PASSED

The enacted ordinance declares that Philadelphia’s Hospitals and Higher Education Facilities Authority may issue up to $225 million in hospital revenue bonds for improvement and expansion projects at Children’s Hospital of Philadelphia and related institutions, primarily at the campus at 34th Street and Civic Center Boulevard. The projects include completing the West Tower, building the South Campus, funding other capital work and equipment, refinancing certain bonds, and covering related financing costs.

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 improvement and expansion projects to such institutions' facilities, primarily at their campus located at Thirty-fourth Street and Civic Center Boulevard, Philadelphia, Pennsylvania.