City council Thursday night said it would be moving forward with the process to fund the construction of a new parking garage.

Council informed a representative from PNC Bank to begin preparing to sell about $7 million in bonds to build the garage that is expected to join a proposed downtown hotel as part of the Centre City project.

The bonds are expected to be sold Sept. 10, assuming the developer of the hotel closes on its own loans and agreements by Sept. 9.

“The city has withheld financing until there is certainty the hotel is a go,” said city solicitor Jim Coulter.

The city is waiting for developer J.S. Capitol to finalize its loans and other agreements for the proposed hotel before moving forward with its proposed $5 million parking garage.

The city has until Sept. 14 to sell its bonds before they expire.

Council likely will borrow the maximum $7 million bond issue it previously approved to pay for the garage, as well as refinance the existing parking authority’s debt and pay for the West New Castle Street bridge replacement project.