PASSED

The enacted ordinance declares that Philadelphia’s Hospitals and Higher Education Facilities Authority may issue up to $240 million in revenue bonds to help fund renovation, expansion, equipment, land, planning, and related costs for facilities operated by The Children’s Hospital of Philadelphia, The Children’s Hospital Foundation, and The Children’s Seashore House. The projects are primarily at the institutions’ campus at 34th Street and Civic Center Boulevard, with additional work at the King of Prussia Specialty Care Center and refinancing of earlier bonds also included.

Declaring that it is desirable for the health, safety and welfare of the people in the area served by The Children's Hospital of Philadelphia, The Children's Hospital Foundation and The Children's Seashore House of The Children's Hospital of Philadelphia, Inc. for The Hospitals and Higher Education Facilities Authority of Philadelphia to participate with such institutions in certain renovation, improvement and expansion projects to such institutions buildings and facilities primarily at their campus located at Thirty-fourth street and Civic Center boulevard, Philadelphia, Pennsylvania.