RECONSIDERED

This enacted bill authorizes the President of the Fairmount Park Commission and the Executive Director of Fairmount Park to enter into a lease for Franklin Square, the parcel bounded by 6th Street, 7th Street, Race Street, and the Vine Street Expressway. The Philadelphia Authority for Industrial Development would be the tenant and would sublease the property to Historic Philadelphia, Inc., under specified terms.

Authorizing the President of the Fairmount Park Commission and the Executive Director of Fairmount Park to enter into a lease agreement between the City of Philadelphia as landlord and the Philadelphia Authority for Industrial Development as tenant for further sublease to Historic Philadelphia, Inc., a certain parcel of land bounded by 6th Street, 7th Street, Race Street, and the Vine Street Expressway, commonly referred to as Franklin Square, under certain terms and conditions.