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Back to search resultsCOMMUNICATION 200317

Transmitting a bill constituting the Fifteenth Supplemental Ordinance to the General Gas Works Revenue Bond Ordinance of 1998 (the "1998 General Ordinance"); authorizing the City of Philadelphia, Pennsylvania (the "City") to sell, either at public or private sale, one or more series of Gas Works Revenue Bonds and Gas Works Revenue Bonds to refund such Bonds (the "Bonds"); to pay the costs of certain capital projects and other Project Costs; authorizing the City to obtain credit enhancement for any Series of the 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 Bonds shall not be arbitrage bonds; all under certain terms and conditions.

AI summary

This communication transmitted a proposed supplemental ordinance concerning Philadelphia Gas Works revenue bonds. The proposal would address issuing, selling, or refunding the bonds; paying certain capital and other project costs; obtaining credit support; and setting terms related to Gas Works revenues, debt payments, and arbitrage rules, but it was placed on file and did not enact these actions.

File details

Status
PLACED ON FILE
Introduced
May 1, 2020
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Full text

Title

Transmitting a bill constituting the Fifteenth Supplemental Ordinance to the General Gas Works Revenue Bond Ordinance of 1998 (the “1998 General Ordinance”); authorizing the City of Philadelphia, Pennsylvania (the “City”) to sell, either at public or private sale, one or more series of Gas Works Revenue Bonds and Gas Works Revenue Bonds to refund such Bonds (the “Bonds”); to pay the costs of certain capital projects and other Project Costs; authorizing the City to obtain credit enhancement for any Series of the 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 Bonds shall not be arbitrage bonds; all under certain terms and conditions.

End

File history

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

    Details not published

    No details have been published for this item. Legistar notes that this meeting's minutes have not been finalized.