This page publishes notices of certain hearings being held by or on behalf of the City of Philadelphia as required by section 147(f) of the Internal Revenue Code and regulations promulgated thereunder. Such hearings are conducted for the purpose of receiving public comment with respect to the proposed issuance of tax-exempt bonds.

Notice is hereby given that the City of Philadelphia, Pennsylvania (the “City”) will hold a public hearing on June 1, 2026 at 10:00 am (“Public Hearing”) at the office of the City Treasurer in the Municipal Services Building, 1401 John F. Kennedy Boulevard, Sixth Floor, Philadelphia, PA 19102 (City Treasurer’s Conference Room, Suite 640). The purpose of the Public Hearing is to take action with respect to the proposed plan of financing by the City involving the issuance of one or more Loans, each of which will be evidenced by an Airport Revenue Note (the “Notes”). Certain of the Notes will be issued as “qualified private activity bonds” to provide “airport” facilities in accordance with the requirements of Section 142(a)(1) under the Internal Revenue Code of 1986, as amended (the “Code”) the interest on such Notes of which is exempt from the gross income of the holder for purposes of federal income taxation under Section 103 of the Code.

Project Location:

Philadelphia International Airport, 8500 Essington Avenue, Philadelphia, PA 19153 (“PHL”) and Philadelphia Northeast Airport, 9800 Ashton Road, Philadelphia PA 19114 (“PNE” together with PHL, the “Airport System”).

Project Description:

The Notes may be issued for one or more of the following projects of the Airport System: (i) capital improvements to be financed including various improvements to PHL as may, from time to time, heretofore have been, or hereafter be, included in the capital budget of the City; the construction of such other improvements to, and facilities at PHL, and the acquisition, demolition or replacement of such other real property or property of a capital nature for use in the operation, maintenance and administration of PHL as the City’s Director of Aviation or designee may, from time to time, deem necessary or desirable for the prudent management of PHL and secure, to the extent required by the Home Rule Charter, the approval of City Council therefor; (ii) capital improvements to be financed including various improvements to PNE as may, from time to time, heretofore have been, or hereafter be, included in the capital budget of the City; the construction of such other improvements to, and facilities at PNE, and the acquisition, demolition or replacement of such other real property or property of a capital nature for use in the operation, maintenance and administration of PNE as the City’s Director of Aviation or designee may, from time to time, deem necessary or desirable for the prudent management of PNE and secure, to the extent required by the Home Rule Charter, the approval of City Council therefor; and (iii) payment of costs of issuance for the Notes.

Project Owner:

City of Philadelphia, Pennsylvania.

Maximum Amount of Notes:

The maximum aggregate principal amount of the Notes will not exceed $200,000,000.

The maximum aggregate principal amount of the Notes to be issued to finance the capital improvements, acquisition, demolition or replacement of a capital nature located at PHL will not exceed $200,000,000.

The maximum aggregate principal amount of the Notes to be issued to finance the capital improvements, acquisition, demolition or replacement of a capital nature located at PNE will not exceed $150,000,000.

Members of the public may appear in person, or by attorney, at the Public Hearing to provide information and make statements concerning the foregoing applications. The Notes 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(t) of the Internal Revenue Code of 1986, as amended.