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BillENACTED

Bill 150512

Authorizing the Commerce Director and the Commissioner of Public Property, on behalf of the City, to acquire an approximately 27-acre property known as International Plaza, located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, together with all improvements thereon, and to enter into a Master Lease with Philadelphia Authority for Industrial Development pursuant to which the City will lease the property to Philadelphia Authority for Industrial Development and the Philadelphia Authority for Industrial Development will sublease portions of the property to tenants under existing leases or future leases, all under certain terms and conditions.

Introduced May 21, 2015Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Johnson

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “…n easement in the area bounded by Market Street, 11th Street, Chestnut Street and 12th Street"; and Bill No. 150512, entitled "An ordinance authorizing the Commerce Director and the Commissioner of Public Property to acquire an approximately 27-acre property known as International Plaza, located on Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, together with all improvements thereon, and to ent…”

    Chief Clerk · Stated Meeting, June 18, 2015 · Jun 18, 2015 · official transcript, this passage

  2. “…area bounded by Market Street, 11th Street, Chestnut Stated Meeting June 11, 2015 12th Street"; and Bill No. 150512, entitled "An ordinance authorizing the Commerce Director and the Commissioner of Public Property to acquire an approximately 27-acre property known as International Plaza, located on Route 291 and Tinicum Island Road," respectfully reports it has considered the same and returns the attached bills to Co…”

    Chief Clerk · Stated Meeting, June 11, 2015 · Jun 11, 2015 · official transcript, this passage

Status timeline

  1. May 21, 2015
    Introduced and Referred · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Johnson that this matter be Introduced and Referred to the Committee on Transportation and Public Utilities. The motion carried unanimously.

  2. May 27, 2015
    Re-Referred · CITY COUNCIL
  3. Jun 4, 2015
    HEARING NOTICES SENT · Committee on Public Property and Public Works
  4. Jun 4, 2015
    HEARING HELD · Committee on Public Property and Public Works
  5. Jun 4, 2015
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
  6. Jun 11, 2015
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Jun 11, 2015
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Henon that this matter be SUSPEND THE RULES OF THE COUNCIL. The motion carried unanimously.

  8. Jun 18, 2015
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this matter be READ AND PASSED. The motion carried by the following vote:

  9. Jun 18, 2015
    SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Authorizing the Commerce Director and the Commissioner of Public Property, on behalf of the City, to acquire an approximately 27-acre property known as International Plaza, located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, together with all improvements thereon, and to enter into a Master Lease with Philadelphia Authority for Industrial Development pursuant to which the City will lease the property to Philadelphia Authority for Industrial Development and the Philadelphia Authority for Industrial Development will sublease portions of the property to tenants under existing leases or future leases, all under certain terms and conditions. ..Body WHEREAS, International Plaza Owners, L. P. is the owner of 27.06 acres of land in Tinicum Township, Delaware County ("Property") more specifically described in Exhibit "A"; WHEREAS, the City seeks to purchase the Property; WHEREAS, the Property is subject to existing leases; and WHEREAS, the City desires to enter into a Master Lease with the Philadelphia Authority for Industrial Development ("PAID") pursuant to which PAID will sublease portions of the property to tenants under existing leases or future leases; now, therefore THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commerce Director and the Commissioner of Public Property are hereby authorized to acquire on behalf of the City 27.06 acres located on S.S. Route 291 and Tinicum Island Road, Tinicum Township, Delaware County, Tax Parcels 45-00-00508-04 and 45-00-10508-04, more specifically described in Exhibit "A." SECTION 2. The Commerce Director and the Commissioner of Public Property are hereby authorized to enter into a Master Lease with the PAID in connection with the acquisition of the Property, pursuant to which the City will lease the Property to PAID and PAID will sublease portions of the Property to tenants under existing leases or future leases. Leases assumed pursuant to the purchase authorized in Section 1 need not include City requirements that might otherwise be required by The Philadelphia Code until such time as tenants extend or renew the term of such leases or enter into new leases. SECTION 3. The City Solicitor is hereby authorized to review and to approve all instruments and documents necessary to effectuate this Ordinance, which instruments 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 carry out the purposes for this Ordinance. ..End