City of Philadelphia - File #: 070794

• File #: 070794
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 9/27/2007
• In control: Committee on Public Property and Public Works
• Final action: 10/25/2007
• Title: Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement between the City and the Philadelphia Authority for Industrial Development ("PAID") providing for the leasing to PAID of a certain City owned building located at 2529-33 West Lehigh Avenue for further sublease to the Philadelphia Public Access Corporation, a nonprofit corporation to be incorporated by the City, all under certain terms and conditions.
• Sponsors: Councilmember Clarke
• Indexes: PAID

Date	Ver.	Action By	Action	Result	Tally
11/9/2007	0	MAYOR	SIGNED
10/25/2007	0	CITY COUNCIL	READ
10/25/2007	0	CITY COUNCIL	PASSED	Pass	17:0
10/18/2007	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/18/2007	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
10/18/2007	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
10/10/2007	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
10/10/2007	0	Committee on Public Property and Public Works	HEARING HELD
10/10/2007	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
9/27/2007	0	CITY COUNCIL	Introduced	Pass
9/27/2007	0	CITY COUNCIL	Referred

Title
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement between the City and the Philadelphia Authority for Industrial Development ("PAID") providing for the leasing to PAID of a certain City owned building located at 2529-33 West Lehigh Avenue for further sublease to the Philadelphia Public Access Corporation, a nonprofit corporation to be incorporated by the City, all 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 enter into a lease agreement (the "Lease") between the City and the Philadelphia Authority for Industrial Development ("PAID") providing for the leasing to PAID of a certain City owned building on the north side of West Lehigh Avenue located at 2529-33 West Lehigh Avenue, for further sublease to the Philadelphia Public Access Corporation, a nonprofit corporation to be incorporated by the City under Pennsylvania law. The terms of the Lease shall be substantially in accordance with the Term Sheet attached hereto as Exhibit A and incorporated herein by reference.

SECTION 2. The City Solicitor is hereby authorized to prepare and approve all instruments and documents necessary to effectuate this Ordinance, containing such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City and to carry out the purpose of this Ordinance.



EXHIBIT A

TERM SHEET

Building: The City-owned building formerly occupied by the Widener Branch of the Free Library of Philadelphia, located at 2529-33 West Lehigh Ave, Philadelphia, PA, 19132.

Tenant: The Philadelphia Authority for Industrial Development

Subtenant: The Philadelphia Public Access Corporation, to be incorporated by the City as a Pennsylvania nonprofit corporation prior to the execution and effective date of the lease...