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File #: 170559-A    Version: Name:
Type: Bill Status: ENACTED
File created: 5/25/2017 In control: Committee on Public Property and Public Works
On agenda: Final action: 6/22/2017
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 400 N. Broad Street and 1501 Callowhill Street, and to exercise an option for the City to purchase the same, all under certain terms and conditions.
Sponsors: Council President Clarke, Councilmember Henon
Indexes: AGREEMENTS, PAID
Attachments: 1. 170559 - Exhibit Set, As Amended On Floor.pdf, 2. CertifiedCopy170559-A01.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/27/20171 MAYOR SIGNED   Action details Not available
6/22/20171 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
6/15/20170 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
6/15/20170 CITY COUNCIL SUSPEND THE RULES OF THE COUNCIL   Action details Not available
6/15/20170 CITY COUNCIL READ   Action details Not available
6/15/20171 CITY COUNCIL ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.   Action details Not available
6/15/20171 CITY COUNCIL AMENDED   Action details Not available
6/14/20170 Committee on Public Property and Public Works HEARING NOTICES SENT   Action details Not available
6/14/20170 Committee on Public Property and Public Works HEARING HELD   Action details Not available
6/14/20170 Committee on Public Property and Public Works REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
5/25/20170 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 400 N. Broad Street and 1501 Callowhill Street, and to exercise an option for the City to purchase the same, 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 (the "Sublease"), as subtenant, with the Philadelphia Authority for Industrial Development (the "Authority"), as tenant and sublandlord, for use by the City of premises located at 400 N. Broad Street and 1501 Callowhill Street, and to exercise an option for the City to purchase the same, pursuant to terms substantially similar to those set forth in the document attached hereto as Exhibit "A."

SECTION 2. The improvements to the premises located at 400 N. Broad Street and 1501 Callowhill Street shall be constructed in compliance with the terms and conditions of an Economic Opportunity Plan, attached hereto as Exhibit "B".

SECTION 3. The City Solicitor is hereby authorized to review and approve the Sublease, the related lease and other documents necessary to effectuate this Ordinance, which Sublease, related 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.

SECTION 4. The City covenants to budget and make appropriations beginning in Fiscal Year 2018 and in each and every fiscal year thereafter in such amounts as shall be required in order to make timely all payments due and payable under the Sublease ("Sublease Payments").

SECTION 5. The City covenants unconditionally to make all Sublease Payments to the Authority, to any entit...

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