City of Philadelphia - File #: 130419

• File #: 130419
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 5/16/2013
• In control: Committee on Public Property and Public Works
• Title: Authorizing an amendment of the Philadelphia Facilities Management Corporation Agreement to increase the annual payment by the Philadelphia Gas Works to the City, under certain terms and conditions.
• Sponsors: Councilmember Jones, Councilmember Quiñones Sánchez, Councilmember Henon, Councilmember Johnson
• Indexes: PHILADELPHIA FACILITIES MANAGEMENT CORPORATION

Date	Ver.	Action By	Action	Result	Tally
12/5/2013	0	CITY COUNCIL	ORDER THE BILL PLACED ON NEXT WEEK'S SUSPENSION CALENDAR
6/6/2013	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/6/2013	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/6/2013	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/4/2013	0	Committee on Public Property and Public Works	HEARING HELD
6/4/2013	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/4/2013	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
5/16/2013	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Authorizing an amendment of the Philadelphia Facilities Management Corporation Agreement to increase the annual payment by the Philadelphia Gas Works to the City, under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. City Council hereby authorizes the amendment of that certain Agreement Between The City of Philadelphia and the Philadelphia Facilities Management Corporation for the Management and Operation of the Philadelphia Gas Works, originally dated December 29, 1972, authorized pursuant to an Ordinance of City Council, approved December 29, 1972 (Bill No. 455), as amended, as follows:

To revise Section VII (Gas Rates) to read as follows, with new text in bold and deleted text stricken through:
SECTION VII

Gas Rates

1. The Gas Commission shall fix and regulate rates and charges for supplying gas to customers, other than the City and the Board of Education, without further authorization of City Council, which (together with revenues for gas supplied to the City and to the Board of Education and other revenues of the Gas Works qualifying as "project revenues" as such term is defined in Section 2 of The First Class City Revenue Bond Act) will, in each fiscal year produce revenues, at a minimum:

* * *

(b) Sufficient also (together with the excess on a cumulative basis of internally generated funds available for the purposes set forth below in this subparagraph (b) of prior years beginning after June 30, 1974, to the extent that such excess shall not have been applied to such purposes and shall be available for the payment of general expenses of such fiscal year and, subject and subordinate to the payment or provision for payment of all operation and maintenance costs and all sinking fund and sinking fund reserve requirements as set forth in subparagraph (a) of this subsection 1., together with the excess funds provided by revenues of such fiscal year not required f...