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File #: 160843    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/29/2016 In control: Committee on Public Property and Public Works
On agenda: Final action: 10/27/2016
Title: Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a sublease agreement with the Philadelphia Authority for Industrial Development for use by the City of premises located at 456 N. 5th Street, all under certain terms and conditions.
Sponsors: Councilmember Squilla
Indexes: PAID
Attachments: 1. CertifiedCopy16084300.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
11/16/20160 MAYOR SIGNED   Action details Not available
10/27/20160 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
10/20/20160 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
10/20/20160 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
10/20/20160 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
10/18/20160 Committee on Public Property and Public Works HEARING NOTICES SENT   Action details Not available
10/18/20160 Committee on Public Property and Public Works HEARING HELD   Action details Not available
10/18/20160 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
9/29/20160 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a sublease agreement with the Philadelphia Authority for Industrial Development for use by the City of premises located at 456 N. 5th Street, 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, is hereby authorized to enter into a sublease agreement, as subtenant, with the Philadelphia Authority for Industrial Development, as tenant and sublandlord, for use by the City of premises located at 456 N. 5th Street, pursuant to terms substantially similar to those set forth in the document attached hereto as Exhibit "A."

SECTION 2. The City Solicitor is hereby authorized to review and approve the lease and other documents necessary to effectuate this Ordinance, which lease 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 and to carry out the purpose of this Ordinance.



EXHIBIT "A"

Terms of Proposed Lease and Sublease
For 456 N. 5th Street

1. Tenant: City of Philadelphia Department of Public Property ("Subtenant"), through a sublease with the Philadelphia Authority for Industrial Development ("Prime Tenant" or "PAID") (the term "Tenant" shall refer to both Subtenant and Prime Tenant).

2. Landlord: Alliance HSP Philadelphia Warehouse LP ("Alliance" or "Landlord") (the term "Landlord" shall include Landlord acting in the capacity of Prime Landlord under the Master Lease/Sublease arrangement contemplated in Paragraph 1) or such other affiliated entity as may be designated as Landlord.

3. Property: 456 N 5th Street, Philadelphia PA ("Property"). The Total Property square footage is 225,000 RSF today; however, the square footage is subject to change based on a final development plan for the site ("Master Plan").

4...

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