City of Philadelphia - File #: 040472

• File #: 040472
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/6/2004
• In control: Committee on Public Property and Public Works
• Final action: 6/10/2004
• Title: Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to extend the term of an agreement to sublease from the Philadelphia Municipal Authority the building located at 111-131 W. Hunting Park Avenue, and to purchase fee simple title to the land and improvements thereon known as 111-131 W. Hunting Park Avenue, all under certain terms and conditions.
• Sponsors: Councilmember Clarke

Date	Ver.	Action By	Action	Result	Tally
6/21/2004	0	MAYOR	SIGNED
6/10/2004	0	CITY COUNCIL	READ
6/10/2004	0	CITY COUNCIL	PASSED	Pass	17:0
6/3/2004	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/3/2004	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/3/2004	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
5/27/2004	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
5/27/2004	0	Committee on Public Property and Public Works	HEARING HELD
5/27/2004	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/6/2004	0	CITY COUNCIL	Referred
5/6/2004	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to extend the term of an agreement to sublease from the Philadelphia Municipal Authority the building located at 111-131 W. Hunting Park Avenue, and to purchase fee simple title to the land and improvements thereon known as 111-131 W. Hunting Park Avenue, all 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 extend the term of the Sublease of April 3, 2002 (the "Sublease"), pursuant to which the City leases from the Philadelphia Municipal Authority the building located at 111-131 W. Hunting Park Avenue, for an additional four years, thereafter renewable at the City's sole option for an additional five years, then for a second additional five years, and then for a third additional five years.

SECTION 2. The Commissioner of Public Property, on behalf of the City, is hereby authorized to purchase fee simple title to the land and improvements thereon known as 111-131 W. Hunting Park Avenue and more particularly described in Exhibit "A" attached hereto. The City's consideration for the purchase of this property shall be as set forth in Exhibit "B" attached hereto.

SECTION 3. The City Solicitor is hereby authorized to review and to approve all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City.


EXHIBIT "A"
Legal Description

ALL THAT CERTAIN lot or piece of ground with the buildings and improvements thereon erected, Situate in the 42nd Ward of the City of Philadelphia, and described according to a Survey Plan of Property made by James E. Shomper, Surveyor and Regulator of the...