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Title:
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Authorizing the Director of Finance, on behalf of the City, to enter into an amendment to a Contract for Parking Services with The Philadelphia Parking Authority (the "Parking Authority"), such amendment to provide for the Parking Authority to apply the proceeds of certain parking revenue bonds heretofore issued by said Authority in 1999 to a substitute project consisting of the construction of (i) parking facilities at property generally located at the northwest corner of Eighth and Chestnut streets in the City of Philadelphia (the "Substitute Parking Facilities Project"); and (ii) additional parking facilities on adjacent property generally located at Eighth and Market streets (the "Additional Parking Facilities Project"), such Substitute Parking Facilities Project and Additional Parking Facilities Project to be in lieu of the acquisition by the Parking Authority of an off-street multi-story parking garage facility heretofore authorized by Ordinance (Bill No. 990186) approved May 10, 1999.
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Action text:
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A motion was made by Councilmember DiCicco that this matter be Introduced. The motion carried unanimously.
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