• CITY OF PHILADELPHIA, PENNSYLV...

CITY OF PHILADELPHIA, PENNSYLVANIA
NOTICE OF PUBLIC HEARING



Notice is hereby given that the City of Philadelphia (the "City") will hold a public hearing on November 28, 2017 at 11:00 a.m. in the office of the City Treasurer at the Municipal Services Building, 1401 John F. Kennedy Boulevard, Philadelphia, PA 19102, 6th Floor, City Treasurer's Conference Room, Suite 640, to take action with respect to its Airport Revenue and Refunding Bonds, Series 2018A (Non-AMT) and Series 2018B (AMT) (the "Bonds").


Project Locations: Philadelphia International Airport (PHL), 8500 Essington Avenue, Philadelphia, Pennsylvania, 19153 and Philadelphia Northeast Airport (PNE), 9800 Ashton Road, Philadelphia, Pennsylvania 19114.


Project Description: Capital improvements at PHL and PNE including: (i) airfield and apron projects including deicing improvements; (ii) terminal and landside improvements, which include terminal development projects, loading bridges, mechanical and system upgrades, roadway safety and demolition of facilities; (iii) security and information technology; (iv) airfield lighting improvements, and (v) other capital improvements and planning projects at PHL and PNE. Subject to market conditions, the current refunding of all or a portion of the City's Airport Revenue Bonds, Series 2007A, 2007B and 2009A and the City of Philadelphia Commercial Paper Notes Series A, B and C issued pursuant to the commercial paper program supplemental ordinance to the General Ordinance approved by the Mayor on October 19, 2012.


Project Owner: City of Philadelphia, Pennsylvania.


Maximum Amount of Bonds: Not to exceed $690,000,000 (exclusive of costs of issuance (including underwriter's discount), original issue discount, capitalized interest, funding of deposits to the sinking fund reserve account and certain other items).


At such meeting, members of the public may appear in person or by attorney to provide information and make statements concerning the foregoing applications. The Bonds will be limited obligations of the City payable from certain revenues to be received by the City from the operation of the airport system.


This Notice is given to comply with the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended.



Ref# 0003338718-01
PostedNovember 12, 2017