Official:Authorizing the Director of Finance, on behalf of the City of Philadelphia (the "City"), to enter into a lease agreement to lease vehicles and equipment from the Philadelphia Municipal Authority, for the purposes of financing vehicles and equipment and to enter into an escrow agreement pursuant to the terms of the lease agreement, under certain terms and conditions.
Sponsor: Councilmember Tasco
Introduced: November 4, 2010
Signed: December 16, 2010
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to lease vehicles and equipment from the Philadelphia Municipal Authority through a sub-lease agreement, giving the city more time to pay for these assets.
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