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 a certain portion of a parcel of ground located at the Northeast Water Pollution Control Plant, 3899 Richmond Street, Philadelphia, Pennsylvania; 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, as landlord, is hereby authorized to enter into a lease agreement with the Philadelphia Municipal Authority, as landlord, for a premises located at 3899 Richmond Street, Philadelphia, Pennsylvania, pursuant to terms substantially set forth in the document attached hereto as Exhibit "A".
SECTION 2. The City Solicitor is hereby authorized to review and to approve the lease and other documents necessary to effectuate this Ordinance, and to impose such terms and conditions on them as the City Solicitor may deem necessary and proper to protect the interests of the City of Philadelphia and to carry out the purpose of this Ordinance.
EXHIBIT A
SITE LEASE
THIS SITE LEASE AGREEMENT (the "Site Lease") is dated as of the______ day of __________, 2011, by and between, THE CITY OF PHILADELPHIA a body corporate and politic organized and existing under the laws of the Commonwealth of Pennsylvania (the "Landlord"), and THE PHILADELPHIA MUNICIPAL AUTHORITY, (the "Tenant").
WITNESSETH:
WHEREAS, the Landlord, a Pennsylvania municipal corporation acting by and through its Water Department, operates the Northeast Water Pollution Control Plant ("Northeast WPC Plant") at certain property owned by the City and located on Richmond Street in the City of Philadelphia, Pennsylvania; and
WHEREAS, the Landlord and the Tenant have entered into a facility lease (the "Facility Lease") for the construction, installation, financing and maintenance of a ...
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