Skip to main content
Back to search resultsResolution 100763

Finding that a negotiated private sale of General Obligation Bonds is in the best financial interest of the City of the Philadelphia.

AI summary

The adopted resolution finds that a negotiated private sale of up to $53.84 million in the City’s General Obligation Bonds is in Philadelphia’s best financial interest. The bonds were authorized for various capital purposes, but the resolution does not state that the sale itself has occurred.

File details

Status
ADOPTED
Introduced
November 4, 2010
Sponsors
Marian B. TascoDarrell L. ClarkeWilliam K. GreenleeCSCouncilmember SanchezFJFrank J. DiCiccoFRFrank RizzoBGBill GreenCurtis Jones, Jr.W. Wilson Goode, Jr.DRDonna Reed MillerBlondell Reynolds BrownJannie L. BlackwellAnna Cibotti VernaBrian J. O'Neill
View official record ↗

Full text

WHEREAS, By Ordinance approved September 24, 2008 (Bill No. 080543), the Council of the City of Philadelphia (the “City Council”) authorized the issuance of up to $53,840,000 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 City Council after finding that such a private sale is in the best financial interest of the City of Philadelphia (the “City”); now therefore, be it

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That a negotiated private sale of up to

$

53,840,000 of General Obligation Bonds, authorized by the Ordinance approved September 24, 2008 (Bill No. 080543), is in the best financial interest of the City.

End

PHILADELPHIA\5741003\1 276836.000

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

    Introduced, Read and Adopted

    Pass