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Back to search resultsCOMMUNICATION 040542

Transmitting a bill authorizing the President of the Fairmount Park Commission, the Executive Director of Fairmount Park, and the Public Property Commissioner, on behalf of the City of Philadelphia, to enter into a Lease and related agreements and an easement agreement relating to utility conduits, with PTM II Limited Partnership ("PTM II"), a Pennsylvania limited partnership, under which the City would lease Memorial Hall and adjoining land (together, the "Premises") to PTM II, which would sublease the Premises to PTM III Limited Partnership ("PTM III"), a Pennsylvania limited partnership, which would sub-sublease the Premises to Please Touch Museum ("Please Touch"), a Pennsylvania not-for-profit corporation, under which Please Touch, through PTM II and PTM III, would restore, improve and adapt Memorial Hall for use as a children's museum and operate the Please Touch Museum at Memorial Hall, all under certain terms and conditions.

AI summary

This communication transmitted a proposed bill concerning a lease of Memorial Hall and adjoining land to PTM II Limited Partnership, which would sublease the property to PTM III Limited Partnership and then to Please Touch Museum. Under the proposed arrangement, Please Touch Museum would restore, improve, and adapt Memorial Hall for use as a children’s museum and operate there, with a related easement for utility conduits; the communication was placed on file.

File details

Status
PLACED ON FILE
Introduced
May 13, 2004
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Full text

Title

Transmitting a bill authorizing the President of the Fairmount Park Commission, the Executive Director of Fairmount Park, and the Public Property Commissioner, on behalf of the City of Philadelphia, to enter into a Lease and related agreements and an easement agreement relating to utility conduits, with PTM II Limited Partnership (“PTM II”), a Pennsylvania limited partnership, under which the City would lease Memorial Hall and adjoining land (together, the “Premises”) to PTM II, which would sublease the Premises to PTM III Limited Partnership (“PTM III”), a Pennsylvania limited partnership, which would sub-sublease the Premises to Please Touch Museum (“Please Touch”), a Pennsylvania not-for-profit corporation, under which Please Touch, through PTM II and PTM III, would restore, improve and adapt Memorial Hall for use as a children's museum and operate the Please Touch Museum at Memorial Hall, all under certain terms and conditions.

End

File history

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  1. Council actionCITY COUNCIL

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