City of Philadelphia - File #: 140885

• File #: 140885
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/13/2014
• In control: Committee on Public Property and Public Works
• Final action: 12/11/2014
• Title: Authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to enter into a lease with the Philadelphia Authority for Industrial Development for the lease of a certain parcel of City-owned land on the South side of Baltimore Avenue between 39th and 41st Streets, for further sublease, all under certain terms and conditions.
• Sponsors: Councilmember Blackwell
• Indexes: PAID

Date	Ver.	Action By	Action	Result	Tally
12/19/2014	0	MAYOR	SIGNED
12/11/2014	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
12/4/2014	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/4/2014	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/4/2014	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
12/1/2014	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
12/1/2014	0	Committee on Public Property and Public Works	HEARING HELD
12/1/2014	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/13/2014	0	CITY COUNCIL	Introduced and Referred	Pass

Title

Authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to enter into a lease with the Philadelphia Authority for Industrial Development for the lease of a certain parcel of City-owned land on the South side of Baltimore Avenue between 39th and 41st Streets, for further sublease, 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 with the Philadelphia Authority for Industrial Development, for a certain parcel of City-owned land located on the south side of Baltimore Avenue between 39th and 41st Streets, as shown on Exhibit “A” attached, for further sublease.

      SECTION 2.       The Sublease shall include the terms outlined on Exhibit “B” attached, and require an Economic Opportunity Plan.

      SECTION 3.      The City Solicitor is hereby authorized to review and approve the lease, sublease and all other instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain 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 purposes of this Ordinance.

      SECTION 4.      Net proceeds from the lease of this property shall be deposited in the City's General Fund.

End