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BillENACTED

Bill 241031

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 by the City of a portion of the premises located at 1 S. Broad Street, Philadelphia, Pennsylvania, under certain terms and conditions.

Introduced Oct 31, 2024Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember SquillaCouncilmember Bass

How members voted

  1. Vote on Dec 12, 2024 · CITY COUNCIL

    Aye (16)

    Councilmember BassCouncilmember DriscollCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember HarrityCouncilmember JonesCouncilmember LozadaCouncilmember O'NeillCouncilmember PhillipsCouncilmember SquillaCouncilmember ThomasCouncilmember AhmadCouncilmember LandauCouncilmember O'RourkeCouncilmember YoungCouncil President Johnson

    Absent (1)

    Councilmember Brooks

From the floor

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

  1. “260338, an ordinance authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to grant PECO Energy Company an easement for the purpose of accessing, installing, maintaining, and repairing underground transformers and supporting infrastructure along and adjacent to a portion of the Pennypack Path in and about the area commonly known as 7801 State Road, under certain terms and conditions.…”

    Chief Clerk · Stated Meeting, May 7, 2026 · May 7, 2026 · official transcript, this passage

  2. “The Committee on Public Property and Public Works to which we referred the following bills: Bill No. 251067, an ordinance authorizing real estate transaction by the Commissioner of Public Property, the Philadelphia Redevelopment Authority, and the Philadelphia Land Bank necessary to permit the city of Philadelphia to acquire property bounded by Island Avenue, Elmwood Avenue, South 77th Street, Buist Avenue, South 78t…”

    Chief Clerk · Stated Meeting, April 30, 2026 · Apr 30, 2026 · official transcript, this passage

  3. “To the President and the members of the Council of the City of Philadelphia, I'm submitting herewith for the consideration of your honorable body the following proposed: An ordinance amending Title 4 of The Philadelphia Code, entitled "The Philadelphia Building Construction and Occupancy Code," by amending Subcode "R" (The Philadelphia Residential Code) and adopting the 2021 edition of the "International Residential…”

    Chief Clerk · Stated Meeting, April 16, 2026 · Apr 16, 2026 · official transcript, this passage

  4. “An ordinance amending Bill No. 241031 (approved January 15, 2025), entitled "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 by the City of a portion of the premises located at 1 South Broad Street, Philadelphia, Pennsylvania, under certain terms and conditions," to authorize the lease of addi…”

    Chief Clerk · Stated Meeting, April 16, 2026 · Apr 16, 2026 · official transcript, this passage

  5. “Bill No. 240871, an ordinance to amend the Philadelphia Zoning Maps by changing the zoning designations of certain areas of land located within an area bounded by Broad Street, Medary Avenue, Park Avenue and Godfrey Avenue; and Bill No. 241054, an ordinance amending Section 14-520 of The Philadelphia Code, entitled "/NDO, Ninth District Overlay District," by reorganizing existing requiring special exceptions for cert…”

    Chief Clerk · Stated Meeting, December 12, 2024 · Dec 12, 2024 · official transcript, this passage

  6. “The Committee on Public Property and Public Works to which were referred the following bills: Bill No. 241022, an ordinance 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 a portion of the premises located at 2401 Walnut Street, Philadelphia, Pennsylvania, under certain terms and conditions. And Bill No…”

    Chief Clerk · Stated Meeting, December 5, 2024 · Dec 5, 2024 · official transcript, this passage

Status timeline

  1. Oct 31, 2024Introduced and Referred · CITY COUNCIL
  2. Nov 22, 2024HEARING NOTICES SENT · Committee on Public Property and Public Works
  3. Dec 2, 2024HEARING NOTICES SENT · Committee on Public Property and Public Works
  4. Dec 2, 2024HEARING HELD · Committee on Public Property and Public Works
  5. Dec 2, 2024REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
  6. Dec 5, 2024SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  7. Dec 5, 2024ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Dec 5, 2024ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Dec 12, 2024READ AND PASSED · CITY COUNCIL
  10. Jan 15, 2025SIGNED · 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 Municipal Authority, for use by the City of a portion of the premises located at 1 S. Broad Street, 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, with the City as subtenant, for use by the City of a portion of the premises located at 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 pursuant to terms substantially set forth in Exhibit "A". SECTION 2. The Commissioner of Public Property is hereby authorized to take all actions deemed by the Commissioner to be necessary and appropriate to carry out the provisions and intent of this Ordinance, including executing all instruments and ancillary documents necessary and appropriate for the City to carry out the purposes of this Ordinance. SECTION 3. The City Solicitor is authorized to review, negotiate, and approve the sublease and all ancillary documents deemed by the City Solicitor to be necessary and appropriate to carry out the provisions and intent of this Ordinance, which sublease and documents shall contain such terms and conditions deemed by the City Solicitor to be necessary, desirable, and in the best interests of the City of Philadelphia to carry out the purpose of this Ordinance. EXHIBIT "A" Terms of Proposed Sublease For 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 1. Landlord: Broad One L.P. 2. Tenant/Sublandlord: Philadelphia Municipal Authority 3. Subtenant: City of Philadelphia 4. Premises Address: 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 5. Use of the Premises: Approximately 18,439 rentable square feet for office use. 6. Term of Lease: Fifteen (15) years 7. Renewal Term: The City shall have one (1) five (5) year renewal option. 8. Rent: Base rent for Lease Year 1 will be $15.75 per square foot and shall escalate at a rate of approximately 6% after Lease Year 3, Lease Year 6, Lease Year 9, and Lease Year 12. Should the City exercise its renewal term option, the base rent will be escalated at a rate of approximately 10% after Lease Year 15 and remain at the same base rent rate for the remaining years of the renewal term. The total base rent for Lease Year 1 will be $290,414.25. 9. Utilities: The City is not responsible for utilities. 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 $737,560.00. ..End