Title
Authorizing the Commissioner of Public Property and the Parks and Recreation Commissioner, on behalf of the City of Philadelphia, to lease from the School District of Philadelphia certain land and improvements known as a portion of South Philadelphia High School, owned by the School District of Philadelphia, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property and the Parks and Recreation Commissioner are hereby authorized to enter into a lease with the School District of Philadelphia to lease certain land and improvements known as a portion of South Philadelphia High School (the "Premises"). The School District of Philadelphia owns the Premises and will enter into a lease leasing the Premises to the City. The lease and agreement must be based substantially on the terms set forth in the term sheet attached to this Ordinance as Exhibit "A." The Premises is generally as shown in the Map of the Premises attached as Exhibit "B."
SECTION 2. The City Solicitor is hereby authorized to review and to approve, prior to execution, 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"
Terms of proposed Lease Agreement between the School District of Philadelphia and the City of Philadelphia for certain land and improvements known as a portion of South Philadelphia High School.
1. Exhibit "A" Definitions:
"City" means the City of Philadelphia.
"The District" means the School District of Philadelphia.
"Premises" means a portion of the land and improvements known as the South Philadelphia High School and as generally shown in the attached as Exhibit B.
2. Basic Structure of Lease Transaction:
i) The District will lease the Premises to the C...
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