City of Philadelphia - File #: 230844

• File #: 230844
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/16/2023
• In control: Committee on Public Property and Public Works
• Final action: 12/14/2023
• Title: Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease with the Philadelphia Municipal Authority, for use by the City, of all or a portion of the premises located at 2844 Frankford Avenue, Philadelphia, Pennsylvania, under certain terms and conditions.
• Sponsors: Councilmember Lozada, Councilmember Johnson
• Indexes: PUBLIC PROPERTY

Date	Ver.	Action By	Action	Result	Tally
12/20/2023	0	MAYOR	SIGNED
12/14/2023	0	CITY COUNCIL	READ AND PASSED	Pass	15:0
12/7/2023	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL
12/7/2023	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/5/2023	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
12/5/2023	0	Committee on Public Property and Public Works	HEARING HELD
12/5/2023	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/16/2023	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 with the Philadelphia Municipal Authority, for use by the City, of all or a portion of the premises located at 2844 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 into a sublease agreement with the Philadelphia Municipal Authority, for use by the City, of all or a portion of the premises located at 2844 Frankford Avenue, 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 and to carry out the purpose of this Ordinance.


EXHIBIT "A"

Terms of Proposed Lease
For 2844 Frankford Ave, Philadelphia, PA

1. Landlord: 804 North Broad Street Partners, LLC

2. Tenant: Philadelphia Municipal Authority

3. Subtenant: City of Philadelphia

4. Premises Address: 2844 Frankford Ave, Philadelphia, PA

5. Use of the Premises: Approximately 27,000 rentable square feet of warehouse and office space to be used as office space and vehicle storage by Philadelphia Fire Department or for any other lawful government use. The premises shall also include the entire 14,000 square foot parking lot.

6. Term of Lease: Ten (10) years

7. Tenant Renewal Option: Tenant shall have two (2) renewal options consisting of one (1) ten (10) year renewal option and one (1) nine (9) year renewal option.

8. Rent: Base rent during Lease Year 1 will be approximately $7.25 per rentable square ...