WHEREAS, By Ordinance approved April 24, 1998 (Bill No. 980006), the Council authorized the issuance of up to $102,110,00 of General Obligation Bonds for various capital purposes; and
WHEREAS, By Ordinance approved April 14, 1999 (Bill No. 990115), the Council authorized the issuance of up to $196,893,990 of General Obligation Bonds for various capital purposes; and
WHEREAS, Act 1985-85, approved December 8, 1985, P.L. 324, requires that in order to sell such bonds at a negotiated private sale a resolution shall be adopted by a majority of the members of Council after finding that such a private sale is in the best financial interest of the City; now therefore
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That a negotiated private sale of up to $102,110,000 of General Obligation Bonds, net of original issue discount and amounts necessary for any costs of issuance in connection with such bonds, authorized by the Ordinance approved April 24, 1998 (Bill No. 980006), is in the best financial interest of the City; and
FURTHER RESOLVED, That a negotiated private sale of up to $192,890,000 of General Obligation Bonds, net of original issue discount and amounts necessary for any costs of issuance in connection with such bonds, authorized by Ordinance approved April 14, 1999 (Bill No. 990115), is in the best financial interest of the City.
End
Timeline
A file can move through several public steps, including introduction, hearings, amendments, votes and final action. This timeline puts those events in date order, groups routine entries from the same day, and attaches published member votes to the action they record.
Marked unanimous; no member-by-member tally published.
A motion was made by Councilmember Blackwell that this matter be Introduced. The motion carried unanimously.
Source: LegislationDetail.aspx · gridLegislation
Other recorded action without a published tally.
Source: LegislationDetail.aspx · gridLegislation
Other recorded action without a published tally.
Source: LegislationDetail.aspx · gridLegislation