Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement, including a lease amendment, for a portion of the premises at 1341 N. Delaware Ave. for general office and administrative use by the City, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property is hereby authorized, on behalf of the City of Philadelphia, to enter into a multi-year lease and related agreements, including a lease amendment, with the City as tenant, for general office and administrative use of all or a portion of the premises generally referred to as 1341 N. Delaware Ave., pursuant to terms substantially set forth in Exhibit A.
SECTION 2. The Commissioner of Public Property is hereby authorized to take all actions deemed by the Commissioner to be necessary and appropriate to carry out the provisions and intent of this Ordinance, including executing and amending any and all instruments and ancillary documents that are necessary and appropriate.
SECTION 3. The City Solicitor is hereby authorized to review, negotiate, amend and approve the various leases, lease amendments and all other instruments and documents necessary and appropriate to effectuate this Ordinance, which leases, lease amendments, instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary, desirable, and proper to protect the interests of the City of Philadelphia.
EXHIBIT A
Terms of Proposed Lease Amendment
For 1341 N. Delaware Ave.
1. Landlord: Penn Treaty Venture LLC.
2. Tenant: City of Philadelphia.
3. Premises Address: 1341 N. Delaware Ave., Philadelphia, PA 19125.
4. Use of the Premises: General office and administrative purposes, and any associated use customarily incidental to conducting the City's functions in office buildings.
5. Term of Lease Amendment: Ten (10) years,...
Click here for full text