Title
Amending Bill No. 100307, entitled "An Ordinance approving the Fiscal Year 2011 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 2012 through 2016," by approving a Revised Capital Budget for Fiscal Year 2011.
Body
WHEREAS, A Fiscal Year ("FY") 2011 Capital Budget for PGW in the "not-to-exceed" amount of sixty seven million six hundred eighty nine thousand dollars ($67,689,000) was adopted by the City on June 23, 2010; and
WHEREAS, On October 12, 2010 PGW filed with the Gas Commission a request to increase the FY 2011 Capital Budget by one million nine hundred twenty six thousand dollars ($1,926,000) to fund capital improvements to the Penrose Metering & Regulating ("M&R") station and the related installation of high pressure main in order to provide gas services to the Philadelphia Water Department ("PWD") for a Biosolids Treatment Facility; and
WHEREAS, The Gas Commission's review of said request culminated in deliberations taken at a public meeting held on January 18, 2011 whereby the Gas Commission endorsed proposed amendments to the FY 2011 Capital Budget that would increase said Budget by a total of one million one hundred sixty eight thousand dollars ($1,168,000) subject to certain constraints and conditions; and
WHEREAS, Said amendments would result in a new "not-to-exceed" FY 2011 Capital Budget of sixty eight million eight hundred fifty seven thousand dollars ($68,857,000); and
WHEREAS, On January 21, 2011 PGW filed with the Gas Commission a Revised Compliance FY 2011 Capital Budget Proposal of sixty eight million eight hundred fifty seven thousand dollars ($68,857,000); and
WHEREAS, Council seeks to provide for the evolving capital needs and related expenditures of PGW by amending the FY 2011 Capi...
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