Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement for use by the City of all or a portion of the premises located at 9300 Ashton Road, 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 enter into a lease, for use by the City, of all or a portion of the premises located at 9300 Ashton Road, Philadelphia, PA 19114 pursuant to terms substantially set forth in Exhibit “A”.
SECTION 2. The City Solicitor is hereby authorized to review and to approve the lease and all other documents necessary to effectuate this Ordinance, which lease and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City of Philadelphia and to carry out the purpose of this Ordinance.
EXHIBIT “A”
Terms of Proposed Lease
For 9300 Ashton Road, Philadelphia, PA 19114
1. Landlord: HBF Properties, LP
2. Tenant: City of Philadelphia
3. Premises Address: 9300 Ashton Road, Unit 3, Philadelphia, PA 19114
4. Use of the Premises: Approximately 27,906 rentable square feet to be used for the storage of Department of Public Property equipment, vehicles, and governmental 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. Rent: The annual base rent will be $12.00 per rentable square foot for years 1-5; $13.00 per rentable square foot for lease years 6-10; $14.00 per rentable square foot for years 11-15. At approximately 27,906 rentable square feet, the first year’s annual base rent will be approximately $334,872.00.
7. 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 the City’s behalf.
8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses.
9. Landlord’s Work: Landlord shall fit out the Premises based on a mutually accepted plan for the Landlord’s Work. All Landlord’s Work shall be performed at Landlord’s sole cost and expense.
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