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 November, 2022; 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 member McCray, seconded by member Middleton, that
Ordinance 22-0230 be recommended Favorably. The motion carried by the
following vote:
