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Amending Bill No. 110343 entitled "An Ordinance approving the Fiscal Year 2012 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 2013 through 2017" by approving a Revised Capital Budget for Fiscal Year 2012.
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WHEREAS, A Fiscal Year ("FY") 2012 Capital Budget for PGW in the "not-to-exceed" amount of eighty million eight hundred thirty seven thousand dollars ($80,837,000) was adopted by the City on June 15, 2011; and
WHEREAS, On September 30, 2011 PGW filed with the Gas Commission a request to increase the FY 2012 Capital Budget by one million eight hundred sixty four thousand dollars ($1,864,000) to fund the replacement of the Mobile Radio System; and
WHEREAS, The Gas Commission's review of said request culminated in deliberations taken at a public meeting held on February 7, 2012 whereby the Gas Commission endorsed a proposed amendment to the FY 2012 Capital Budget that would increase said Budget by a total of one million seven hundred twenty nine thousand dollars ($1,729,000) for such purpose subject to certain constraints and conditions; and
WHEREAS, Said amendment would result in a new "not-to-exceed" FY 2012 Capital Budget of eighty two million five hundred sixty six thousand dollars ($82,566,000); and
WHEREAS, On February 10, 2012 PGW filed with the Gas Commission a Revised Compliance FY 2012 Capital Budget Proposal of eighty two million five hundred sixty six thousand dollars ($82,566,000); and
WHEREAS, Council seeks to provide for the evolving capital needs and related expenditures of PGW by amending the FY 2012 Capital Budget to support the replacement of the Mobile Radio System.
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1.
Section 1 of Bill No. 110343 is amended a...
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