Baltimore City Council
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File #: 16-0670    Version: 0 Name: Port Covington Bond Issuance
Type: Ordinance Status: Enacted
File created: 5/16/2016 In control: City Council
On agenda: 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
Attachments: 1. 16-0670~1st Reader, 2. Finance 16-0670, 3. City Solicitor 16-0670, 4. Copy 1 - BDC 16-0670, 5. DPW 16-0670, 6. REVISED - BDC 16-0670, 7. HCD 16-0670, 8. Port Covington TIF Application 16-0670, 9. Planning 16-0670, 10. BMZA 16-0670, 11. Parking 16-0670, 12. DOT 16-0670, 13. Rec and Parks 16-0670, 14. Port Covington Presentation - Sagamore 07-27-16, 15. Port Covington Presentation - Municap - 08-03-16, 16. Port Covington Presentation - BDC - 07-27-16, 17. Port Covington Presentation - 7 27 16-1 (1), 18. Port Covington Presentatin - TischlerBise - 07-27-16, 19. MOU - New Port Covington Supplier Diversity, 20. MOU - Housing at Port Covington, 21. MOU - New Port Covington Local Hiring, 22. Port Covington State Aid Impacts, 23. Executed SB6-Sagamore Community Benefits Agreement, 24. Port Covington TIF Application 5.23.16, 25. Memo to BDC 3-11-2016, 26. Port Covington Market Analysis and Economic Impact Report, 27. 16-0670~3rd Reader
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
10/24/20160 Mayor Signed by Mayor  Action details Meeting details Not available
9/19/20160 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
9/12/20160 City Council 3rd Reader, for final passage  Action details Meeting details Not available
8/24/20160 Taxation, Finance and Economic Development Committee Worksession  Action details Meeting details Not available
8/15/20160 Taxation, Finance and Economic Development Committee Worksession  Action details Meeting details Not available
8/8/20160 Taxation, Finance and Economic Development Committee Worksession  Action details Meeting details Not available
7/29/20160 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
7/13/20160 Taxation, Finance and Economic Development Committee Advertising  Action details Meeting details Not available
6/6/20160 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
5/19/20160 The City Council Refer to Dept. of Public Works  Action details Meeting details Not available
5/19/20160 The City Council Refer to Parking Authority Board  Action details Meeting details Not available
5/19/20160 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
5/19/20160 The City Council Refer to Board of Municipal and Zoning Appeals  Action details Meeting details Not available
5/19/20160 The City Council Refer to Planning Commission  Action details Meeting details Not available
5/19/20160 The City Council Refer to Baltimore Development Corporation  Action details Meeting details Not available
5/19/20160 The City Council Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
5/19/20160 The City Council Refer to City Solicitor  Action details Meeting details Not available
5/19/20160 The City Council Refer to Dept. of Recreation and Parks  Action details Meeting details Not available
5/19/20160 The City Council Refer to Dept. of Transportation  Action details Meeting details Not available
5/16/20160 City Council Assigned  Action details Meeting details Not available
5/16/20160 City Council Introduced  Action details Meeting details Not available
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...

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