READ AND PASSED
This enacted ordinance makes extensive changes to Philadelphia’s rules for airport revenue bonds. It allows certain passenger facility charges to be designated for bond debt payments, revises how airport revenues, expenses, reserves, credit support, and debt service are calculated, and gives the Bond Committee authority to make certain related elections. Some amendments take effect only after approval by holders of 67% or all of the outstanding bonds.
Constituting the Sixteenth Supplemental Ordinance to the Amended and Restated General Airport Revenue Bond Ordinance, providing for certain amendments to the Amended and Restated General Airport Revenue Bond Ordinance under certain terms and conditions.
Action by CITY COUNCIL
A motion was made that this matter be READ AND PASSED. The motion carried by the following vote:
Roll Call
| Member | Vote |
|---|---|
| Al Taubenberger | Yes |
| Allan Domb | Yes |
| Blondell Reynolds Brown | Yes |
| Bobby Henon | Yes |
| Brian J. O'Neill | Yes |
| Cherelle Parker | Yes |
| Cindy Bass | Yes |
| Curtis Jones, Jr. | Yes |
| Darrell L. Clarke | Yes |
| David Oh | Yes |
| Derek S. Green | Yes |
| Helen Gym | Yes |
| Jannie L. Blackwell | Yes |
| Kenyatta Johnson | Yes |
| Maria D. Quiñones-Sánchez | Yes |
| Mark Squilla | Yes |
| William K. Greenlee | Yes |