Title
Transmitting a bill authorizing the Director of Commerce and the Commissioner of Public Property, on behalf of The City of Philadelphia (the "City") to execute and deliver, and consenting to the execution and delivery by Philadelphia Authority for Industrial Development ("PAID") of, agreements with the Commonwealth which shall provide that upon the occurrence of certain events described in this Ordinance, the Commonwealth shall have the option to purchase for One Dollar ($1.00) a one-third interest in the respective interests of the City and PAID in said baseball ballpark facility, or said football stadium facility, as the case may be, and shall further provide that neither the City nor PAID shall permit the use of said baseball ballpark facility or said football stadium facility by or for, or enter into any lease, license, concession agreement, agreement of sale or other agreement which would permit the use or occupancy of said baseball ballpark facility or said football stadium facility by or for, certain professional baseball and football teams which now or hereafter conduct their home games elsewhere in the Commonwealth of Pennsylvania.
AND
Transmitting a bill authorizing the Commissioner of Public Property, the Director of Commerce and the Recreation Commissioner, on behalf of The City of Philadelphia (the "City"), to execute and deliver a First Amendment to Lease Agreement (the "First Amendment - City Lease") by and between the City and Philadelphia Authority for Industrial Development ("PAID") with respect to that certain Lease Agreement dated July 12, 1994 by and between the City and PAID concerning certain premises lying between Broad Street and Eleventh Street north of the right-of-way of Interstate 95 (the "Arena Premises"); to execute and deliver a Second Amendment to City - PAID Development Parcel Lease (the "Second Amendment - Development Lease") by and between the City and PAID with respect to that certain Lease Agreement dated July 11,...
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