Title
Declaring that it is desirable for the health, safety and welfare of the people in the area served by The Children's Hospital of Philadelphia and The Children's Hospital of Philadelphia Foundation for The Hospitals and Higher Education Facilities Authority of Philadelphia to participate with such institutions in constructing a new, 5-story ambulatory care center and making certain other capital improvements to such institutions' buildings and facilities primarily at their campus located at 34th Street and Civic Center Boulevard, Philadelphia, Pennsylvania.
Body
WHEREAS, The Hospitals and Higher Education Facilities Authority of Philadelphia (the "Authority"), a body politic and corporate, was incorporated on February 9, 1974, pursuant to an Ordinance dated January 28, 1974, under the Municipality Authorities Act, now codified at 53 Pa. C.S., ch. 56 (the "Act"); and
WHEREAS, The Act specifies, inter alia, that the purpose of an Authority shall be for "... acquiring, holding, constructing, financing, improving, maintaining and operating, owning or leasing, either in the capacity of lessor or lessee, projects of the following kind and character: ... hospitals and health centers"; and
WHEREAS, The Children's Hospital of Philadelphia, a Pennsylvania nonprofit corporation and The Children's Hospital of Philadelphia Foundation, a Pennsylvania nonprofit corporation (collectively, the "Institutions") plan to undertake a project (the "Project") primarily at the Institutions' campus located at 34th Street and Civic Center Boulevard, Philadelphia, Pennsylvania, consisting of: (i) the construction of a new, 5-story ambulatory care center, a 5-level underground parking garage for 1,500 cars and other improvements relating to the ambulatory care center; (ii) undertaking certain other miscellaneous capital projects, equipment purchases and campus renovation; (iii) reimbursing the Institutions for certain costs heretofore incurred in connection with such proje...
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