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Back to search resultsCOMMUNICATION 070218

Transmitting a bill constituting the Seventh Supplemental Ordinance to the Amended and Restated General Airport Revenue Bond Ordinance; authorizing the Use and Lease Agreements, if any, with the Scheduled Airlines to provide for the use of the alternate definition of "Project Revenues" under the Amended and Restated General Airport Revenue Bond Ordinance; authorizing the use and Lease Agreements, if any, with the Scheduled Airlines to provide for the alternate definition of "Operating Expenses" under the Amended and Restated General Airport Revenue Bond Ordinance; amending the Amended and Restated General Airport Revenue Bond Ordinance to make changes therein to conform to the new Airline-Airport Use and Lease Agreements, if any; electing under the Amended and Restated General Airport Revenue Bond Ordinance to provide for the use of the alternate definition of "Project Revenues"; electing under the Amended and Restated General Airport Revenue Bond Ordinance to provide for the use of th...

AI summary

This communication transmitted a proposed bill concerning Philadelphia’s General Airport Revenue Bond Ordinance and potential use and lease agreements with scheduled airlines. The proposal would address how airport revenues and operating expenses, including those connected to the Outside Terminal Area, are defined and pledged for bond purposes; the item was placed on file.

File details

Status
PLACED ON FILE
Introduced
March 22, 2007
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Full text

Title

Transmitting a bill constituting the Seventh Supplemental Ordinance to the Amended and Restated General Airport Revenue Bond Ordinance; authorizing the Use and Lease Agreements, if any, with the Scheduled Airlines to provide for the use of the alternate definition of “Project Revenues” under the Amended and Restated General Airport Revenue Bond Ordinance; authorizing the use and Lease Agreements, if any, with the Scheduled Airlines to provide for the alternate definition of “Operating Expenses” under the Amended and Restated General Airport Revenue Bond Ordinance; amending the Amended and Restated General Airport Revenue Bond Ordinance to make changes therein to conform to the new Airline-Airport Use and Lease Agreements, if any; electing under the Amended and Restated General Airport Revenue Bond Ordinance to provide for the use of the alternate definition of “Project Revenues”; electing under the Amended and Restated General Airport Revenue Bond Ordinance to provide for the use of the alternate definition of “Operating Expenses”; authorizing the Bond Committee to pledge as Project Revenues under the Amended and Restated General Airport Revenue Bond Ordinance all revenues, rents, rates, tolls or other charges generated by or allocable to the Outside Terminal Area; and authorizing the Bond Committee to include in the definition of “Operating Expenses” all costs and expenses allocable to the Outside Terminal Area to the extent that the Bond Committee determines to pledge as Project Revenues under the Amended and Restated General Airport Revenue Bond Ordinance all revenues, rents, rates, tolls or other charges generated by or allocable to the Outside Terminal Area, accompanied by an explanatory letter from the Director of Commerce.

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

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