26-0179

Bond Issue – Affordable Housing Loan – $22,000,000

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

(pursuant to General Assembly House Resolution I and Senate Resolution

I of 2026 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 TWENTY

TWO Million ($22,000,000.00) from the sale of such certificates of

indebtedness to be used for or in connection with planning, developing,

executing, and making operative the Affordable Housing program of the

Mayor and City Council of Baltimore, including, but not limited to, the

acquisition, by purchase, lease, condemnation or any other legal means, of

land or property, or any right, interest, franchise, easement or privilege

therein, in the City of Baltimore; the payment of any and all costs and

expenses incurred in connection with or incidental to the acquisition and

management of said land or property, including any and all rights of interest

therein hereinbefore mentioned; the payment of any and all costs and

expenses incurred for or in connection with relocating and moving persons

or other legal entities displaced by the acquisition of said land or property,

or any of the rights or interest therein hereinbefore mentioned, in the City of

Baltimore; the development or redevelopment, including, but not limited to,

the comprehensive renovation or rehabilitation of, any land or property, or

any rights or interests therein hereinbefore mentioned, in the City of

Baltimore, and the disposition of land and property for such purposes;

costs related to the rehabilitation and new construction of and operation of

rental and homeownership developments, such costs to include but not be

limited to relocation assistance, rental payment and home purchase

assistance, housing counseling and project financing comprised of loans

(including forgivable or fully amortizing) or grants or other related activities

and buyer education assistance, and activities to support the orderly and

sustainable planning, preservation, rehabilitation, and development of

economically diverse housing in City neighborhoods; support for the

Affordable Housing Trust Fund; the elimination of unhealthful, unsanitary or

unsafe conditions, lessening density, eliminating obsolete or other uses

detrimental to the public welfare or otherwise removing or preventing the

spread of blight or deterioration in the City 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, and other structures

or improvements; 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; 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 generally for the

issuance and sale of such 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.

City Council President (Administration)

Sponsors:

A motion was made by CM Glover that this Ordinance be Recommended

Favorably. The motion carried by the following vote:

4 - McCray, Schleifer, Gray, and Glover

Yes:

26-0180

Bond Issue – School Loan – $60,000,000

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

(pursuant to General

Assembly House Resolution II and Senate Resolution II of 2026 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 SIXTY Million Dollars

($60,000,000.00) from the sale of such certificates of indebtedness to 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 for the modernization of reconstruction

of, including the inspection, removal, encapsulation, management,

containment and abatement of asbestos from existing facilities, and for

equipment for any and all new or existing facilities authorized to be

constructed, erected, added, improved, modernized or reconstructed 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,

including, without limitation, services relating to planning for future projects

of the same general character which may be constructed out of future

loans; 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 certain powers upon the Baltimore City Board of School

Commissioners; imposing certain conditions in connection with the

expenditure of the proceeds derived from the sale of said certificates of

indebtedness; 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 Election to be held 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.

City Council President (Administration)

Sponsors:

A motion was made by CM Glover that this Ordinance be Recommended

Favorably. The motion carried by the following vote:

26-0181

Bond Issue – Community and Economic Development Loan –

$50,000,000

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

(pursuant to General Assembly House Resolution III and Senate Resolution

III 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 FIFTY Million Dollars ($50,000,000.00) from the sale of such

certificates of indebtedness to be used, with or without complementary

funding sources, for or in connection with planning, developing, executing,

and making operative the community, commercial and industrial economic

development programs of the Mayor and City Council of Baltimore,

including, but not limited to, the acquisition, by purchase, lease,

condemnation or any other legal means, of land or property, or any right,

interest, franchise, easement or privilege therein, in the City of Baltimore;

the payment of any and all costs and expenses incurred in connection with

or incidental to the acquisition and management of said land or property,

including any and all rights or interest therein hereinbefore mentioned; the

payment of any and all costs and expenses incurred for or in connection

with relocating and moving persons or other legal entities displaced by the

acquisition of said land or property, or any of the rights or interest therein

hereinbefore mentioned; the development, or redevelopment, including, but

not limited to, the comprehensive renovation or rehabilitation of any land or

property, or any rights or interests therein hereinbefore mentioned, in the

City of Baltimore; and the disposition of land and property for such

purposes; the elimination of unhealthful, unsanitary or unsafe conditions,

lessening density, eliminating obsolete or other uses detrimental to the

public welfare or otherwise removing or preventing the spread of blight or

deterioration in the City of Baltimore; building from strength; stabilizing

middle neighborhoods, strengthening neighborhood retail corridors, the

creation of healthy, sanitary, and safe, and green conditions in the City of

Baltimore; the demolition, removal, relocation, renovation or alteration of

land, buildings, streets, highways, alleys, sidewalks, utilities or services,

parks or other recreational land or facilities, and other structures or

improvements and for the construction, reconstruction, installation,

relocation or repair of buildings, streets, highways, alleys, sidewalks,

utilities or services, parks or other recreational land or facilities, and other

structures or improvements; making loans and grants to various projects

and programs related to growing businesses in the City; attracting and

retaining jobs; providing homeownership incentives and home repair

assistance; promoting economic inclusion and facilitating transformational

change and achieving whole block outcomes; making loans and grants to

various projects and programs related to improving the cultural life and

promotion of tourism in Baltimore City; and the lending or granting of funds

to any person or other legal entity to be used for or in connection with the

rehabilitation, renovation, redevelopment, improvement or construction of

buildings and structures to be used or occupied for residential or

commercial purposes and 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 any or all of the matters or things hereinbefore mentioned; all

such land or property shall be acquired, developed, redeveloped,

renovated, rehabilitated, altered, improved, held or disposed of, as

provided by law; 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.

City Council President (Administration)

Sponsors:

A motion was made by CM Gray that this Ordinance be Recommended

Favorably. The motion carried by the following vote:

4 - McCray, Schleifer, Gray, and Glover

Yes:

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.