READ AND PASSED

This enacted bill authorizes Philadelphia’s Parks and Recreation Commissioner to amend and extend the City’s lease of the Dauphin Loop land and passenger terminal area, bounded by Ridge Avenue, 33rd Street, and Dauphin Street, to SEPTA. The lease is for 30 years, with two 15-year renewal options, nominal rent of $1, and planned improvements to the existing passenger terminal.

Authorizing the Parks and Recreation Commissioner to enter into a lease agreement with the Southeastern Pennsylvania Transportation Authority, to continue leasing to SEPTA certain land and improvements located in the area bounded by Ridge Avenue, 33rd Street, and Dauphin Street, all under certain terms and conditions.