Bill 250486

..Title Authorizing the Commissioner of Health and the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into agreements with the Philadelphia Authority for Industrial Development for the development of a mixed-use condominium and Health Center facility on premises located on Frankford Avenue in the vicinity of Pratt Street and Dyre Street; owned by FCDC Development Properties I LLC or an affiliated entity, and authorizing the Commissioner of Public Property to enter into a long-term lease or sublease agreement for the occupancy and operation of the Heath Center facility on said premises; and authorizing the Commissioner of Public Property to acquire fee simple title to, or a lesser interest in, the completed Health Center facility, including a condominium unit, or to facilitate the transfer of title in the completed Health Center facility, including a condominium unit, to the Philadelphia Authority for Industrial Development or the Philadelphia Municipal Authority for the benefit of the City, all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commissioner of Health and the Commissioner of Public Property, on behalf of the City of Philadelphia, are hereby authorized to enter into agreements with the Philadelphia Authority for Industrial Development ("PAID") for PAID to finance the development of a mixed-use condominium project containing a City Heath Center facility on premises located on Frankford Avenue in the vicinity of Pratt Street and Dyre Street; owned by FCDC Development Properties I LLC or an affiliated entity; and authorizing the Commissioner of Public Property to acquire fee simple title to, or a lesser interest in, the completed Health Center facility, or to facilitate the transfer of title in the completed Health Center premises, including a condominium unit, to PAID or the Philadelphia Municipal Authority ("PMA") for the benefit of the City, subject to the terms and conditions set forth in Exhibit A. SECTION 2. The Commissioner of Public Property, on behalf of the City of Philadelphia, is hereby authorized to enter into a long-term lease or sublease with PAID or PMA for the City, its sublessees and others to occupy and operate the Health Center premises. SECTION 3. The Commissioner of Public Property, on behalf of the City of Philadelphia, is hereby authorized to take fee simple title to or a lesser interest in, or to enter into various agreements with PAID or PMA to take fee simple title to or a lesser interest in, the completed Health Center premises, including a condominium unit. SECTION 4. The Commissioner of Health and the Commissioner of Public Property, on behalf of the City of Philadelphia, are hereby authorized to take all actions deemed necessary and appropriate to carry out the provisions and intent of this Ordinance, including executing such other agreements, leases, subleases and other instruments and documents required to effectuate the purposes of this Ordinance. SECTION 5. The City Solicitor is hereby authorized to review, to negotiate and to approve the various agreements, leases, subleases and all other instruments and documents necessary and appropriate to effectuate this Ordinance, which agreements, leases, subleases, instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary, desirable, and proper to protect the interests of the City of Philadelphia. ..End