Bond Issue - Public Infrastructure Loan - $72,000,000
For the purpose of authorizing the Mayor and City Council of Baltimore
(pursuant to General Assembly House Resolution IV and Senate
Resolution IV of 2022 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 SEVENTY-TWO Million Dollars ($72,000,000.00) 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 8th day of
