An Ordinance Authorizing and approving the execution and delivery of a Service
Agreement between The City of Philadelphia, Pennsylvania and Philadelphia
Authority for Industrial Development relating to the financing of the buildout,
construction, equipping, installation and implementation of improvements for the
development of a forensics laboratory for the Philadelphia Police Department at a
specified property or properties owned or leased, and operated, by the City;
approving the issuance by such Authority of bonds, notes or other evidences of
indebtedness in one or more series to finance or refinance the costs of such project
and authorizing and approving the obligation of the City 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 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 City officials to take other necessary or appropriate actions to
effectuate the purposes of this Ordinance; all under certain terms and conditions.
Attachments:
