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City of Philadelphia
Public Hearing Notice
June 12, 2008
The Committee on Finance of the Council of the City of Philadelphia will hold a
Public Hearing Tuesday, June 17, 2008, at 10:00 AM, in Room 400, City Hall, to
hear testimony on the following item:
080543 An Ordinance authorizing the creation of a loan or loans to provide funds
for and toward various capital municipal purposes; authorizing the Mayor, City
Controller and City Solicitor or a majority of them to sell bonds at public or
private negotiated sale; setting forth the capital purposes and the amounts for
which the proceeds of the loan or loans will be expended, including
reimbursement of City capital expenditures; providing for the maturities and for
other terms and conditions and for the form of the bonds; providing that certain
bonds may be redeemable prior to maturity; providing sinking funds for the bonds
and for appropriations to the Sinking Fund Commission for the payment thereof;
authorizing agreements to provide credit or payment or liquidity sources for the
bonds and interest rate swaps in connection with issuance of the bonds, and
certain other actions; providing for obtaining the consent of the electors to
increasing the indebtedness of the City of Philadelphia; and fixing a day for
holding the election for obtaining such consent and providing for the
arrangements for holding such election.
Immediately following the public hearing, a meeting of the Committee on Finance,
open to the public, will be held to consider the action to be taken on the above
listed item.
Copies of the foregoing item are available in the Office of the Chief Clerk of
the Council, Room 402, City Hall.
Patricia Rafferty
Chief Clerk