City of Philadelphia - File #: 020674

• File #: 020674
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 10/31/2002
• In control: Committee on Finance
• Final action: 11/21/2002
• Title: Constituting the Eighth Supplemental Ordinance to the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, as supplemented; authorizing the Bond Committee, or a majority of them, to issue and sell either at public or private sale in one or more series or subseries, Water and Wastewater Revenue Bonds of the City of Philadelphia (the "City"); authorizing approval of the form or forms of Bonds; providing that the Bonds shall bear interest at a prescribed fixed rate or rates or at variable rates which may be payable in different modes, and authorizing agreements to provide credit enhancement or payment or liquidity sources or swap payments for the Bonds and certain other actions; authorizing the Director of Finance of the City to take certain actions with regard to the sale of such Water and Wastewater Revenue Bonds, the investment of proceeds thereof and the City's continuing disclosure obligation; setting forth the use of proceeds and providing for the application of int...
• Sponsors: Councilmember Blackwell
• Indexes: RESTATED GENERAL WATER AND WASTEWATER REVENUE BOND ORDINANCE

Date	Ver.	Action By	Action	Result	Tally
11/22/2002	0	MAYOR	SIGNED
11/21/2002	0	CITY COUNCIL	READ
11/21/2002	0	CITY COUNCIL	PASSED	Pass	17:0
11/14/2002	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
11/14/2002	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
11/14/2002	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
11/13/2002	0	Committee on Finance	HEARING NOTICES SENT
11/13/2002	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/13/2002	0	Committee on Finance	HEARING HELD
10/31/2002	0	CITY COUNCIL	Introduced	Pass
10/31/2002	0	CITY COUNCIL	Referred

Title
Constituting the Eighth Supplemental Ordinance to the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, as supplemented; authorizing the Bond Committee, or a majority of them, to issue and sell either at public or private sale in one or more series or subseries, Water and Wastewater Revenue Bonds of the City of Philadelphia (the "City"); authorizing approval of the form or forms of Bonds; providing that the Bonds shall bear interest at a prescribed fixed rate or rates or at variable rates which may be payable in different modes, and authorizing agreements to provide credit enhancement or payment or liquidity sources or swap payments for the Bonds and certain other actions; authorizing the Director of Finance of the City to take certain actions with regard to the sale of such Water and Wastewater Revenue Bonds, the investment of proceeds thereof and the City's continuing disclosure obligation; setting forth the use of proceeds and providing for the application of interest and income earned on such proceeds; determining the sufficiency of the Project Revenues; covenanting the payment of interest and principal; and supplementing the Restated General Water and Wastewater Revenue Bond Ordinance of 1989.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Authorization, Scope and Purpose. This Supplemental Ordinance is enacted pursuant to the provisions of The First Class City Revenue Bond Act, approved October 18, 1972 (Act No. 234, 53 P.S. §§15901 to 15924), as amended (the "Act"), and constitutes a Supplemental Ordinance enacted for the purpose of authorizing one or more Series of Bonds within the meaning of the City's Restated General Water and Wastewater Revenue Bond Ordinance of 1989 (Bill No. 544) approved June 24, 1993 (the "General Ordinance"), as supplemented by a Supplemental Ordinance (Bill No. 558) approved June 24, 1993, a Second Supplemental Ordinance (Bill No. 771) approved May 9, 1994, a Third Supple...