City of Philadelphia - File #: 180177

• File #: 180177
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 3/1/2018
• In control: Committee on Public Property and Public Works
• Final action: 5/10/2018
• Title: Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement with Roxborough Development Corporation, for use by the Corporation of all or a portion of the premises located at 463-65 Leverington Avenue, under certain terms and conditions.
• Sponsors: Councilmember Jones
• Indexes: AGREEMENTS

Date	Ver.	Action By	Action	Result	Tally
5/22/2018	0	MAYOR	SIGNED
5/10/2018	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
5/3/2018	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
5/3/2018	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
5/3/2018	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
4/30/2018	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
4/30/2018	0	Committee on Public Property and Public Works	HEARING HELD
4/30/2018	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
3/1/2018	0	CITY COUNCIL	Introduced and Referred	Pass

Title

Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement with Roxborough Development Corporation, for use by the Corporation of all or a portion of the premises located at 463-65 Leverington Avenue, 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 Roxborough Development Corporation, with City as landlord, for use by the Corporation of all or a portion of the premises located at 463-65 Leverington 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 lease and 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 463-65 Leverington Avenue, Philadelphia, PA

1.                        Landlord:  The City of Philadelphia 

2.                     Tenant:  Roxborough Development Corporation

3.                     Premises Address:  463-65 Leverington Avenue, Philadelphia, PA

4.                     Use of the Premises:                      Approximately 44,020 square feet, to be used for a public parking lot.

5.                     Term of Lease:  15 years; provided, however, the City (in accordance with Section 8-200(3) of the Philadelphia Charter) shall have right to terminate the City’s financial obligation for paying storm water charges under the Lease, at the City’s sole option, at any time after the expiration of four years without liability to the Landlord for damage or loss of profits which would have been realized had the Lease not been terminated.   

6.                     Renewal Terms:  Tenant shall have two (2) five (5) year renewal options.

7.                     Rent:  Nominal rent 

8.                     Operating Expenses:  The City shall be responsible for paying all storm water costs for the Premises. 

End