READ AND PASSED

The enacted ordinance authorizes Philadelphia’s Commissioner of Public Property to enter into a 30-year lease with SEPTA, with options for three additional 10-year terms. The lease would give the City use of a parking lot near Dupont and High Streets and a section of an abandoned SEPTA railroad line extending toward Umbria and Parker Streets, under specified terms and conditions.

Authorizing the Commissioner of Public Property to enter into a long-term lease agreement with the Southeastern Pennsylvania Transportation Authority ("SEPTA"), whereby the City will obtain use of a parking lot located approximately at the intersection of Dupont and High Streets, and of a section of an abandoned SEPTA railroad line from a point contiguous with such parking lot to a point near the intersection of Umbria and Parker Streets, all under certain terms and conditions.