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Back to search resultsCOMMUNICATION 220552

Transmitting an ordinance authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia and The Philadelphia Energy Authority relating to the financing of the construction, equipping and installation of an energy efficient City street lighting system and related improvements; approving the issuance by such Authority of bonds, notes or other evidences of indebtedness in one or more series to finance or refinance such project and authorizing and approving the obligation of the City to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing certain City officers to take certain actions required to issue such bonds, notes or other evidences of indebtedness; covenanting that the City will make necessary appropriations in each of the City's fiscal years to provide for, and will make timely payments of, the Service Fee and other amounts due under the Service Agreement; and authorizing City officials...

AI summary

This communication transmitted a proposed ordinance about a service agreement between Philadelphia and the Philadelphia Energy Authority to finance construction, equipment, and installation of an energy-efficient city street lighting system and related improvements. The proposed item also addressed possible bonds or other debt, City payments and appropriations, and actions by City officials; it was placed on file and did not enact those measures.

File details

Status
PLACED ON FILE
Introduced
May 26, 2022
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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.