Official:Authorizing the Commissioner of Public Property, on behalf of the City, to enter into an amendment to a sublease agreement with the Philadelphia Municipal Authority, for the use by the City of the premises located at 701 Market Street, under certain terms and conditions.
Sponsor: Councilmember Squilla
Introduced: March 5, 2015
Signed: April 9, 2015
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to enter into an amended sublease agreement with the Philadelphia Municipal Authority for office space at 701 Market Street. The lease would be for 10 years and include a base rent of $21.37 per square foot, increasing by 2.5% each year.
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