City of Baltimore - File #: 16-0641

• File #: 16-0641
• Version: 0
• Name: Bond Issue - School Loan - $34,000,000
• Type: Ordinance
• Status: Enacted
• File created: 3/21/2016
• In control: City Council
• Final action: 6/21/2016
• Enactment #: 16-490
• Title: Bond Issue - School Loan - $34,000,000 FOR the purpose of authorizing the Mayor and City Council of Baltimore (pursuant to Resolution I of 2016 approved by the members of the Maryland General Assembly representing Baltimore City) to create a debt, and to issue and sell, at any time or from time to time and in one or more series its certificates of indebtedness as evidence thereof, and proceeds not exceeding $34,000,000 from the sale of such certificates of indebtedness to be used for the cost of issuance, including the expense of engraving, printing, advertising, attorneys' fees, and all other incidental expenses connected therewith ( which may include the proportion of the compensation of employees and general administrative expenses of the Department of Finance reasonably allocated to the issuance of the bonds); and the remainder of such proceeds shall be used for the acquisition, by purchase, lease, condemnation or any other legal means, of land or property, or any rights therein, i...
• Sponsors: City Council President (Administration)
• Indexes: Bond Issue, Loan, School

Date	Ver.	Action By	Action	Result
6/23/2016	0	Mayor	Signed by Mayor
6/13/2016	0	City Council	Approved and Sent to the Mayor
6/6/2016	0	City Council	3rd Reader, for final passage
6/6/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
5/26/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably	Pass
5/16/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
3/24/2016	0	The City Council	Refer to Dept. of Recreation and Parks
3/24/2016	0	The City Council	Refer to Dept. of Health
3/24/2016	0	The City Council	Refer to Baltimore City Public School System
3/24/2016	0	The City Council	Refer to Baltimore Development Corporation
3/24/2016	0	The City Council	Refer to Dept. of Finance
3/24/2016	0	The City Council	Refer to City Solicitor
3/24/2016	0	The City Council	Refer to Planning Commission
3/24/2016	0	The City Council	Refer to Dept. of Housing and Community Development
3/21/2016	0	City Council	Assigned
3/21/2016	0	City Council	Introduced

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL

Introduced by: The Council President
At the request of: The Administration (Department of Planning)

A BILL ENTITLED

AN ORDINANCE concerning
title
Bond Issue - School Loan - $34,000,000
FOR the purpose of authorizing the Mayor and City Council of Baltimore (pursuant to Resolution I of 2016 approved by the members of the Maryland General Assembly representing Baltimore City) to create a debt, and to issue and sell, at any time or from time to time and in one or more series its certificates of indebtedness as evidence thereof, and proceeds not exceeding $34,000,000 from the sale of such certificates of indebtedness to be used for the cost of issuance, including the expense of engraving, printing, advertising, attorneys' fees, and all other incidental expenses connected therewith ( which may include the proportion of the compensation of employees and general administrative expenses of the Department of Finance reasonably allocated to the issuance of the bonds); and the remainder of such proceeds shall be used for the acquisition, by purchase, lease, condemnation or any other legal means, of land or property, or any rights therein, in the City of Baltimore, and demolishing, constructing and erecting on said land or property, or on any land or property now or hereafter owned by the Baltimore City Board of School Commissioners and/or the Mayor and City Council of Baltimore, new school buildings, athletic and other auxiliary facilities including community health and recreation facilities, and for additions and improvements to, or the modernization or reconstruction...