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Declaring that it is desirable for the health, safety and welfare of the people in the area served by The Children's Hospital of Philadelphia, The Children's Hospital Foundation and The Children's Seashore House of The Children's Hospital of Philadelphia, Inc. for The Hospitals and Higher Education Facilities Authority of Philadelphia to participate with such institutions in certain improvement and expansion projects to such institutions' facilities, primarily at their campus located at Thirty-fourth Street and Civic Center Boulevard, Philadelphia, Pennsylvania.
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WHEREAS, The Hospitals and Higher Education Facilities Authority of Philadelphia (the "Authority"), a body politic and corporate, was incorporated on February 9, 1974, pursuant to an Ordinance dated January 28, 1974, under the Municipality Authorities Act, now codified at 53 Pa. C.S., Ch. 56 (the "Act"); and
WHEREAS, the Act specifies, inter alia, that the purpose of an Authority shall be for "acquiring, holding, constructing, financing, improving, maintaining and operating, owning or leasing, either in the capacity of lessor or lessee, projects of the following kind and character . . . hospitals and health centers"; and
WHEREAS, The Children's Hospital of Philadelphia, a Pennsylvania nonprofit corporation, The Children's Hospital Foundation, a Pennsylvania nonprofit corporation and The Children's Seashore House of The Children's Hospital of Philadelphia, Inc., a New Jersey nonprofit corporation (collectively, the "Institutions") plan to undertake a project (the "Project") primarily at the Institutions' campus located at Thirty-fourth Street and Civic Center Boulevard, Philadelphia, Pennsylvania, consisting of the (a) completion of the West Tower Building (to be used for operating rooms, clinical laboratories, patient rooms, cafeteria, radiology, emergency room extension and administrative/physician offices); (b) construction of the new South Campus (vivarium, research building, centr...
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