Bill 000705
Controlled by Committee of the Whole

Description

Authorizing the Commissioner of Public Property and the Director of Commerce, on behalf of the City of Philadelphia (the "City"), to enter into a Ground Lease Agreement (the "Eagles Ground Lease") with the Philadelphia Authority for Industrial Development ("PAID") providing for the leasing by the City to PAID of certain parcels of land owned or to be acquired by the City, and further authorizing said officers to enter into a Prime Lease Agreement (the "Eagles Prime Lease") between PAID and the City providing for the subleasing by PAID to the City of all or a portion of such land and certain improvements to be constructed thereon, including a football stadium and accessory and related amenities, improvements and infrastructure and the payment of certain costs for such stadium complex and further authorizing said officers to enter into a Leaseback-Lease Agreement (the "Eagles Leaseback") between PAID and the City providing for the sub-subleasing of said land as improved back from the City to PAID; covenanting to be bound by the terms of the aforementioned Eagles Ground Lease, Eagles Prime Lease and Eagles Leaseback; and obligating PAID to finance a portion of the costs of the acquisition of such land and any additional land in connection with the sports stadia or sports complex, demolition, site preparation, improvements and infrastructure in connection therewith and a portion of any and all other costs incurred in connection with the sports stadia; imposing a limitation on the aggregate amount of bonds which are to be issued by PAID to finance or refinance the project; covenanting to make appropriations in each of the City's fiscal years to provide for all payments due under the Eagles Prime Lease; dedicating the vehicle rental tax authorized by Act 25 of 1999 to the new sports stadia projects; authorizing the Director of Finance and other officials of the City to take all actions necessary to accomplish the intent and purpose of this Ordinance and the Eagles Ground Lease, Eagles Prime Lease, Eagles Leaseback and an Eagles Lease and Development Agreement between the Philadelphia Eagles Limited Partnership or its successor as holder of the National Football League franchise for the City or a controlled affiliate and PAID containing the terms and conditions substantially as approved herein; and authorizing approval of all of the terms of the aforementioned Leases and other documents and amendments thereto by the Director of Finance and/or the City Solicitor.

Read the full Bill: CertifiedCopy00070501.pdf

Actions

  • Nov. 16, 2000:  Referred to the Committee of the Whole by CITY COUNCIL
  • Introduced by CITY COUNCIL
  • Nov. 29, 2000:  RECESSED by Committee of the Whole Notes: Continued until 11/30/00 9:00 A.M. Amendmends were adopted at this hearing
  • HEARING NOTICES SENT by Committee of the Whole
  • Nov. 30, 2000:  RECESSED by Committee of the Whole Notes: continued until 12/1/00 at 9:30 A.M.
  • HEARING NOTICES SENT by Committee of the Whole
  • Dec. 1, 2000:  HEARING NOTICES SENT by Committee of the Whole
  • RECESSED by Committee of the Whole Notes: continued until 12/2/00 @ 10:00 A.M.
  • Dec. 2, 2000:  RECESSED by Committee of the Whole Notes: Continued to 12/4/00 @ 6:00 PM
  • HEARING NOTICES SENT by Committee of the Whole
  • Dec. 4, 2000:  RECESSED by Committee of the Whole Notes: continued until 12/5/00 @ 10:00 A.M.
  • HEARING NOTICES SENT by Committee of the Whole
  • Dec. 5, 2000:  RECESSED by Committee of the Whole Notes: continued until 12/6/00 @ 10:00 A.M.
  • HEARING NOTICES SENT by Committee of the Whole
  • Dec. 6, 2000:  HEARING NOTICES SENT by Committee of the Whole
  • RECESSED by Committee of the Whole Notes: continued until 12/7/00 @ 9:00 A.M.
  • Dec. 7, 2000:  ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR by CITY COUNCIL Notes: SPECIAL SESSION SATURDAY 12/16/00
  • SUSPEND THE RULES OF THE COUNCIL by CITY COUNCIL
  • RECESSED by Committee of the Whole Notes: Recessed until 12/8/00 @ 12:00 A.M.
  • HEARING NOTICES SENT by Committee of the Whole
  • ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR by CITY COUNCIL
  • Dec. 8, 2000:  AMENDED by Committee of the Whole
  • HEARING NOTICES SENT by Committee of the Whole
  • REPORTED FAVORABLY, RULE SUSPENSION REQUESTED by Committee of the Whole
  • Dec. 20, 2000:  PASSED by CITY COUNCIL
  • READ by CITY COUNCIL
  • Dec. 28, 2000:  SIGNED by MAYOR

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Introduced: Nov. 16, 2000
Last action: Dec. 28, 2000
Status: ENACTED

Sponsors

Source

View Bill 000705 on the City Clerk's website.