READ AND PASSED

The enacted ordinance authorizes the Commissioner of Public Property to enter into a sublease with The Philadelphia Municipal Authority for the City to use about 66,631 square feet of office space at 100 South Broad Street. The sublease would generally last 10 years, with the City able to return part of the space after five years, and would set rent and other operating costs for the City.

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a sublease agreement with The Philadelphia Municipal Authority, for use by the City, of a portion of the premises located at 100 South Broad Street, Philadelphia, Pennsylvania by the City, all under certain terms and conditions.