City of Philadelphia - File #: 060377

• File #: 060377
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/11/2006
• In control: Committee on Finance
• Final action: 6/15/2006
• Title: Further amending Bill No. 050792, entitled "An Ordinance approving the Fiscal Year 2006 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works (including the supplying of funds in connection therewith) subject to certain constraints and conditions, and acknowledging receipt of the Forecast of Capital Budgets for Fiscal Years 2007 through 2011", as previously amended by Bill No. 060011, by approving a further revised Capital Budget for Fiscal Year 2006.
• Sponsors: Councilmember Tasco
• Indexes: PHILADELPHIA GAS WORKS

Date	Ver.	Action By	Action	Result	Tally
9/14/2006	0	MAYOR	SIGNED
6/15/2006	0	CITY COUNCIL	READ
6/15/2006	0	CITY COUNCIL	PASSED	Pass	15:0
6/8/2006	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/8/2006	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/8/2006	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/6/2006	0	Committee on Finance	HEARING HELD
6/6/2006	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/5/2006	0	Committee on Finance	HEARING NOTICES SENT
6/5/2006	0	Committee on Finance	RECESSED
5/24/2006	0	Committee on Finance	HEARING NOTICES SENT
5/11/2006	0	CITY COUNCIL	Referred
5/11/2006	0	CITY COUNCIL	Introduced	Pass

Title
Further amending Bill No. 050792, entitled "An Ordinance approving the Fiscal Year 2006 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works (including the supplying of funds in connection therewith) subject to certain constraints and conditions, and acknowledging receipt of the Forecast of Capital Budgets for Fiscal Years 2007 through 2011", as previously amended by Bill No. 060011, by approving a further revised Capital Budget for Fiscal Year 2006.
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 ("Management Agreement") requires the Philadelphia Facilities Management Corporation ("PFMC") to prepare annually for the Philadelphia Gas Works ("PGW") 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 for their review and for submission of said budget and forecast, together with their recommendations thereon, to City Council for its approval; and

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

WHEREAS, a Fiscal Year ("FY") 2006 Capital Budget for PGW in the "not-to-exceed" amount of sixty four million six hundred nineteen thousand dollars ($64,619,000) was approved by Ordinance passed by City Council (Bill No. 050792) on November 3, 2005 and signed by the Mayor on November 17, 2005 ("FY 2006 Budget Ordinance"); and

WHEREAS, an amended FY 2006 Capital Budget for PGW in the "not-to-exceed" amount of sixty five million eight hundred thirty five thousand dollars ($65,835,000) was approved b...