City of Baltimore - File #: 16-0670

• File #: 16-0670
• Version: 0
• Name: Port Covington Bond Issuance
• Type: Ordinance
• Status: Enacted
• File created: 5/16/2016
• In control: City Council
• Final action: 9/22/2016
• Enactment #: 16-529
• Title: Port Covington Bond Issuance FOR the purpose of authorizing the issuance of special obligation bonds and the pledge, subject to appropriation, of Tax Increment Revenues and Special Tax Revenues (as such terms are defined herein) to the payment of debt service thereon; authorizing the pledge by the City, subject to appropriation, of the Tax Increment Revenues and Special Tax Revenues pursuant to a Contribution Agreement (defined herein) to provide for the payment by the State Issuer (defined herein) of the principal of and interest on the applicable State Obligations (defined herein) and other related costs; providing that such bonds or State Obligations may be issued from time to time and in one or more issues or series in an aggregate principal amount not exceeding $660,000,000 for the purpose of financing infrastructure improvements and related costs, including, without limitation, the Project (defined herein), and other necessary improvements to, from, or within the development dist...
• Sponsors: City Council President (Administration)
• Indexes: Bond Issue, Port Covington

Date	Ver.	Action By	Action	Result
10/24/2016	0	Mayor	Signed by Mayor
9/19/2016	0	City Council	Approved and Sent to the Mayor
9/12/2016	0	City Council	3rd Reader, for final passage
8/24/2016	0	Taxation, Finance and Economic Development Committee	Worksession
8/15/2016	0	Taxation, Finance and Economic Development Committee	Worksession
8/8/2016	0	Taxation, Finance and Economic Development Committee	Worksession
7/29/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
7/13/2016	0	Taxation, Finance and Economic Development Committee	Advertising
6/6/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
5/19/2016	0	The City Council	Refer to Dept. of Public Works
5/19/2016	0	The City Council	Refer to Parking Authority Board
5/19/2016	0	The City Council	Refer to Dept. of Finance
5/19/2016	0	The City Council	Refer to Board of Municipal and Zoning Appeals
5/19/2016	0	The City Council	Refer to Planning Commission
5/19/2016	0	The City Council	Refer to Baltimore Development Corporation
5/19/2016	0	The City Council	Refer to Dept. of Housing and Community Development
5/19/2016	0	The City Council	Refer to City Solicitor
5/19/2016	0	The City Council	Refer to Dept. of Recreation and Parks
5/19/2016	0	The City Council	Refer to Dept. of Transportation
5/16/2016	0	City Council	Assigned
5/16/2016	0	City Council	Introduced

EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
CITY OF BALTIMORE
COUNCIL BILL 16-
(First Reader)

Introduced by: The Council President
At the request of: The Administration (Baltimore
Introduced and read first time: May 16, 2016
Assigned to: Taxation, Finance and Economic Development Committee REFERRED TO THE FOLLOWING AGENCIES:
A BILL ENTITLED

AN ORDINANCE concerning
title
Port Covington Bond Issuance
FOR the purpose of authorizing the issuance of special obligation bonds and the pledge, subject to
appropriation, of Tax Increment Revenues and Special Tax Revenues (as such terms are defined herein) to the payment of debt service thereon; authorizing the pledge by the City, subject to appropriation, of the Tax Increment Revenues and Special Tax Revenues pursuant to a Contribution Agreement (defined herein) to provide for the payment by the State Issuer (defined herein) of the principal of and interest on the applicable State Obligations (defined herein) and other related costs; providing that such bonds or State Obligations may be issued from time to time and in one or more issues or series in an aggregate principal amount not exceeding $660,000,000 for the purpose of financing infrastructure improvements and related costs, including, without limitation, the Project (defined herein), and other necessary improvements to, from, or within the development district, and certain other infrastructure improvements permitted by the Acts (defined herein); providing for the method and sources of payment for such special obligation bonds; authorizing the Board of Finance to specify, prescribe, determine, provide for and a...