26-0182
Bond Issue – Public Infrastructure Loan – $148,000,000
FOR the purpose of authorizing the Mayor and City Council of Baltimore
(pursuant to General Assembly House Resolution IV and Senate
Resolution IV of 2026 approved by the members of the Maryland General
Assembly representing Baltimore City) to create a debt, and to issue and
sell its certificates of indebtedness as evidence thereof, and proceeds not
exceeding ONE HUNDRED FORTY EIGHT Million Dollars
($148,000,000.00) from the sale of such certificates of indebtedness to be
used for the development of the public infrastructure owned or controlled by
the Mayor and City Council of Baltimore, and the construction and
development of streets, bridges, courthouses, city office buildings, police
stations, fire stations, solid waste facilities, information technology public
park and recreational and related land, property, buildings, structures or
facilities including but not limited to, 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 constructing and erecting on said land
or property, or on any land or property, new buildings, structures,
infrastructure and auxiliary facilities; and for the renovation, alteration,
construction, reconstruction, installation, improvement and repair of
existing infrastructure, buildings, structures or facilities, to be or now being
used for or in connection with the operations, functions and activities of the
Mayor and City Council of Baltimore, the demolition, removal, relocation,
renovation or alteration of land, buildings, streets, highways, alleys, utilities
or services, and other structures or improvements, and for the construction,
reconstruction, installation, relocation or repair of buildings, streets,
highways, alleys, utilities or services, including information technology
infrastructure, and other structures or improvements; for the acquisition and
installation of trees or for tree planting programs; and for the acquisition
and installation of equipment and fixtures for any and all facilities
authorized to be constructed, erected, altered, reconstructed, renovated,
reconstructed, installed or improved by the provisions hereof; the payment
of any and all costs and expenses incurred for or in connection with doing
any or all of the things herein mentioned, including but not limited to, the
costs and expenses of securing administrative, appraisal, economic
analysis, engineering, planning, designing, architectural, surveying and
other professional services; and for doing any and all things necessary,
proper or expedient in connection with or pertaining to any or all of the
matters or things hereinbefore mentioned; authorizing the issuance of
refunding bonds; conferring and imposing upon the Board of Finance of
Baltimore City certain powers and duties; authorizing the submission of
this Ordinance to the legal voters of the City of Baltimore, for their approval
or disapproval, at the General Election to be held in Baltimore City on
Tuesday, the 3rd day of November, 2026; and providing for the expenditure
of the proceeds of sale of said certificates of indebtedness in accordance
with the provisions of the Charter of the Mayor and City Council of
Baltimore, and by the municipal agency designated in the annual
Ordinance of Estimates of the Mayor and City Council of Baltimore.