Title
Authorizing the Commissioner of Public Property, on behalf of The City of Philadelphia, to amend an existing sublease agreement between the Philadelphia Municipal Authority as landlord and The City of Philadelphia as tenant, for use of certain office space located at 1327-39 Chestnut Street, 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 amend its sublease agreement with the Philadelphia Municipal Authority as landlord and The City of Philadelphia as tenant for office space occupied by the District Attorney's Office at 1327-39 Chestnut Street to increase the size of the demised premises by 24,000 rentable square feet.
SECTION 2. The sublease amendment shall be substantially in the form set forth in Exhibit "1" attached hereto with such changes as the City Solicitor deems necessary or appropriate to protect the interests of the City.
EXHIBIT "1" (to Ordinance)
FIRST AMENDMENT TO SUBLEASE
THIS FIRST AMENDMENT TO SUBLEASE (this "Amendment") dated the ___ day of August, 2010, between THE PHILADELPHIA MUNICIPAL AUTHORITY, a municipal authority organized under the Pennsylvania Municipal Authorities Act of 1945 (hereinafter referred to as the "Authority") and the CITY OF PHILADELPHIA, a body politic and corporate organized under the laws of the Commonwealth of Pennsylvania, acting through its Department of Public Property (the "City").
Background
A. The Authority, as tenant, entered into a lease dated August 1, 2005 (the "Master Lease") with Chestnut Street Realty Limited Partnership and Widener Partners, L.P., for approximately one hundred seventy six thousand one hundred and fourteen (176,114) rentable square feet in the Widener Building, also known as 1327-39 Chestnut Street, Philadelphia, Pennsylvania (the "Premises").
B. On July 1, 2005, the Authority and the City ente...
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