City of Philadelphia - File #: 200662

• File #: 200662
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 11/19/2020
• In control: Committee on Public Property and Public Works
• Final action: 6/17/2021
• 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 11311 Roosevelt Boulevard, Philadelphia, Pennsylvania, all under certain terms and conditions.
• Sponsors: Councilmember O'Neill
• Indexes: AGREEMENTS, PUBLIC PROPERTY

Date	Ver.	Action By	Action	Result	Tally
7/1/2021	1	MAYOR	SIGNED
6/17/2021	1	CITY COUNCIL	READ AND PASSED	Pass	17:0
6/10/2021	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL
6/10/2021	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/10/2021	1	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
5/28/2021	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
5/28/2021	0	Committee on Public Property and Public Works	HEARING HELD
5/28/2021	0	Committee on Public Property and Public Works	AMENDED
5/28/2021	1	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/30/2020	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
11/30/2020	0	Committee on Public Property and Public Works	RECESSED
11/19/2020	0	CITY COUNCIL	Introduced and Referred

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 11311 Roosevelt Boulevard, Philadelphia, Pennsylvania, 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 agreement with the Philadelphia Municipal Authority for use by the City, of a portion of the premises located at 11311 Roosevelt 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 11311 Roosevelt Boulevard, Philadelphia, PA


1. Sublandlord: The Philadelphia Municipal Authority (The Philadelphia MunicipalAuthority will enter into a prime lease for the premises with Covington Property Partners, LLC.)

2. Subtenant: The City of Philadelphia

3. Premises Address: 11311 Roosevelt Boulevard, Philadelphia, PA

4. Use of the Premises: Approximately two hundred twenty nine thousand four hundred fifty nine (229,459) rentable square feet, to be used for warehouse and office space for the City Commissioners.
5. Term of Lease: Initial Term of Sixteen (16) years with an option to renew for two (2)additional five (5) year terms.

6. Rent: The first year annual base rent will be approximately $1.91 per rentable square foot and represents a blended rent amount ...