County of Chester, dated May 19, 2016, to a 15-year term, in
accordance with the terms and conditions of the lease agreement.
The lease agreement shall be on file with the Department of
General Services.
Section 2. Inconsistent repeal.
Section 2402(i) of the act of April 9, 1929 (P.L.177,
No.175), known as The Administrative Code of 1929, is repealed
to the extent of any inconsistency with this act.
Section 2. Land within the Delaware River bed and 709-711 Penn
Street, City of Philadelphia.
(a) Authorization.--The Commonwealth owns the lands within
the bed of the Delaware River, a portion of which lands are
located in the 5th Ward of the City of Philadelphia, and
includes lands commonly known as 709 - 711 Penn Street, Pier No.
35 1/2 North. The Department of General Services, with the
concurrence of the Department of Environmental Protection,
acting on behalf of the Commonwealth, is authorized to lease,
for consideration, to Pier 35 1/2 LLC, or its nominee
(hereinafter "lessee") for an initial term of 99 years, land
within the bed of the Delaware River in the City of
Philadelphia, and to extend the period for all or any portion of
the leased premises for an additional term of up to 99 years.
(b) Description of property.--The land to be leased is more
particularly described as follows:
ALL THAT CERTAIN lot or piece of ground together with the
improvements thereon erected, situate in the 5th Ward of the
City of Philadelphia, Pennsylvania and shown on a Boundary and
Topographic Survey made for Pier 35 1/2, LLC, Penn Street &
Fairmount Avenue, Pier 35 N, Lot 9, Map 5 N 4, 5th Ward, City &
County of Philadelphia, Commonwealth of Pennsylvania by Control
A08909 - 2 -
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