Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with the Philadelphia Municipal Authority for further sublease to Philadelphia Biosolids Services, LLC., a certain portion of a parcel of ground located at 7800 Penrose Ferry Road; 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 to enter into a lease agreement ("Master Lease") with the Philadelphia Municipal Authority ("PMA") of a certain portion of a parcel of ground located at 7800 Penrose Ferry Road, Philadelphia ("Premises"), which Lease shall be substantially in the form set forth in Exhibit "A" attached hereto, with such changes as the City Solicitor deems necessary or appropriate to protect the interests of the City, and which Premises PMA shall sublease to Philadelphia Biosolids Services, LLC., under a sublease agreement which shall be substantially in the form set forth in Exhibit "B" attached hereto, the Premises being more fully described as follows:
All that certain lot or piece of ground situate in the 40th Ward of the City of Philadelphia, described as follows:
BEGINNING at a point located the two following courses from the point of a railroad spike in the bed of Penrose Ferry Road (150 wide, legally open). Said railroad spike being North 83?53'56" East, a distance of 75.020 feet from the midpoint of the East Face of the Forth Pier south of Platt (Penrose Avenue) Bridge, on the west side of the Schuylkill River and the intersection of this line with the center point of the CSX Transportation, Inc.'s Railroad Right-of-way (former Philadelphia, Baltimore and Washington Railroad); Thence, a) Extending from said Railroad Spike, South 28?18'52" East, a distance of 44.290 feet to a point; Thence, b) Leaving said line and extending South 61?41'57" West, a distance of 68.101 feet to a point; Said ...
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