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Council committee advances service agreement backing Philadelphia's 2028 DNC bid; appointments cleared for first reading
Summary
A City Council committee voted to report Bill 260,295, which would authorize a service agreement enabling a PAID guarantee tied to a $35 million letter of credit for Philadelphia's 2028 Democratic National Convention bid, and advanced four Old City Special Services District appointment resolutions to first reading.
A Philadelphia City Council committee on transportation and public utilities voted Wednesday to report Bill 260,295 with a favorable recommendation, advancing a measure that would authorize the city to enter a service agreement with the Philadelphia Authority of Industrial Development (PAID) to support the city's bid to host the 2028 Democratic National Convention.
Vanessa Garrett Harley, the city's chief deputy mayor, testified in support of the ordinance and said the service agreement would allow PAID to issue and, if necessary, the city to cover a service fee equal to PAID's obligations tied to a host-committee guarantee for a $35,000,000 letter of credit. Garrett Harley said the city's understanding of the arrangement is modeled on a similar structure used when Philadelphia hosted the convention in 2016, when the host…
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