City of Philadelphia Committee on Finance Meeting Agenda 2026-06-04
Ordinance Authorizes Financing Agreement With Municipal Authority
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Description
City Council’s Committee on Finance is considering an ordinance to authorize a Service Agreement between the City of Philadelphia and The Philadelphia Municipal Authority to finance or refinance the acquisition of 400 North Broad Street and 1501 Callowhill Street for police headquarters and related uses. The legislation would approve issuance of Authority bonds or other indebtedness and commit the City to pay service fees and related obligations over future fiscal years.
Contract Details
Vendor
PHILADELPHIA MUNICIPAL AUTHORITY
Agency
City of Philadelphia, TN
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Renewal Info
Ordinance would covenant that the City will make necessary appropriations in each fiscal year to pay the service fee and other amounts due under the Service Agreement. Renewal or extension specifics, including end date or options, are not stated in the agenda.
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