City of Philadelphia - File #: 230858

• File #: 230858
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/16/2023
• In control: Committee on Public Property and Public Works
• Final action: 12/14/2023
• Title: Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into an amendment to a sublease with the Philadelphia Municipal Authority, for use by the City, of an additional portion of the premises located at 1327-29 Chestnut Street, Philadelphia, Pennsylvania, under certain terms and conditions.
• Sponsors: Councilmember Squilla, Councilmember Bass
• Indexes: PUBLIC PROPERTY

Date	Ver.	Action By	Action	Result	Tally
12/20/2023	0	MAYOR	SIGNED
12/14/2023	0	CITY COUNCIL	READ AND PASSED	Pass	15:0
12/7/2023	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL
12/7/2023	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/5/2023	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
12/5/2023	0	Committee on Public Property and Public Works	HEARING HELD
12/5/2023	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/16/2023	0	CITY COUNCIL	Introduced and Referred

Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into an amendment to a sublease with the Philadelphia Municipal Authority, for use by the City, of an additional portion of the premises located at 1327-29 Chestnut Street, Philadelphia, Pennsylvania, 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 an amendment to a sublease agreement with the Philadelphia Municipal Authority, for use by the City, of an additional portion of the premises located at 1327-29 Chestnut Street, 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 sublease amendment and other documents necessary to effectuate this Ordinance, which sublease amendment and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City and to carry out the purpose of this Ordinance.


EXHIBIT "A"

Terms of Proposed Sublease Amendment
For 1327-29 Chestnut Street, Philadelphia, PA


1. Landlord: Chestnut Street Realty Limited Partnership, LP

2. Tenant/Sublandlord: Philadelphia Municipal Authority

3. Subtenant: City of Philadelphia

4. Premises Address: 1327-29 Chestnut Street, Philadelphia, PA

5. Use of the Premises: Adding 26,585 rentable square feet, to be used for office space, to an existing sublease (the "Expansion Premises").
6. Term of Sublease: The term for the Expansion Premises is effective upon execution with an expiration date of December 31, 2032, to coincide with the remaining term of the existing sublease.

7. Rent: The annual base rent for the Expansion Premises will be approximately $25.00 per rentable square foot until Januar...