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Harrisburg Strong Plan

Harrisburg Strong Plan

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Published by colettecope1
The state-appointed financial overseer of Pennsylvania's debt-laden capital city has a new plan to resurrect its finances and is asking the court to approve it. View the complete plan here.
The state-appointed financial overseer of Pennsylvania's debt-laden capital city has a new plan to resurrect its finances and is asking the court to approve it. View the complete plan here.

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Published by: colettecope1 on Aug 26, 2013
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08/26/2013

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HARRISBURGSTRONGPLAN
Filed: August 26, 2013
 
TABLE OF CONTENTSPagePART ONE GUIDING PRINCIPLES...............................................................................1PART TWO A SUMMARY OF THE BENEFITS THAT THE CITY AND ITSRESIDENTS ARE EXPECTED TO RECEIVE UNDER THE HARRISBURGSTRONG PLAN ..............................................................................................................2PART THREE A ROAD MAP TO THE PRESENTATION OF THE STRONGPLAN'S COMPONENTS.................................................................................................5PART FOUR FUNDING OF THE PLAN WITH PROCEEDS OF THEINCINERATOR AND PARKING TRANSACTIONS.........................................................7 A. Introduction................................................................................................7B. Fair, Open and Competitive Process.........................................................8C. The Resource Recovery Facility ("Incinerator").........................................91. Introduction.....................................................................................92. Selection of Lancaster County Solid Waste Management Authority..........................................................................................93. Agreement as to the Terms of the Transfer. .................................104. Additional Value............................................................................11D. The Parking Transaction..........................................................................131. Introduction; Parking Operating Revenues Before theProposed Parking Transaction......................................................132. Proposals for the Parking Monetization and Selection of Harrisburg First. ............................................................................143. Increasing the Value of the Parking Transaction...........................154. Structure of the Parking Transaction.............................................165. Bond Issuance and Use of Proceeds............................................21E. The Water and Sewer Systems...............................................................21PART FIVE HOW THE STRONG PLAN BENEFITS THE CITY OFHARRISBURG..............................................................................................................23 A. Introduction..............................................................................................23
 
TABLE OF CONTENTS (continued)PageB. The City's 2013 Budget Before Considering the Benefits of theHarrisburg Strong Plan ............................................................................23C. Description of the Harrisburg Strong Plan Adjustments to the City'sProjected Operating Revenues for 2013-2016.........................................251. The Debt Repayment Obligations.................................................252. Priority Parking Payments and Parking Meter EnforcementRevenues......................................................................................263. Parking Lease and Additional Payments to be Received bythe City Through 2018...................................................................264. Additional Funding to the City of Harrisburg by the General Assembly. .....................................................................................275. Earned Income Tax.......................................................................27D. Description of the Harrisburg Strong Plan Adjustments to the City'sOperating Expenses for 2013-2016.........................................................291. New Labor Union Contract Agreements........................................292. Payments to Be Made by the City of Harrisburg inSettlement of Suburban Community Sewer Overcharges.............303. Reductions in Force Based on Changes in THA's Operationsof the Water and Sewer Systems..................................................31E. Achieving a Balanced Budget in 2013-2016............................................32F. Working Capital and the Means to Reduce Chronically HighPayables..................................................................................................32G. The Funding of Not-for-Profit Corporations for EconomicDevelopment and Infrastructure Improvements and for an OPEBHealth Care Trust. ...................................................................................341. Description of the Initial Fundings and the Intended Use othe Funds to Benefit the City of Harrisburg...................................342. Supplemental Allocations of Additional Parking Proceeds toFund Economic Development, Infrastructure and theHarrisburg OPEB Trust.................................................................353. Possible Additional Source of Funds to Benefit the City oHarrisburg Derived from the Successful Pursuit of Incinerator Claims...........................................................................................37

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