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File #: 170139    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 2/16/2017 In control: Committee on Public Property and Public Works
On agenda: Final action: 5/4/2017
Title: Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with The Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, all under certain terms and conditions.
Sponsors: Council President Clarke, Councilmember Greenlee
Indexes: AGREEMENTS, PHILADELPHIA MUNICIPAL AUTHORITY
Attachments: 1. CertifiedCopy17013900.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
5/17/20170 MAYOR SIGNED   Action details Not available
5/4/20170 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
4/27/20170 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
4/27/20170 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
4/27/20170 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
4/24/20170 Committee on Public Property and Public Works HEARING NOTICES SENT   Action details Not available
4/24/20170 Committee on Public Property and Public Works HEARING HELD   Action details Not available
4/24/20170 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
2/16/20170 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 a sublease agreement with The Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, 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 sublease agreement with The Philadelphia Municipal Authority, with City as subtenant, for use by the City of a portion of the premises located at 1500 John F. Kennedy Boulevard, 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 sublease and other documents necessary to effectuate this Ordinance, which sublease 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 Sublease
For 1500 J.F.K Boulevard, Philadelphia, PA



1. Sublandord: The Philadelphia Municipal Authority (The Philadelphia Municipal Authority will to enter into a prime lease for the premises with Crown Two Penn Center Associates Limited Partnership)

2. Subtenant: The City of Philadelphia

3. Premises Address: 1500 John F. Kennedy Boulevard, Philadelphia, PA

4. Use of the Premises: Approximately 4,005 rentable square feet, to be used for office space.
5. Term of Sublease: 5 years

6. Rent: The annual base rent will be approximately $23.25 per rentable square foot and will escalate at a rate of approximately $.50 per rentable square foot per year. At approximately 4,005 rentable square feet, the first year's annual base rent will be approximately $9...

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