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Transmitting a bill constituting the Twelfth Supplemental Ordinance to the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, as supplemented; authorizing the Bond Committee to issue and sell either at public or private sale, Water and Wastewater Revenue Bonds; authorizing agreements to provide credit enhancement and payment and liquidity sources for such Bonds; authorizing the Director of Finance to take certain actions with regard to the sale of such Bonds, the investment of proceeds thereof and the City's continuing disclosure obligation; setting forth the use of proceeds; covenanting the payment of interest and principal; and supplementing the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, all under certain terms and conditions, accompanied by an explanatory letter from the City Treasurer.

AI summary

This communication, now placed on file, transmitted a proposed bill to supplement Philadelphia’s 1989 water and wastewater revenue bond ordinance. The proposal would address the sale of water and wastewater revenue bonds, related credit and payment arrangements, the use of bond proceeds, and the Finance Director’s responsibilities for the sale, investment, and disclosure of information about the bonds.

File details

Status
PLACED ON FILE
Introduced
April 23, 2009
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Full text

Title

Transmitting a bill constituting the Twelfth Supplemental Ordinance to the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, as supplemented; authorizing the Bond Committee to issue and sell either at public or private sale, Water and Wastewater Revenue Bonds; authorizing agreements to provide credit enhancement and payment and liquidity sources for such Bonds; authorizing the Director of Finance to take certain actions with regard to the sale of such Bonds, the investment of proceeds thereof and the City's continuing disclosure obligation; setting forth the use of proceeds; covenanting the payment of interest and principal; and supplementing the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, all under certain terms and conditions, accompanied by an explanatory letter from the City Treasurer.

End

City of Philadelphia

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DMEAST #10174922 v4

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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