City of Philadelphia - File #: 010425

• File #: 010425
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/31/2001
• In control: Committee on Rules
• Final action: 12/6/2001
• Title: Declaring that it is desirable for the health, safety and welfare of the people in the area served by SPECIAL PEOPLE IN NORTHEAST, INC., a Pennsylvania nonprofit corporation, for The Hospitals and Higher Education Facilities Authority of Philadelphia to participate in the financing of certain projects for SPECIAL PEOPLE IN NORTHEAST, INC., including the refinancing of acquisition loans for properties located at 7516-18 Claridge street; 4315 Enfield road; 14029 Erwin street; 333 Fanshawe street; 9218 Academy road; 6323-25 Newtown avenue; and 2834 Nightingale road.
• Sponsors: Councilmember O'Neill
• Indexes: HOSPITALS & HIGHER EDUCATION FACILITIES AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
12/19/2001	0	MAYOR	SIGNED
12/6/2001	0	CITY COUNCIL	READ
12/6/2001	0	CITY COUNCIL	PASSED	Pass	15:0
11/29/2001	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
11/29/2001	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
11/29/2001	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
11/20/2001	0	Committee on Rules	HEARING NOTICES SENT
11/20/2001	0	Committee on Rules	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/20/2001	0	Committee on Rules	HEARING HELD
5/31/2001	0	CITY COUNCIL	Referred
5/31/2001	0	CITY COUNCIL	Introduced	Pass

Title
Declaring that it is desirable for the health, safety and welfare of the people in the area served by SPECIAL PEOPLE IN NORTHEAST, INC., a Pennsylvania nonprofit corporation, for The Hospitals and Higher Education Facilities Authority of Philadelphia to participate in the financing of certain projects for SPECIAL PEOPLE IN NORTHEAST, INC., including the refinancing of acquisition loans for properties located at 7516-18 Claridge street; 4315 Enfield road; 14029 Erwin street; 333 Fanshawe street; 9218 Academy road; 6323-25 Newtown avenue; and 2834 Nightingale road.
Body
WHEREAS, The Hospitals and Higher Education Facilities Authority of Philadelphia (the "Authority") was duly incorporated under the provisions of the Municipality Authorities Act of 1945, Act of May 2, 1945, P.L. 382, as amended (the "Act"); and

WHEREAS, SPECIAL PEOPLE IN NORTHEAST, INC. ("SPIN") previously requested that the Authority issue its Revenue Notes, Series of 1999 (the "1999 Notes") in one or more series in an aggregate principal amount not to exceed $5,600,000.00 and lend the proceeds thereof to SPIN for the purpose of financing all or a portion of (1)the purchase of two existing buildings located at 10541 Drummond road, Philadelphia, PA 19154 and 10501 Drummond road, Philadelphia, PA 19154 for use as administrative offices by SPIN, (2) the refinancing of two other buildings containing administrative offices of SPIN, located in the northeastern part of the City of Philadelphia, (3)the refinancing of loans secured by 17 properties owned and operated by SPIN or its affiliate, located in the northeastern part of the City of Philadelphia, and (4) the acquisition of additional properties in the northeastern part of the City of Philadelphia, subject to a determination of desirability by subsequent ordinance of the Council of the City of Philadelphia ("City Council") (items (1), (2), and (3) constituting the "Initial Project" and item (4) constituting the "Supplemental Project")...