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File #: 250974    Version: 0 Name:
Type: COMMUNICATION Status: PLACED ON FILE
File created: 11/13/2025 In control: CITY COUNCIL
On agenda: Final action:
Title: November 12, 2025 TO THE PRESIDENT AND MEMBERS OF THE COUNCIL OF THE CITY OF PHILADELPHIA: I am submitting herewith for the consideration of your Honorable Body the following proposed Ordinance: AN ORDINANCE Authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia, Pennsylvania and The Philadelphia Energy Authority relating to the financing of the construction, equipping, installation and implementation of energy conservation improvements and other measures designed to reduce energy, water, wastewater, or other consumption or operating costs at specified properties owned or leased, and operated, by the City; approving the issuance by such Authority of bonds, notes or other evidences of indebtedness in one or more series to finance or refinance the costs of such project and authorizing and approving the obligation of the City to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing ...

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November 12, 2025

 

TO THE PRESIDENT AND MEMBERS OF THE COUNCIL OF THE CITY OF PHILADELPHIA:

 

I am submitting herewith for the consideration of your Honorable Body the following proposed Ordinance:

 

AN ORDINANCE

 

Authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia, Pennsylvania and The Philadelphia Energy Authority relating to the financing of the construction, equipping, installation and implementation of energy conservation improvements and other measures designed to reduce energy, water, wastewater, or other consumption or operating costs at specified properties owned or leased, and operated, by the City; approving the issuance by such Authority of bonds, notes or other evidences of indebtedness in one or more series to finance or refinance the costs of such project and authorizing and approving the obligation of the City to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing certain City officers to take certain actions required to issue such bonds, notes or other evidences of indebtedness; covenanting that the City will make necessary appropriations in each of the City’s fiscal years to provide for, and will make timely payments of, the Service Fee and other amounts due under the Service Agreement; and authorizing City officials to take other necessary or appropriate actions to effectuate the purposes of this Ordinance; all under certain terms and conditions.

 

I hereby recommend your favorable consideration of this proposed Ordinance.

 

Respectfully,

Cherelle L. Parker

Mayor

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