Bill 230864
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with LIM SIV HOUY for use by the City of all or a portion of the premises located at 3724 North Broad Street, Philadelphia, Pennsylvania, under certain terms and conditions.
Introduced by
Properties named in this bill
Addresses the bill text names, each matched to one Philadelphia parcel. Naming a property is not a claim that the bill is about it.
How members voted
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.
“…pment, for use by the City, of all or a portion of the premises located at 1101 Market Street"; and Bill No. 230864, entitled "An ordinance authorizing the Commissioner of Public Property to enter into a lease agreement with LIM SIV HOUY for use by the City of all or a portion of the premises located at 3724 North Broad Street"; and Bill No. 230763, entitled "An ordinance establishing parking regulations in the vicin…”
Chief Clerk · Stated Meeting, December 14, 2023 · Dec 14, 2023 · official transcript, this passage
“…pment, for use by the City, of all or a portion of the premises located at 1101 Market Street"; and Bill No. 230864, entitled "An ordinance authorizing the Commissioner of Public Property to enter into a lease agreement with LIM SIV HOUY for use by the City of all or a portion of the premises located at 3724 North Broad Street," respectfully reports it has considered the same and returns the attached bills to Council…”
Chief Clerk · Stated Meeting, December 7, 2023 · Dec 7, 2023 · official transcript, this passage
Status timeline
- Nov 16, 2023Introduced and Referred · CITY COUNCIL
This Bill was Introduced and Referred.to the Committee on Public Property and Public Works
- Dec 5, 2023HEARING NOTICES SENT · Committee on Public Property and Public Works
This Bill was HEARING NOTICES SENT.
- Dec 5, 2023HEARING HELD · Committee on Public Property and Public Works
This Bill was HEARING HELD.
- Dec 5, 2023AMENDED · Committee on Public Property and Public Works
This Bill was AMENDED.
- Dec 5, 2023REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works
This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.
- Dec 7, 2023SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
This Bill was SUSPEND THE RULES OF THE COUNCIL.
- Dec 7, 2023ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.
- Dec 14, 2023READ 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:
- Dec 20, 2023SIGNED · 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 LIM SIV HOUY for use by the City of all or a portion of the premises located at 3724 North Broad Street, Philadelphia, Pennsylvania, 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 LIM SIV HOUY, with the City as a tenant, for use by the City, of all or a portion of the premises located at 3724 N. Broad Street, pursuant to the 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 and to carry out the purpose of this Ordinance. EXHIBIT "A" Terms of Proposed Lease For 3724 N. Broad Street, Philadelphia, PA 19140 1. Landlord: LIM SIV HOUY 2. Tenant: City of Philadelphia 3. Premises Address: 3724 N. Broad Street, Philadelphia, PA 19140 4. Use of the Premises: Approximately 1,500 rentable square feet of ground floor retail space to be used by Free Library of Philadelphia to expand the Nicetown-Tioga Branch. 5. Term of Lease: Fifteen (15) 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 that would have been realized had the lease not been terminated. 6. Renewal Term: The City shall have two (2) five (5) year renewal options. 7. Rent: Base rent during Lease Year 1 will be approximately $20.60 per rentable square foot and shall escalate at a rate of approximately 6% every three (3) years over the fifteen (15) year term. The total base rent for Lease Year 1 will be $30,900.00. The base rent for the Renewal Terms will escalate at approximately 6% every five (5) years. 8. Utilities: The City shall pay directly through the City's own accounts or, if not billed directly, shall reimburse the cost of utilities paid on City's behalf. 9. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 10. Tenant Improvements: Landlord shall fit out the Premises based on a mutually accepted space plan. ..End