City of Baltimore - File #: 05-0093

• File #: 05-0093
• Version: 0
• Name: Convention Center Hotel Revenue Obligations
• Type: Ordinance
• Status: Enacted
• File created: 4/18/2005
• In control: City Council
• On agenda: 10/17/2005
• Final action: 10/7/2005
• Enactment #: 05-128
• Title: Convention Center Hotel Revenue Obligations FOR the purpose of authorizing and providing for the issuance, sale and delivery by the Mayor and City Council of Baltimore of its revenue bonds, notes or other obligations, to be designated "Convention Center Hotel Revenue Bonds" (the "Revenue Obligations"), in the aggregate principal amount not exceeding $305,000,000 pursuant to the provisions of Article II, Section (50) of the Charter (defined herein), in order to use the proceeds for the public purpose of (a) financing and refinancing, the acquisition, demolition, construction, renovation, expansion, improvement, furnishing and equipping of a convention center headquarters hotel in the City of Baltimore, (b) funding capitalized interest on the Revenue Obligations to the extent deemed necessary and in accordance with any limitation on the period for such funding established by law, (c) paying the costs of issuance and all other related costs of the Revenue Obligations, (d) funding an...
• Sponsors: City Council President (Administration)
• Indexes: Committee of the Whole, Convention Center Hotel, Revenue Obligations

Date	Ver.	Action By	Action	Result
10/7/2005	0	Mayor	Signed by Mayor
9/19/2005	0	City Council	Approved and Sent to the Mayor	Pass
8/15/2005	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
8/3/2005	0	Committee of the Whole	Recommended Favorably with Amendment	Pass
8/3/2005	0	Committee of the Whole	Recommended Favorably with Amendment	Fail
6/22/2005	0	The City Council	Referred for a Report
6/21/2005	0	Committee of the Whole	Advertising
6/15/2005	0	Committee of the Whole	Advertising
6/6/2005	0	Committee of the Whole	Scheduled for a Public Hearing
6/6/2005	0	Committee of the Whole	Scheduled for a Public Hearing
4/21/2005	0	The City Council	Referred for a Report	Pass
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/21/2005	0	The City Council	Referred for a Report
4/18/2005	0	City Council	Introduced
4/18/2005	0	The City Council	Assigned

* 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 (Baltimore Development Corporation)

A BILL ENTITLED

AN ORDINANCE concerning
Title
Convention Center Hotel Revenue Obligations

FOR the purpose of authorizing and providing for the issuance, sale and delivery by the Mayor

and City Council of Baltimore of its revenue bonds, notes or other obligations, to be designated "Convention Center Hotel Revenue Bonds" (the "Revenue Obligations"), in the aggregate principal amount not exceeding $305,000,000 pursuant to the provisions of Article II, Section (50) of the Charter (defined herein), in order to use the proceeds for the public purpose of (a) financing and refinancing, the acquisition, demolition, construction, renovation, expansion, improvement, furnishing and equipping of a convention center headquarters hotel in the City of Baltimore, (b) funding capitalized interest on the Revenue Obligations to the extent deemed necessary and in accordance with any limitation on the period for such funding established by law, (c) paying the costs of issuance and all other related costs of the Revenue Obligations, (d) funding any working capital or reserve funds, (e) paying the cost of any pre-opening expenses of such hotel or reimbursing the City or Hotel Corporation (defined herein) for such costs, and (f) paying the expenses of the Hotel Corporation; making certain legislative findings, among others, concerning the public benefit and purpose of the Revenue Obligations; defining certain terms used in this Ordinance; authorizing the creation of a nonpr...