City of Philadelphia - File #: 110660

• File #: 110660
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 10/6/2011
• In control: Committee on Finance
• Final action: 10/27/2011
• Title: Constituting the Eleventh Supplemental Ordinance to the Amended and Restated General Airport Revenue Refunding Bond Ordinance; authorizing the Mayor, the City Controller and the City Solicitor, or a majority of them, to issue and sell one or more series of tax-exempt or taxable Airport Revenue Refunding Bonds of the City of Philadelphia; designating the obligations to be refunded from certain proceeds of such Airport Revenue Refunding Bonds; setting forth the use of proceeds; providing for the pledge of certain passenger facility charges solely for bonds which refund the City of Philadelphia, Pennsylvania, Airport Revenue Bond, Series 1998B and the City of Philadelphia, Pennsylvania, Airport Revenue Bond, Series 2001A; determining the sufficiency of pledged Amounts Available for Debt Service; covenanting for the payment of interest and principal; authorizing the Bond Committee to take certain action with regard to the terms and conditions of the Airport Revenue Refunding Bonds and rela...
• Sponsors: Councilmember Tasco
• Indexes: AIRPORT, BONDS

Date	Ver.	Action By	Action	Result	Tally
11/2/2011	0	MAYOR	SIGNED
10/27/2011	0	CITY COUNCIL	READ AND PASSED	Pass	16:0
10/20/2011	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/20/2011	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
10/20/2011	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
10/18/2011	0	Committee on Finance	HEARING NOTICES SENT
10/18/2011	0	Committee on Finance	HEARING HELD
10/18/2011	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
10/6/2011	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Constituting the Eleventh Supplemental Ordinance to the Amended and Restated General Airport Revenue Refunding Bond Ordinance; authorizing the Mayor, the City Controller and the City Solicitor, or a majority of them, to issue and sell one or more series of tax-exempt or taxable Airport Revenue Refunding Bonds of the City of Philadelphia; designating the obligations to be refunded from certain proceeds of such Airport Revenue Refunding Bonds; setting forth the use of proceeds; providing for the pledge of certain passenger facility charges solely for bonds which refund the City of Philadelphia, Pennsylvania, Airport Revenue Bond, Series 1998B and the City of Philadelphia, Pennsylvania, Airport Revenue Bond, Series 2001A; determining the sufficiency of pledged Amounts Available for Debt Service; covenanting for the payment of interest and principal; authorizing the Bond Committee to take certain action with regard to the terms and conditions of the Airport Revenue Refunding Bonds and related agreements and the elections under the Amended and Restated General Airport Revenue Bond Ordinance; authorizing the Director of Finance to take certain actions with regard to the sale of such Airport Revenue Refunding Bonds, the investment of the proceeds thereof and the City's continuing disclosure obligation; and specifying applicability of sections of The First Class City Revenue Bond Act and the Amended and Restated General Airport Revenue Bond Ordinance.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Authorization, Scope and Purpose. The Mayor, the City Controller and the City Solicitor, or a majority of them (the "Bond Committee"), are hereby authorized, on behalf of the City of Philadelphia (the "City"), to borrow, by the issuance and sale of Airport Revenue Refunding Bonds (the "Bonds"), a sum or sums which in the aggregate shall not exceed the principal amount of the Bonds authorized to be issued hereunder, to be expended...