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File #: 130811    Version: Name:
Type: Bill Status: ENACTED
File created: 10/31/2013 In control: Committee on Public Property and Public Works
On agenda: Final action: 12/12/2013
Title: Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into ground lease and sublease agreements with the Philadelphia Authority for Industrial Development for certain land and improvements located on a parcel of land bounded by South Broad Street to the east, Castle Avenue to the south, 15th Street to the west, and Morris Street to the north, all under certain terms and conditions.
Sponsors: Councilmember Johnson
Indexes: AGREEMENTS, PIDC
Attachments: 1. 130811 - EOP, As Amended.pdf, 2. Bill No. 13081101, As Amended.pdf, 3. CertifiedCopy13081101.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
1/8/20141 MAYOR SIGNED   Action details Not available
12/12/20131 CITY COUNCIL PASSEDPass16:0 Action details Not available
12/5/20131 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
12/5/20131 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
12/5/20131 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Not available
12/4/20130 Committee on Public Property and Public Works HEARING NOTICES SENT   Action details Not available
12/4/20130 Committee on Public Property and Public Works HEARING HELD   Action details Not available
12/4/20130 Committee on Public Property and Public Works AMENDED   Action details Not available
12/4/20131 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
10/31/20130 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into ground lease and sublease agreements with the Philadelphia Authority for Industrial Development for certain land and improvements located on a parcel of land bounded by South Broad Street to the east, Castle Avenue to the south, 15th Street to the west, and Morris Street to the north, 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 ground lease and sublease agreements, as a ground lessor and a sublessee, with the Philadelphia Authority for Industrial Development for certain land and improvements located on a parcel of land bounded by South Broad Street to the east, Castle Avenue to the south, 15th Street to the west, and Morris Street to the north, pursuant to the general transaction structure set forth in Exhibit "A" attached hereto.

SECTION 2. The City Solicitor is authorized to include in the ground lease and sublease agreements such terms and conditions as in the opinion of the City Solicitor shall be necessary and proper to protect the interests of the City.


Exhibit A

Terms of Proposed Ground Lease and Sublease Agreements between the City of Philadelphia and the Philadelphia Authority for Industrial Development for the land and improvements on a parcel of land bounded by South Broad Street to the east, Castle Avenue to the south, 15th Street to the west, and Morris Street to the north ("Property")

1. Exhibit "A" Definitions:

"PAID" means the Philadelphia Authority for Industrial Development

"CHOP" means The Children's Hospital of Philadelphia

"CHOP, LP" means a limited Partnership that will be formed by CHOP

"Facility Improvements" means a combined medical facility, recreation center, and library facility. When co...

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