READ AND PASSED

The enacted bill authorizes the Philadelphia Municipal Authority to lease and license parts of 5000 Summerdale Avenue and 5501 Whitaker Avenue, then sublease and sublicense those portions to Philadelphia Gas Works through Philadelphia Facilities Management Corporation. The properties will be used by PGW, with potential renewals allowed under the approved agreements.

Authorizing The Philadelphia Municipal Authority, and The Philadelphia Gas Works by Philadelphia Facilities Management Corporation (solely in its capacity as Operator and Manager of the City-owned Philadelphia Gas Works), to enter into certain transactions and contracts regarding the lease and license of portions of the premises located at 5000 Summerdale Avenue and 5501 Whitaker Avenue, Philadelphia, Pennsylvania for the use of The Philadelphia Gas Works, all under certain terms and conditions.