PASSED

The enacted bill authorizes the City’s Commissioner of Public Property to lease a parcel at 5201 Umbria Street to the Philadelphia Authority for Industrial Development, which will sublease it to Urban Cable Works of Philadelphia, L.P. The property will be used as a hub for the company’s telecommunications network under a five-year lease, with options for two additional five-year terms.

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with the Philadelphia Authority for Industrial Development for further sublease to Urban Cable Works of Philadelphia, L.P., a Delaware limited partnership, to lease a certain parcel of ground located at 5201 Umbria street, Philadelphia, Pennsylvania, under certain terms and conditions.