City of Philadelphia - File #: 010260

• File #: 010260
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 4/26/2001
• In control: Committee on Finance
• Final action: 5/31/2001
• Title: Authorizing the Director of Commerce, Director of Aviation and other officials of the City to enter into certain lease amendments, amended agreements or other agreements with the Philadelphia Authority for Industrial Development ("PAID"), and other parties, necessary to permit the completion of two airport terminals and other airport improvements.
• Sponsors: Councilmember Blackwell
• Indexes: AIRPORT, PAID

Date	Ver.	Action By	Action	Result	Tally
5/31/2001	0	CITY COUNCIL	READ
5/31/2001	0	CITY COUNCIL	PASSED	Pass	14:3
5/31/2001	0	MAYOR	SIGNED
5/10/2001	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
5/10/2001	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
5/10/2001	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
5/7/2001	0	Committee on Finance	HEARING NOTICES SENT
5/7/2001	0	Committee on Finance	HEARING HELD
5/7/2001	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
4/26/2001	0	CITY COUNCIL	Referred
4/26/2001	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing the Director of Commerce, Director of Aviation and other officials of the City to enter into certain lease amendments, amended agreements or other agreements with the Philadelphia Authority for Industrial Development ("PAID"), and other parties, necessary to permit the completion of two airport terminals and other airport improvements.
Body
WHEREAS, The City of Philadelphia ("City") is the owner of land and improvements constituting the Philadelphia International Airport (the "Airport"); and

WHEREAS, By Ordinance adopted June 25, 1998 (Bill No. 980452) (the "1998 Ordinance") the Director of Commerce, Director of Aviation and other officials of the City were authorized to enter into leases and other agreements with Philadelphia Authority for Industrial Development ("PAID") and other parties for the development of the US Airways Project and under certain circumstances the General Improvements (together the "Project"); and

WHEREAS, PAID intends to issue its Airport Revenue Bonds, Series 2001A (Philadelphia Airport System Project) (the "2001A Bonds"), the proceeds of which will be used for the completion of the US Airways Project with certain additions, modifications, eliminations in scope and certain associated costs (the "Amended Project"); and

WHEREAS, All of the improvements included in the proposed Amended Project will be leased to the City by PAID for operation by the Division of Aviation, and where appropriate, subleased or licensed by the Division of Aviation to airline users and other users of the Airport; now therefore

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Director of Commerce is hereby authorized, on behalf of and in the name of the City of Philadelphia ("City") to enter into the following: (a) the First Amendment to the Ground and Improvements Lease (the "First Amendment to the Ground and Improvements Lease") attached as Exhibit "A"; (b) the First Amendment to the Access Agreement...