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

10:07 AM

Virtual/Du Burns Chambers, 4th Floor, City Hall, Phone:

+1-408-418-9388, Access Code: 2339 886 3615, Password:

Public, Link: https://bmore.webex.com/bmore/j.php?

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 - Public Infrastructure Loan - $125,000,000

For the purpose of authorizing the Mayor and City Council of Baltimore

(pursuant to General Assembly House Resolution IV and Senate

Resolution IV of 2024 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 TWENTY-FIVE Million Dollars

($125,000,000.00) 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); for the

development of the public infrastructure owned or controlled by the Mayor

and City Council of Baltimore and the Enoch Pratt Free Library, 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, 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 and the Enoch Pratt Free Library, 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 infrastucture, 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, 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 5th day of

November, 2024; 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.

A motion was made by member Middleton, seconded by member Stokes, that

Ordinance 24-0537 be Recommended Favorably. The motion carried by the

following vote:

5 - Costello, Burnett, Dorsey, Middleton, and Stokes Sr.

2 - McCray, and "Yitzy" Schleifer

Yes:

Absent:

ADJOURNMENT