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BillENACTED

Bill 230830

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with The Leon Sullivan Charitable Trust, for use by the City of all or a portion of the premises located at 1415 North Broad Street, under certain terms and conditions.

Introduced Nov 16, 2023Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Council President ClarkeCouncilmember Jones

How members voted

  1. Vote on Dec 14, 2023 · CITY COUNCIL

    Aye (15)

    Councilmember SquillaCouncilmember JohnsonCouncilmember JonesCouncil President ClarkeCouncilmember BassCouncilmember O'NeillCouncilmember BrooksCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember ThomasCouncilmember DriscollCouncilmember LozadaCouncilmember HarrityCouncilmember VaughnCouncilmember Phillips

From the floor

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

  1. “…ts and improvements in the Project Area, including leaseholds, easements, and other interests"; and Bill No. 230830, entitled "An ordinance authorizing the Commissioner of Stated Meeting 36 12/07/2023 into a lease agreement with The Leon Sullivan Charitable Trust, for use by the City of all or a portion of the premises located at 1415 North Broad Street"; and Bill No. 230831, entitled "An ordinance authorizing the Co…”

    Chief Clerk · Stated Meeting, December 7, 2023 · Dec 7, 2023 · official transcript, this passage

Status timeline

  1. Nov 16, 2023
    Introduced and Referred · CITY COUNCIL

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

  2. Dec 5, 2023
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  3. Dec 5, 2023
    HEARING HELD · Committee on Public Property and Public Works

    This Bill was HEARING HELD.

  4. Dec 5, 2023
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  5. Dec 7, 2023
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  6. Dec 7, 2023
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

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

  7. Dec 14, 2023
    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:

  8. Dec 20, 2023
    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 The Leon Sullivan Charitable Trust, for use by the City of all or a portion of the premises located at 1415 North Broad 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 Leon Sullivan Charitable Trust as Landlord, with the City as Tenant, for use by the City, of all or a portion of the premises located at 1415 North Broad Street, Suite 100, Philadelphia, Pennsylvania, 19122 pursuant to terms substantially set forth in Exhibit "A". SECTION 2. The City Solicitor is hereby authorized to review and to approve the lease and all 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 1415 North Broad Street, Suite 100, Philadelphia, Pennsylvania 19122 1. Landlord: The Leon Sullivan Charitable Trust 2. Tenant: City of Philadelphia 3. Premises Address: 1415 North Broad Street, Suite 100, Philadelphia, PA 19122 4. Use of the Premises: Approximately 18,639 rentable square feet to be used for governmental office space. 5. Term of Lease: Ten (10) years, provided, however, that the City in accordance with Section 8-200(3) of the Philadelphia Home Rule Charter, shall have the right to terminate the Lease, at the City's sole option, at any time after the expiration of four (4) years without liability to the Landlord for damages or loss of profits which would have been realized had the lease not been terminated. 6. Rent: Base rent during Lease Year 1 will be approximately $17.50 per rentable square foot and shall escalate at a rate of approximately 2% per year over the ten year term. The total base rent for Lease Year 1 will be approximately $326,182.50. 7. Utilities: Utilities are included in the base rent. 8. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 9. Tenant Improvements: Landlord shall fit out the Premises based on a mutually accepted space plan. ..End