City of Philadelphia - File #: 171000

• File #: 171000
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/16/2017
• In control: Committee on Public Property and Public Works
• Final action: 12/14/2017
• Title: Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement with St. Agnes MOB, LLC, for use by the City of all or a portion of the premises located at 1930 South Broad Street, under certain terms and conditions.
• Sponsors: Councilmember Johnson
• Indexes: AGREEMENTS

Date	Ver.	Action By	Action	Result	Tally
1/3/2018	0	MAYOR	SIGNED
12/14/2017	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
12/7/2017	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/7/2017	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/7/2017	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
12/6/2017	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
12/6/2017	0	Committee on Public Property and Public Works	HEARING HELD
12/6/2017	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/16/2017	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement with St. Agnes MOB, LLC, for use by the City of all or a portion of the premises located at 1930 South Broad Street, 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 agreement with St. Agnes MOB, LLC, with City as tenant, for use by the City, of all or a portion of the premises located at 1930 South Broad Street, 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 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
For 1930 South Broad Street, Philadelphia, PA



1. Landlord: Saint Agnes MOB, LLC

2. Tenant: The City of Philadelphia

3. Premises Address: 1930 South Broad Street, Philadelphia, PA

4. Use of the Premises: Approximately 19,312 square feet, to be used for clinic space.
5. Term of Lease: 15 years; provided, however, the City (in accordance with Section 8-200(3) of the Philadelphia Charter) shall have right to terminate the Lease, at the City's sole option, at any time after the expiration of four years without liability to the Landlord for damage or loss of profits which would have been realized had the Lease not been terminated.

6. Renewal Terms: Tenant shall have two (2) ten (10) year renewal options.

7. Rent: The annual base rent will be approximately $27.79 per square foot for the first year with appr...