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Transmitting a bill constituting the Tenth Supplemental Ordinance to the General Gas Works Revenue Bond Ordinance of 1998 (the "1998 General Ordinance"); authorizing the City to sell, either at public or private sale, Gas Works Revenue Bonds, Ninth Series, to pay the costs of certain capital projects and other Project Costs; authorizing the City to obtain Credit Facilities for the Ninth Series Bonds; making certain determinations and covenants relating to Gas Works Revenues and the payment of interest and principal; and authorizing covenants and actions in order that the Ninth Series Bonds shall not be arbitrage bonds; all under certain terms and conditions, accompanied by an explanatory letter from the City Treasurer.

AI summary

This communication transmits a proposed supplemental ordinance concerning Philadelphia Gas Works revenue bonds. The proposal would address the possible sale of Ninth Series Gas Works Revenue Bonds to fund certain capital and other project costs, obtain credit facilities, and set terms related to Gas Works revenues, debt payments, and federal arbitrage rules; the item was placed on file.

File details

Status
PLACED ON FILE
Introduced
April 23, 2009
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Full text

Title

Transmitting a bill constituting the Tenth Supplemental Ordinance to the General Gas Works Revenue Bond Ordinance of 1998 (the “1998 General Ordinance”); authorizing the City to sell, either at public or private sale, Gas Works Revenue Bonds, Ninth Series, to pay the costs of certain capital projects and other Project Costs; authorizing the City to obtain Credit Facilities for the Ninth Series Bonds; making certain determinations and covenants relating to Gas Works Revenues and the payment of interest and principal; and authorizing covenants and actions in order that the Ninth Series Bonds shall not be arbitrage bonds; all under certain terms and conditions, accompanied by an explanatory letter from the City Treasurer.

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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