City of Philadelphia - File #: 080540

• File #: 080540
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 6/5/2008
• In control: Committee on Parks, Recreation and Cultural Affairs
• Final action: 6/19/2008
• Title: Authorizing the Commissioner of Public Property and the Executive Director of Fairmount Park to enter into an air rights license agreement with Main Street Partners, LP allowing Main Street Properties, LP to construct a deck over a certain portion of the Manayunk Canal Towpath at 2 Rector Street under certain terms and conditions.
• Sponsors: Councilmember Jones, Councilmember Reynolds Brown
• Indexes: FAIRMOUNT PARK COMMISSION

Date	Ver.	Action By	Action	Result	Tally
7/2/2008	0	MAYOR	SIGNED
6/19/2008	0	CITY COUNCIL	READ
6/19/2008	0	CITY COUNCIL	PASSED	Pass	17:0
6/12/2008	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/12/2008	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/12/2008	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/11/2008	0	Committee on Parks, Recreation and Cultural Affairs	HEARING NOTICES SENT
6/11/2008	0	Committee on Parks, Recreation and Cultural Affairs	HEARING HELD
6/11/2008	0	Committee on Parks, Recreation and Cultural Affairs	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/5/2008	0	CITY COUNCIL	Referred
6/5/2008	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing the Commissioner of Public Property and the Executive Director of Fairmount Park to enter into an air rights license agreement with Main Street Partners, LP allowing Main Street Properties, LP to construct a deck over a certain portion of the Manayunk Canal Towpath at 2 Rector Street under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Commissioner of Public Property and the Executive Director of Fairmount Park are hereby authorized to enter into an air rights license agreement with Main Street Partners, LP allowing Main Street Properties, LP to construct a deck over a certain portion of the Manayunk Canal Towpath at a property located at 2 Rector Street under certain terms and conditions.

SECTION 2. The terms of the proposed air rights license agreement shall be substantially similar to the terms set forth in Terms Sheet attached hereto as Exhibit "1", with such changes as the City Solicitor deems necessary or appropriate to protect the interests of the City.


EXHIBIT "1"

TERMS FOR PROPOSED AIR RIGHTS LICENSE AGREEMENT


1. Licensor: City of Philadelphia/Fairmount Park Commission
Licensee: Main Street Properties, LP

2. Property Address/ Bourbon Blue, 2 Rector Street in Manayunk. Deck Location of Deck to be located above the Manayunk canal towpath.

3. Size of Deck: Approximate 410 square foot deck.

4. Commencement Date: The earlier of the opening of the deck or April 1, 2009.

5. Initial Term: 5 years

6. Renewal Options Two (2) renewal periods of five (5) years each. Periods: Each option will be exercised on the mutual agreement of all three parties (Licensee, Property Owner and Business Owner).

7. Base License Fee: $20.00 per square foot for year one with annual percentage increases based upon the Philadelphia Area Consumer Price Index (CPI). License Fee may be paid on an annual basis (12 mont...