Authorizing and approving the execution and delivery of a Service Agreement between the City and the Philadelphia Authority for Industrial Development relating to the provision by the Philadelphia Authority for Industrial Development of development assistance to support certain costs related to promoting economic and commercial development of the City; approving the guaranty by the Philadelphia Authority for Industrial Development of certain obligations related to the issuance of a letter of credit to secure the funding of such costs; authorizing and approving the obligation of the City to pay in full when due the Service Fee and other amounts payable under the Service Agreement and covenanting to make necessary appropriations for such purposes; and authorizing City officials to take necessary or appropriate actions to accomplish the intent and purpose of the ordinance, all under certain terms and conditions.

260295 · Bill · Enacted

Sponsors: Kenyatta Johnson, Katherine Gilmore Richardson

Timeline

• Apr 9, 2026: Introduced and Referred (City Council)
• Apr 15, 2026: Hearing Notices Sent (Committee of the Whole)
• Apr 15, 2026: Hearing Held (Committee of the Whole)
• Apr 15, 2026: Reported Favorably, Rule Suspension Requested (Committee of the Whole)
• Apr 16, 2026: Ordered Placed on This Day`s First Reading Calendar (City Council)
• Apr 16, 2026: Suspend the Rules of the Council (City Council)
• Apr 16, 2026: Read and Ordered Placed on Next Week's Second Reading Calendar (City Council)
• Apr 23, 2026: Read and Passed (City Council)
• Apr 27, 2026: Signed (Mayor)