Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into an amendment to a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1600-26 John F Kennedy Boulevard, Philadelphia, Pennsylvania, 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 a sublease agreement with the Philadelphia Municipal Authority, with the City as subtenant, for use by the City of a portion of the premises located at 1600-26 John F Kennedy Boulevard, Philadelphia, Pennsylvania, 19103 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 all instruments and ancillary documents necessary and appropriate for the City to carry out the purposes of this Ordinance, which sublease amendment and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City of Philadelphia.
SECTION 3. The City Solicitor is authorized to review, negotiate, and approve the sublease amendment and all ancillary documents deemed by the City Solicitor to be necessary and appropriate to carry out the provisions and intent of this Ordinance, which sublease amendment and documents shall contain such terms and conditions deemed by the City Solicitor to be necessary, desirable, and in the best interests of the City of Philadelphia to carry out the purpose of this Ordinance.
EXHIBIT “A”
Terms of Proposed Sublease Amendment
For 1600-26 John F. Kennedy Boulevard, Philadelphia, Pennsylvania, 19103
Landlord: Four Penn Center Owner, LLC
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