READ AND PASSED

This enacted bill authorizes the City of Philadelphia to lease all or part of 1415 North Broad Street, Suite 100, from The Leon Sullivan Charitable Trust. The approximately 18,639-square-foot space is designated for City government offices under a proposed 10-year lease, with rent starting at about $326,183 per year and increasing about 2% annually.

Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to enter into a lease agreement with The Leon Sullivan Charitable Trust, for use by the City of all or a portion of the premises located at 1415 North Broad Street, under certain terms and conditions.