Official:Authorizing the Executive Director of Fairmount Park Commission, the Recreation Commissioner, the Public Property Commissioner, and the Director of Commerce to execute an amendment to the lease dated November 1, 1993, between the City and the Philadelphia Authority for Industrial Development ("PAID"), authorized by Bill Number 505 of 1993, and under which PAID entered into a sublease with the Fairmount Park Historic Preservation Trust, Inc. (the "Trust"), under which, in turn, from time to time, the Trust has entered into sub-subleases with third parties who have restored historic houses and other properties in Fairmount Park in exchange for long-term leases, under certain provisions.
Sponsor: Councilmember Reynolds Brown
Introduced: May 21, 2009
Signed: June 18, 2009
: Committee on Parks, Recreation and Cultural Affairs
Status: Signed into Law, step 4 of 4
This bill extends a lease between the City of Philadelphia and PAID (Philadelphia Authority for Industrial Development) to allow the Fairmount Park Historic Preservation Trust to continue leasing historic properties in Fairmount Park to private parties who restore them.
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