Official:Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with the Philadelphia Authority for Industrial Development, for certain land and improvements located at 3449 Scotts Lane, all under certain terms and conditions.
Sponsor: Councilmember Jones
Introduced: May 12, 2011
: Committee on Public Property and Public Works
Status: Failed
This bill would allow the City of Philadelphia to enter into a sublease agreement with the Philadelphia Authority for Industrial Development (PAID) for land and improvements at 3449 Scotts Lane. The sublease would be for at least 10 years, with an annual base rental rate not exceeding $860,000 plus inflation.
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