PASSED

This enacted ordinance authorizes Philadelphia to sublease the renovated Tower Building at 100 East Lehigh Avenue from the Philadelphia Authority for Industrial Development. The City must budget for rent and related costs during the sublease, which can last up to nearly 30 years, and the financing for renovations may include up to $12.805 million in outstanding obligations; the building will house City operations including the Special Victims Unit, the Department of Human Services, Police, and the Philadelphia Children’s Alliance.

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia (the "City") to enter into a Sublease Agreement (the "Sublease") by and between the City and the Philadelphia Authority for Industrial Development ("PAID") providing for the leasing by PAID to the City of a certain building known as the Tower Building; covenanting to make appropriations in each of the City's fiscal years to provide for rental payments due under the Sublease; authorizing the Director of Finance and other officials of the City to take all actions necessary to accomplish the intent and purpose of this Ordinance and the Sublease and other agreements; and authorizing approval of all of the terms of the agreements and other documents and amendments thereto by the Director of Finance and/or the City Solicitor.