City of Baltimore - File #: 07-0783

• File #: 07-0783
• Version: 0
• Name: Supplementary Tax Increment Loan Fund Capital Appropriation - Department of Housing and Community Development - $85,000,000
• Type: Ordinance
• Status: Enacted
• File created: 9/17/2007
• In control: City Council
• Final action: 11/8/2007
• Enactment #: 07-537
• Title: Supplementary Tax Increment Loan Fund Capital Appropriation - Department of Housing and Community Development - $85,000,000 FOR the purpose of providing a Supplementary Tax Increment Loan Fund Capital Appropriation in the amount of $85,000,000 to the Department of Housing and Community Development (Account #9910-587-979), to provide tax increment financing and refinancing of the acquisition of property, the relocation of businesses and/or residents, site removal, and certain public improvements in the East Baltimore Research Park area; and providing for a special effective date.
• Sponsors: City Council President (Administration)
• Indexes: Capital Appropriation, Supplementary, Tax Increment Financing (TIF)

Date	Ver.	Action By	Action	Result
11/8/2007	0	Mayor	Signed by Mayor
10/29/2007	0	City Council	Approved and Sent to the Mayor
10/15/2007	0	Taxation and Finance Committee	Recommended Favorably
10/15/2007	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/17/2007	0	City Council	Introduced
9/17/2007	0	City Council	Assigned
9/17/2007	0	Taxation and Finance 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 Finance)

A BILL ENTITLED

AN ORDINANCE concerning
Title
Supplementary Tax Increment Loan Fund Capital Appropriation - Department of Housing and Community Development - $85,000,000

FOR the purpose of providing a Supplementary Tax Increment Loan Fund Capital Appropriation in the amount of $85,000,000 to the Department of Housing and Community Development (Account #9910-587-979), to provide tax increment financing and refinancing of the acquisition of property, the relocation of businesses and/or residents, site removal, and certain public improvements in the East Baltimore Research Park area; and providing for a special effective date.
Body
BY authority of
Article VI - Board of Estimates
Section 8(b)(1) and (c)
Baltimore City Charter
(1996 Edition)

Recitals

This Ordinance provides for the supplementary appropriation of the proceeds (the "Bond Proceeds") of certain special obligation bonds (the "Bonds") to be issued for the purpose of financing and refinancing the acquisition of property, the relocation of businesses and/or residents, site removal, and certain public improvements in the East Baltimore Research Park area (the "Project"). The Bonds shall be issued pursuant to a trust agreement (the "Indenture") by and between the City and a trustee for the Bonds (the "Trustee"), or a materially similar document. Pursuant to Article VII, Section 21 of the Baltimore City Charter, the Board of Finance (the "Board") is authorized to "determin...