|
15-0587
| 0 | | University of Maryland Baltimore BioPark Development - Bond Ordinance | Ordinance | University of Maryland Baltimore BioPark Development - Bond Ordinance
FOR the purpose of authorizing the issuance of special obligation bonds; authorizing the pledge
by the City, subject to appropriation, of Tax Increment Revenues and Special Tax Revenues (as such terms are defined herein) to the payment of debt service on such special obligation bonds, the replenishment of any reserves, and the payment of certain expenses and administrative costs; providing that such bonds may be issued from time to time and in one or more issues or series in an aggregate principal amount not exceeding $17,500,000 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; providing that the City, in each fiscal year in which any such bonds are outstanding, use its best efforts | Recommended Favorably with Amendment | Pass |
Action details
|
Not available
|