City of Philadelphia - File #: 150375

• File #: 150375
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 4/23/2015
• In control: Committee of the Whole
• Final action: 6/18/2015
• Title: Authorizing the Commissioner of Public Property, the Director of Commerce, and other officials of the City to execute or approve various agreements and other matters by and among the City, the Philadelphia Redevelopment Authority, the Philadelphia Authority for Industrial Development, and others relating to the redevelopment, operation, and maintenance of properties located on the north side of Market Street between 8th and 11th Streets in the City and commonly known as the Gallery Mall; all under certain terms and conditions.
• Sponsors: Councilmember Squilla
• Indexes: AGREEMENTS, PAID, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
6/18/2015	0	CITY COUNCIL	READ AND PASSED	Pass	15:0
6/18/2015	0	MAYOR	SIGNED
6/4/2015	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/4/2015	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/4/2015	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/3/2015	0	Committee of the Whole	HEARING NOTICES SENT
6/3/2015	0	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/28/2015	0	Committee of the Whole	HEARING NOTICES SENT
5/28/2015	0	Committee of the Whole	HEARING HELD
5/28/2015	0	Committee of the Whole	RECESSED
4/23/2015	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Authorizing the Commissioner of Public Property, the Director of Commerce, and other officials of the City to execute or approve various agreements and other matters by and among the City, the Philadelphia Redevelopment Authority, the Philadelphia Authority for Industrial Development, and others relating to the redevelopment, operation, and maintenance of properties located on the north side of Market Street between 8th and 11th Streets in the City and commonly known as the Gallery Mall; all under certain terms and conditions.

Body
WHEREAS, the City and the Philadelphia Redevelopment Authority (then known as the Redevelopment Authority of the City of Philadelphia and referred to herein as the "Redevelopment Authority") formulated and carried out certain plans for the redevelopment and renewal of properties on the north side of Market Street between 8th and 11th Streets commonly known as the Gallery Mall (the "Gallery Mall"); and

WHEREAS, the City and the Redevelopment Authority have since determined that the Gallery Mall would benefit from further redevelopment by PR Gallery I Limited Partnership and Keystone Philadelphia Properties, LP (together with their respective successors and assigns, the "Redeveloper"); and

WHEREAS, the Redeveloper and its affiliates have proposed a plan for redevelopment of the Gallery Mall with an anticipated cost of no less than $300,000,000; and

WHEREAS, such redevelopment of the Gallery Mall will require certain transfers of interests in real estate which require authorization by City Council, including, without limitation, the acceptance by the City of an assignment of the Redevelopment Authority's easement rights ("Public Access Easement") with respect to a public access area ("Public Access Area") that extends from 8th Street to 11th Street at the concourse level of the Gallery Mall and provides access to the regional transportation hub beneath and adjacent to the Gallery Mall; and

WHEREAS, such red...