The Committee on Finance of the Council of the City of Philadelphia will hold a Public
Meeting on Thursday, June 4, 2026, at 9:30 AM, in Room 400, City Hall, on the following
items:
An Ordinance Authorizing an increase in the non-electoral indebtedness of the City
within the Pennsylvania constitutional limit; authorizing the Bond Committee to sell
bonds at public or private negotiated sale, to provide funds toward various capital
municipal purposes; providing for appropriations to the Sinking Fund Commission for
the payment of such bonds; and authorizing agreements to provide credit or payment
or liquidity sources for the bonds in connection with issuance of the bonds, and
certain other actions.
Attachments:
An Ordinance Authorizing and approving the execution and delivery of a Service
Agreement between The City of Philadelphia and The Philadelphia Municipal
Authority relating to the financing of the acquisition of 400 North Broad Street and
1501 Callowhill Street (together with certain ancillary property rights), which
premises the City has sub-leased for use as the City’s police headquarters and certain
other uses; approving the issuance by the Authority of bonds, notes or other
evidences of indebtedness (including reimbursement obligations related to lines or
letters of credit) in one or more series to finance or refinance such acquisition costs
and authorizing and approving the obligation of The City of Philadelphia to pay in full
when due the Service Fee and other amounts payable under the Service Agreement;
authorizing certain City officers to take certain actions required to issue such bonds,
notes or other evidences of indebtedness; covenanting that The City of Philadelphia
will make necessary appropriations in each of the City’s fiscal years to provide for,
and will make timely payments of, the Service Fee and other amounts due under the
Service Agreement; and authorizing and approving the Director of Finance of the City
and other City officials to take other necessary or appropriate actions to effectuate
the purposes of this ordinance; all under certain terms and conditions.
Attachments:
The meeting of the Committee on Finance, open to the public, will be held to consider
the action to be taken on the above listed items. Copies of the foregoing items are
available in the Office of the Chief Clerk of the Council, Room 402, City Hall.
