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BillENACTED

Bill 190710

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with 2401 Walnut LP for use by the City of all or a portion of the premises located at 2401 Walnut Street, under certain terms and conditions.

Introduced Sep 19, 2019Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Johnson

How members voted

  1. Vote on Dec 5, 2019 · CITY COUNCIL

    Aye (17)

    Council President ClarkeCouncilmember SquillaCouncilmember JohnsonCouncilmember BlackwellCouncilmember JonesCouncilmember HenonCouncilmember Quiñones SánchezCouncilmember BassCouncilmember ParkerCouncilmember O'NeillCouncilmember DombCouncilmember GreenCouncilmember GreenleeCouncilmember GymCouncilmember OhCouncilmember Reynolds BrownCouncilmember Taubenberger

From the floor

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

  1. “…Bulkhead Line of the Schuylkill River and Grays Ferry Avenue for public recreational purposes;" and Bill No. 190710, entitled "An ordinance Stated Meeting December 5, 2019 authorizing the Commissioner of Public Property to enter into a lease agreement with 2401 Walnut for use by the City of all or a portion of the premises located at 2401 Walnut Street;" and Bill No. 190742, entitled "An ordinance officially naming a…”

    Chief Clerk · Stated Meeting, December 5, 2019 · Dec 5, 2019 · official transcript, this passage

  2. “…Bulkhead Line of the Schuylkill River and Grays Ferry Avenue for public recreational purposes"; and Bill No. 190710, entitled "An ordinance authorizing the Commissioner of Public Property to enter into a lease agreement with 2401 Walnut Limited Partnership for use by the City of all or a portion of the premises located at 2401 Walnut Street"; and Bill No. 190742, entitled "An ordinance officially naming and designati…”

    Chief Clerk · Stated Meeting, November 21, 2019 · Nov 21, 2019 · official transcript, this passage

Status timeline

  1. Sep 19, 2019
    Introduced and Referred · CITY COUNCIL

    This Bill was Introduced and Referred.to the Committee on Public Property and Public Works

  2. Nov 18, 2019
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  3. Nov 18, 2019
    HEARING HELD · Committee on Public Property and Public Works

    This Bill was HEARING HELD.

  4. Nov 18, 2019
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  5. Nov 21, 2019
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  6. Nov 21, 2019
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  7. Nov 21, 2019
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR.

  8. Dec 5, 2019
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

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

  9. Dec 30, 2019
    SIGNED · MAYOR

    This Bill was SIGNED.

Official documents

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

Full text

Read the full text as published

..Title Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with 2401 Walnut LP for use by the City of all or a portion of the premises located at 2401 Walnut Street, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Commissioner of Public Property is hereby authorized to enter into a lease with the 2401 Walnut LP, with City as tenant, for use by the City of all or a portion of the premises located at 2401 Walnut 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 2401 Walnut Street, Philadelphia, PA 1. Landlord: 2401 Walnut, LP 2. Tenant: City of Philadelphia 3. Premises Address: 2401 Walnut Street, Philadelphia, PA 4. Use of the Premises: Approximately 10,971 rentable square feet, to be used for office space. 5. Term of Lease: Ten (10) 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 damages or loss of profits which would have been realized had the Lease not been terminated. 6. Renewal Term: Tenant shall have two (2) five (5) year renewal options, provided, however, the City (in accordance with Section 8-200(3) of the Philadelphia Charter) shall have the right to terminate the Lease, at the City's sole option, at any time after the expiration of four years of the renewal term without liability to the Landlord for damages or loss of profits which would have been realized had the Lease not been terminated. 7. Rent: The annual base rent will be approximately $23.34 per rentable square foot and will escalate at a rate of approximately 7.35% per rentable square foot every three years. At approximately 10,971 rentable square feet, the first year's annual base rent will be approximately $256,063.14. 8. Operating Expenses: The City shall be responsible for its proportionate share of taxes, operating expenses and janitorial expenses. ..End