City Council
City of Baltimore
City Hall, Room 408
100 North Holliday Street
Baltimore, Maryland 21202
Meeting Minutes - Final
Ways and Means
Tuesday, July 2, 2024
10:05 AM
Virtual/Du Burns Chambers, 4th Floor, City Hall, Phone:
+1-408-418-9388, Access Code: 2339 886 3615, Password:
MTID=md87547ecd6955506d804b5881bcbb5d0
CALL TO ORDER
INTRODUCTIONS
ATTENDANCE
5 -
Present
Eric T. Costello, Kristerfer Burnett, Ryan Dorsey, Sharon Green Middleton, and
Robert Stokes Sr.
2 - Danielle N. McCray, and Isaac "Yitzy" Schleifer
Absent
ITEM SCHEDULED FOR PUBLIC HEARING
Bond Issue - School Loan - $55,000,000
For the purpose of authorizing the Mayor and City Council of Baltimore
(pursuant to General Assembly House Resolution II and Senate Resolution
II of 2024 approved by the members of the Maryland General Assembly
representing Baltimore City) to create a debt, and to issue and sell, at any
time or from time to time and in one or more series its certificates of
indebtedness as evidence thereof, and proceeds not exceeding
FIFTY-FIVE Million Dollars ($55,000,000.00) from the sale of such
certificates of indebtedness to be used for the cost of issuance, including
the expense of engraving, printing, advertising, attorneys’ fees, and all
other incidental expenses connected therewith (which may include the
proportion of the compensation of employees and general administrative
expenses of the Department of Finance reasonably allocated to the
issuance of the bonds); and the remainder of such proceeds shall be used
for the acquisition, by purchase, lease, condemnation or any other legal
means, of land or property, or any rights therein, in the City of Baltimore,
and demolishing, constructing and erecting on said land or property, or on
any land or property now or hereafter owned by the Baltimore City Board of
School Commissioners and/or the Mayor and City Council of Baltimore,
new school buildings, athletic and other auxiliary facilities including
community health and recreation facilities, and for additions and
improvements to, or the modernization or reconstruction of, including the
inspection, removal, encapsulation, management, containment and
abatement of asbestos from existing facilities, and for equipment for any