City of Philadelphia - File #: 020075

• File #: 020075
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 2/14/2002
• In control: Committee on Finance
• Final action: 6/13/2002
• Title: Approving the Fiscal Year 2002 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works, including the supplying of funds to be obtained in connection therewith, and rejecting the Forecast for Fiscal Years 2003 through 2007.
• Sponsors: Councilmember Blackwell, Councilmember Tasco
• Indexes: CAPITAL BUDGET, PHILADELPHIA GAS WORKS

Date	Ver.	Action By	Action	Result	Tally
6/26/2002	1	MAYOR	SIGNED
6/13/2002	1	CITY COUNCIL	READ
6/13/2002	1	CITY COUNCIL	PASSED	Pass	17:0
6/6/2002	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/6/2002	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/6/2002	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/4/2002	0	Committee on Finance	HEARING NOTICES SENT
6/4/2002	0	Committee on Finance	HEARING HELD
6/4/2002	1	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/4/2002	0	Committee on Finance	AMENDED
2/14/2002	0	CITY COUNCIL	Referred
2/14/2002	0	CITY COUNCIL	Introduced	Pass

Title
Approving the Fiscal Year 2002 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works, including the supplying of funds to be obtained in connection therewith, and rejecting the Forecast for Fiscal Years 2003 through 2007.
Body
WHEREAS, Section IV (2)(b) of the Agreement Between The City Of Philadelphia And The Philadelphia Facilities Management Corporation For The Management And Operation Of The Philadelphia Gas Works ("the Management Agreement") requires the Philadelphia Gas Works ("PGW") to prepare annually a proposed capital budget for the ensuing year and a forecast for the six (6) years comprising the ensuing budget year and the five (5) years next following; and

WHEREAS, Section IV (2)(b) of the Management Agreement also requires that the proposed capital budget and forecast be submitted to the Director of Finance and the Gas Commission in sufficient time for their review and submission of said budget and forecast, together with their recommendations thereon, to City Council no later than the middle of the fourth month preceding the September 1 beginning of the Gas Works' fiscal year so that City Council may act on these filings; and

WHEREAS, Section IV (2)(c) of the Management Agreement provides that all PGW expenditures and commitments be made pursuant to approved budgets; and

WHEREAS, At public meetings held January 23, 2002, and April 16, 2002, the Gas Commission deliberated and took action on PGW's Proposed FY 2002 Capital Budget as then amended and as reflected in the applicable Gas Commission Resolution and Order dated May 10, 2002; and

WHEREAS, By Capital Budget Resolution and Order dated May 10, 2002, the Gas Commission endorsed and recommended that City Council take the following actions: (A) Reject the amended Fiscal Year 2002 Capital Budget proposal advanced by PGW; (B) Approve a Fiscal Year 2002 PGW Capital Budget of fifty-four million eight hundred nineteen thousand dollars ($54,...