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Approving a revised base payment obligation of the Philadelphia Gas Works to the City under the December 29, 1972, Agreement between the City and the Philadelphia Facilities Management Corporation, as amended, for Fiscal Year 2004.

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File details

Status
LAPSED
Type
Bill
Introduced
April 21, 2005
Sponsors
CTCouncilmember Tasco

Full Bill

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

Section 1. Pursuant to subparagraph (1)(b)(i) of Section VII of the December 29, 1972, Agreement between the City and the Philadelphia Facilities Management Corporation, as amended, the Philadelphia Gas Works' base payment in the amount of $18,000,000 in aggregate annual principal, and interest on such base amount, is reduced to $0 (zero dollars), for Fiscal Year 2004 only.

Section 2. The Director of Finance is hereby authorized to execute any documents necessary to carry out the purpose of Section 1 of this Ordinance, which document(s) shall include such terms as deemed necessary by the City Solicitor to protect the interest of the City.

End

Timeline

File history

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.

  1. UnanimousCITY COUNCIL

    Introduced (By Request) and Referred

    Marked unanimous; no member-by-member tally published.

    Pass
    Official action detail

    A motion was made by Councilmember Tasco that this matter be Introduced (By Request) and Referred. The motion carried unanimously.

    Source: LegislationDetail.aspx · gridLegislation

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