City of Baltimore - File #: 20-0588

• File #: 20-0588
• Version: 0
• Name: Perkins Somerset Oldtown Bond Issuance
• Type: Ordinance
• Status: Enacted
• File created: 8/17/2020
• In control: City Council
• Final action: 10/27/2020
• Enactment #: 20-419
• Title: Perkins Somerset Oldtown 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 $105,000,000 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 develo...
• Sponsors: City Council President (Administration)
• Indexes: Bond Issue

Date	Ver.	Action By	Action	Result
11/2/2020	0	Mayor	Signed by Mayor
10/19/2020	0	City Council	Approved and Sent to the Mayor
10/5/2020	0	City Council	3rd Reader, for final passage
9/24/2020	0	Taxation, Finance and Economic Development Committee	Recommended Favorably	Pass
9/10/2020	0	Taxation, Finance and Economic Development Committee	Advertising
8/20/2020	0	The City Council	Refer to Parking Authority Board
8/20/2020	0	The City Council	Refer to Dept. of Finance
8/20/2020	0	The City Council	Refer to Dept. of Housing and Community Development
8/20/2020	0	The City Council	Refer to Dept. of Public Works
8/20/2020	0	The City Council	Refer to Baltimore Development Corporation
8/20/2020	0	The City Council	Refer to City Solicitor
8/20/2020	0	The City Council	Refer to Board of Municipal and Zoning Appeals
8/20/2020	0	The City Council	Refer to Planning Commission
8/20/2020	0	The City Council	Refer to Housing Authority of Baltimore City
8/17/2020	0	City Council	Introduced
8/17/2020	0	City Council	Assigned
8/17/2020	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing

* 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 Housing and Community Development)

A Bill Entitled

An Ordinance concerning
title
Perkins Somerset Oldtown 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 $105,000,000 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 approve the details, forms, documents or procedures in connection with such special obligation bonds and any other matters necessary or desirable in connection with the authorization, issuance,...