City of Baltimore - File #: 12-0087

• File #: 12-0087
• Version: 0
• Name: Tide Point Special Obligation Bonds
• Type: Ordinance
• Status: Enacted
• File created: 6/4/2012
• In control: City Council
• Final action: 11/26/2012
• Enactment #: 12-69
• Title: Tide Point Special Obligation Bonds FOR the purpose of providing for the issuance of special obligation bonds or notes in an amount not exceeding $35,000,000 for the purpose of financing public and other infrastructure improvements; providing for the method and sources of payment for these special obligation bonds or notes; authorizing the Board of Finance to specify, prescribe, determine, provide for and approve the details, forms, documents or procedures in connection with the special obligation bonds or notes and any other matters necessary or desirable in connection with the authorization, issuance, sale and payment of these special obligation bonds or notes; providing for a special effective date; and generally relating to the issuance and payment of special obligation bonds or notes.
• Sponsors: City Council President (Administration)
• Indexes: Bonds, Special Obligation Bonds, Tide Point

Date	Ver.	Action By	Action	Result
11/26/2012	0	Mayor	Signed by Mayor
11/19/2012	0	City Council	Approved and Sent to the Mayor
10/22/2012	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
10/22/2012	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
9/19/2012	0	Taxation, Finance and Economic Development Committee	Advertising
9/19/2012	0	Taxation, Finance and Economic Development Committee	Advertising
9/10/2012	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/4/2012	0	City Council	Introduced
6/4/2012	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 (Baltimore Development Corporation)

A BILL ENTITLED

AN ORDINANCE concerning
title
Tide Point Special Obligation Bonds

FOR the purpose of providing for the issuance of special obligation bonds or notes in an amount not exceeding $35,000,000 for the purpose of financing public and other infrastructure improvements; providing for the method and sources of payment for these special obligation bonds or notes; authorizing the Board of Finance to specify, prescribe, determine, provide for and approve the details, forms, documents or procedures in connection with the special obligation bonds or notes and any other matters necessary or desirable in connection with the authorization, issuance, sale and payment of these special obligation bonds or notes; providing for a special effective date; and generally relating to the issuance and payment of special obligation bonds or notes.
body

BY authority of
Article II - General Powers
Sections (62) and (62A)
Baltimore City Charter
(1996 Edition)

Recitals

Article II, Section (62) of the Baltimore City Charter (the “Tax Increment Act”) authorizes the Mayor and City Council of Baltimore to establish a “development district” (as defined in the Tax Increment Act) and a special, tax increment fund into which the revenues and receipts from the real property taxes representing the levy on the “tax increment” (as defined in the Tax Increment Act) for the development district are deposited, for the purpose of providing funds for the d...