City of Philadelphia - File #: 230361

• File #: 230361
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/4/2023
• In control: Committee on Public Property and Public Works
• Final action: 6/22/2023
• 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 the Premises located at 8716-20 Frankford Avenue, Philadelphia, Pennsylvania, under certain terms and conditions.
• Sponsors: Councilmember Driscoll
• Indexes: PUBLIC PROPERTY

Date	Ver.	Action By	Action	Result	Tally
7/12/2023	0	MAYOR	SIGNED
6/22/2023	0	CITY COUNCIL
6/15/2023	0	CITY COUNCIL
6/15/2023	0	CITY COUNCIL
6/15/2023	0	CITY COUNCIL
6/12/2023	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
6/12/2023	0	Committee on Public Property and Public Works	HEARING HELD
6/12/2023	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/23/2023	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
5/23/2023	0	Committee on Public Property and Public Works	Cancellation of Scheduled Public Hearing
5/4/2023	0	CITY COUNCIL

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 the Premises located at 8716-20 Frankford Avenue, Philadelphia, Pennsylvania, 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 as subtenant into a sublease agreement with the Philadelphia Municipal Authority, as tenant and sublandlord, for a portion of the premises located at 8716 Frankford Avenue, Philadelphia, Pennsylvania, for use by the City, pursuant to the terms substantially set forth in Exhibit A.

SECTION 2. The City Solicitor is hereby authorized to review and 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 interest of the City of Philadelphia and to carry out the purposes of this Ordinance.


EXHIBIT "A"

Terms of Proposed Sublease
For 8716-20 Frankford Avenue, Philadelphia, PA


1. Sublandord: The Philadelphia Municipal Authority (The Philadelphia Municipal Authority will enter into a prime lease for the premises with Posel Enterprises)

2. Subtenant: City of Philadelphia

3. Premises Address: 8716-20 Frankford Avenue, Philadelphia, PA 19136

4. Use of the Premises: Approximately 12,015 rentable square feet, to be used for office space and light warehouse use by the Community Life Improvement Program (CLIP)
5. Term of Sublease: 10 years

6. Rent: The annual base rent will be approximately $18.95 per rentable square foot in years one through five and $21.25 per rentable square foot in years 6 through 10. At approximately 12,015 rentable square feet, the first year's annual base rent will be approximately $22...