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BillENACTED

Bill 241031

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 S. Broad Street, Philadelphia, Pennsylvania, under certain terms and conditions.

Introduced Oct 31, 2024Committee on Public Property and Public WorksOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember SquillaCouncilmember Bass

How members voted

  1. Vote on Dec 12, 2024 · CITY COUNCIL

    Aye (16)

    Councilmember BassCouncilmember DriscollCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember HarrityCouncilmember JonesCouncilmember LozadaCouncilmember O'NeillCouncilmember PhillipsCouncilmember SquillaCouncilmember ThomasCouncilmember AhmadCouncilmember LandauCouncilmember O'RourkeCouncilmember YoungCouncil President Johnson

    Absent (1)

    Councilmember Brooks

From the floor

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

  1. “…nown as 7801 State Road, under certain terms and conditions. Bill No. 260339, an ordinance amending Bill No. 241031 (approved January 15, 2025), entitled "Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal 5/7/26 - STATED - 2ND READING Authority, for use by the City of a portion of the premises located at 1 S. Broa…”

    Chief Clerk · Stated Meeting, May 7, 2026 · May 7, 2026 · official transcript, this passage

  2. “…nown as 7801 State Road, under certain terms and conditions. Bill No. 260339, an ordinance amending Bill No. 241031, approved January 15th, 2025, authorizing the Commissioner of Public Property on behalf of the city of Philadelphia to enter into a sublease agreement with the Philadelphia Municipal Authority for use by the city of a portion of the premises located at 1 South Broad Street, Philadelphia, Pennsylvania, u…”

    Chief Clerk · Stated Meeting, April 30, 2026 · Apr 30, 2026 · official transcript, this passage

  3. “…lvania Uniform Construction Code Act, all under certain terms and conditions. An ordinance amending Bill No. 241031 (approved January 15, 2025), entitled "Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 S. Broad Street, Philadelphia, Pennsy…”

    Chief Clerk · Stated Meeting, April 16, 2026 · Apr 16, 2026 · official transcript, this passage

  4. “An ordinance amending Bill No. 241031 (approved January 15, 2025), entitled "Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 South Broad Street, Philadelphia, Pennsylvania, under certain terms and conditions," to authorize the lease of addi…”

    Chief Clerk · Stated Meeting, April 16, 2026 · Apr 16, 2026 · official transcript, this passage

  5. “… Passyunk Avenue for public park, recreation and transportation purposes, under and conditions; and Bill No. 241031, an ordinance authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 South Broad Street, Philadelphia, Pennsylvania, under certain …”

    Chief Clerk · Stated Meeting, December 12, 2024 · Dec 12, 2024 · official transcript, this passage

  6. “…ue for public park, recreation, and transportation purposes under certain terms and conditions. And Bill No. 241031, an ordinance authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 South Broad Street, Philadelphia, Pennsylvania, under certain …”

    Chief Clerk · Stated Meeting, December 5, 2024 · Dec 5, 2024 · official transcript, this passage

Status timeline

  1. Oct 31, 2024
    Introduced and Referred · CITY COUNCIL

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

  2. Nov 22, 2024
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  3. Dec 2, 2024
    HEARING NOTICES SENT · Committee on Public Property and Public Works

    This Bill was HEARING NOTICES SENT.

  4. Dec 2, 2024
    HEARING HELD · Committee on Public Property and Public Works

    This Bill was HEARING HELD.

  5. Dec 2, 2024
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Public Property and Public Works

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  6. Dec 5, 2024
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  7. Dec 5, 2024
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

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

  8. Dec 5, 2024
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL

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

  9. Dec 12, 2024
    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:

  10. Jan 15, 2025
    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 sublease agreement with the Philadelphia Municipal Authority, for use by the City of a portion of the premises located at 1 S. 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, on behalf of the City of Philadelphia, is hereby authorized to enter into a sublease agreement with the Philadelphia Municipal Authority, with the City as subtenant, for use by the City of a portion of the premises located at 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 pursuant to terms substantially set forth in Exhibit "A". SECTION 2. The Commissioner of Public Property is hereby authorized to take all actions deemed by the Commissioner to be necessary and appropriate to carry out the provisions and intent of this Ordinance, including executing all instruments and ancillary documents necessary and appropriate for the City to carry out the purposes of this Ordinance. SECTION 3. The City Solicitor is authorized to review, negotiate, and approve the sublease and all ancillary documents deemed by the City Solicitor to be necessary and appropriate to carry out the provisions and intent of this Ordinance, which sublease and documents shall contain such terms and conditions deemed by the City Solicitor to be necessary, desirable, and in the best interests of the City of Philadelphia to carry out the purpose of this Ordinance. EXHIBIT "A" Terms of Proposed Sublease For 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 1. Landlord: Broad One L.P. 2. Tenant/Sublandlord: Philadelphia Municipal Authority 3. Subtenant: City of Philadelphia 4. Premises Address: 1 S. Broad Street, Philadelphia, Pennsylvania, 19107 5. Use of the Premises: Approximately 18,439 rentable square feet for office use. 6. Term of Lease: Fifteen (15) years 7. Renewal Term: The City shall have one (1) five (5) year renewal option. 8. Rent: Base rent for Lease Year 1 will be $15.75 per square foot and shall escalate at a rate of approximately 6% after Lease Year 3, Lease Year 6, Lease Year 9, and Lease Year 12. Should the City exercise its renewal term option, the base rent will be escalated at a rate of approximately 10% after Lease Year 15 and remain at the same base rent rate for the remaining years of the renewal term. The total base rent for Lease Year 1 will be $290,414.25. 9. Utilities: The City is not responsible for utilities. 10. Operating Expenses: The City shall be responsible for its proportionate share of operating expenses. 11. Tenant Improvements: Landlord shall fit out the Premises based on a mutually accepted space plan and provide a tenant improvement allowance of $737,560.00. ..End