease Year 1 will be $167,203.56. 8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 9. Utilities: The City shall pay directly through the City's own accounts or, if not billed directly, shall reimburse the cost of utilities paid on City's behalf. 10. Tenant Improvements: Landlord shall provide the City with a $400,000.00 tenant improvement allowance. ..End