City of Baltimore - File #: 07-0598

• File #: 07-0598
• Version: 0
• Name: Revenue Obligations - Water Projects - Maximum Aggregate Principal Amount
• Type: Ordinance
• Status: Enacted
• File created: 2/26/2007
• In control: City Council
• Final action: 5/1/2007
• Enactment #: 07-420
• Title: Revenue Obligations - Water Projects - Maximum Aggregate Principal Amount FOR the purpose of increasing the maximum aggregate principal amount of revenue obligations that may be issued by the City under Ordinance 04-687; and providing for a special effective date.
• Sponsors: City Council President (Administration)
• Indexes: Revenue Obligations, Water

Date	Ver.	Action By	Action	Result
5/1/2007	0	Mayor	Signed by Mayor
4/30/2007	0	City Council	Approved and Sent to the Mayor
4/23/2007	0	Taxation and Finance Committee	Recommended Favorably
4/23/2007	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
3/19/2007	0	Taxation and Finance Committee	Scheduled for a Public Hearing
3/1/2007	0	The City Council	Referred for a Report
3/1/2007	0	The City Council	Referred for a Report
3/1/2007	0	The City Council	Referred for a Report
3/1/2007	0	The City Council	Referred for a Report
2/26/2007	0	City Council	Introduced
2/26/2007	0	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 (Bureau of Treasury Management)

A BILL ENTITLED

AN ORDINANCE concerning
Title
Revenue Obligations - Water Projects - Maximum Aggregate Principal Amount

FOR the purpose of increasing the maximum aggregate principal amount of revenue obligations that may be issued by the City under Ordinance 04-687; and providing for a special effective date.
Body
BY repealing and reordaining, with amendments
Ordinance 90-495, as last amended by Ordinance 04-687
Section 2(a)

BY authority of
Article II - General Powers
Section (50)
Baltimore City Charter

and

Article 31 - Debt - Public
Section 12
Annotated Code of Maryland

Recitals

Ordinance 90-495 authorizes the City to issue from time to time its revenue obligations to finance water facilities within the geographical limits of the City's water system. The maximum aggregate principal amount of revenue obligations authorized to be issued under Ordinance 90-495, as last amended by Ordinance 04-687, is $405,000,000.

Certain recent events have occurred that affect the aggregate principal amount of revenue obligations that may be required to finance water facilities, including (without limitation) an

increase in the number of water facilities that the City may desire to finance with the proceeds of the sale of revenue obligations.

Accordingly, the City desires to increase to $585,000,000 the aggregate principal amount of the revenue obligations that may be issued under that Ordinance.
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