PASSED

The enacted ordinance authorizes Philadelphia officials to lease Memorial Hall and adjoining land to PTM II, which would sublease the property through PTM III to Please Touch Museum. Please Touch Museum is authorized to restore, improve, and adapt Memorial Hall for use as a children’s museum and operate there, with related agreements allowing utility lines and conduits to serve the museum.

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.