Committee on Finance

City of Philadelphia Public Hearing Notice The Committee on Finance of the Council of the City of Philadelphia will hold a Public Hearing on Tuesday, February 9, 2021, at 2:30 PM, in a remote manner using Microsoft® Teams. This remote hearing may be viewed on Xfinity Channel 64, Fios Channel 40 or http://phlcouncil.com/watch-city-council/, to hear testimony on the following items: 210004 An Ordinance authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia and the Philadelphia Authority for Industrial Development relating to the refunding of certain bonds previously issued to finance and/or refinance Alternative Funding Mechanisms for a portion of the unfunded actuarial accrued liability of the City of Philadelphia Retirement System implemented pursuant to the Municipal Pension Plan Funding Standard and Recovery Act; approving the issuance by the Philadelphia Authority for Industrial Development of bonds, notes or other evidences of indebtedness in one or more series, to refund such bonds; authorizing and approving the City’s obligation to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing certain City officers to take certain actions required to issue bonds, notes or other evidences of indebtedness; covenanting that the City will make necessary appropriations in each of the City’s fiscal years to provide for the Service Fee and other amounts due under the Service Agreement; covenanting that the City will make timely payments of the Service Fee and other amounts due under the Service Agreement; authorizing and approving the Director of Finance and other City officers to take such actions, if any, as may be necessary or appropriate to accomplish the intent and purpose of this Ordinance; all under certain terms and conditions. 210006 An Ordinance amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” by authorizing the City Treasurer to deposit funds in Santander Bank, National Association, under certain terms and conditions. Speakers interested in giving testimony on any of these legislative matters must call 215-459-4980, or send an e-mail to frank.iannuzzi@phila.gov by 3 p.m. the day before the hearing and submit the following information: • Full name • Callback telephone number where you can be reached • Identify the bill number or numbers that will be addressed Speakers who submitted the above information within the required time frame will be telephoned during the public hearing and invited to the remote hearing. They will be given additional instructions by the Committee Chair once they are connected. City of Philadelphia -1-  City of Philadelphia Public Hearing Notice Committee on Finance Tuesday, February 9, 2021 at 2:30 PM 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 items. Copies of the foregoing items are available in the Office of the Chief Clerk of the Council, Room 402, City Hall. Michael A. Decker Chief Clerk City of Philadelphia -2-