Baltimore City Council
File #: 20-0588    Version: 0 Name: Perkins Somerset Oldtown Bond Issuance
Type: Ordinance Status: Enacted
File created: 8/17/2020 In control: City Council
On agenda: Final action: 10/27/2020
Enactment #: 20-419
Title: Perkins Somerset Oldtown Bond Issuance For the purpose of authorizing the issuance of special obligation bonds and the pledge, subject to appropriation, of Tax Increment Revenues and Special Tax Revenues (as such terms are defined herein) to the payment of debt service thereon; authorizing the pledge by the City, subject to appropriation, of the Tax Increment Revenues and Special Tax Revenues pursuant to a Contribution Agreement (defined herein) to provide for the payment by the State Issuer (defined herein) of the principal of and interest on the applicable State Obligations (defined herein) and other related costs; providing that such bonds or State Obligations may be issued from time to time and in one or more issues or series in an aggregate principal amount not exceeding $105,000,000 for the purpose of financing infrastructure improvements and related costs, including, without limitation, the Project (defined herein), and other necessary improvements to, from, or within the develo...
Sponsors: City Council President (Administration)
Indexes: Bond Issue
Attachments: 1. Agenda 20-0588, 2. 20-0588~1st Reader, 3. Daily Record Newspaper Affidavits 20-0588, 4. Planning 20-0588, 5. Delegate McIntosh - letter of support, 6. Finance 20-0588, 7. Parking 20-0588, 8. BMZA 20-0588, 9. HCD 20-0588, 10. Delegate McIntosh - letter of support, 11. BDC 20-0588, 12. DPW 20-0588, 13. Law 20-0588, 14. HABC 20-0588, 15. Perkins Homes Tenant Council TIF Support Ltr 091720, 16. Street PSO TIF Support Ltr 091720, 17. support letter - principal richetta, 18. Perkins Homes Tenant Support Letter 20-0588, 19. Street PSO TIF Support Letter 20-0588, 20. support letter - principal richetta, 21. Letter of Support Perkins-Somerset-Oldtown project_, 22. Meeting Minutes - 20-0588, 23. Letter of Support Perkins-Somerset-Oldtown project, 24. Senator McCray - Perkins-Somerset, 25. Taxation - 20-0588 - Hearing Notes, 26. TFED - Perkins Somerset Oldtown - Bill Synopsis, 27. Signed Ordinance 20-0588, 28. 20-0588~3rd Reader
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
11/2/20200 Mayor Signed by Mayor  Action details Meeting details Not available
10/19/20200 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
10/5/20200 City Council 3rd Reader, for final passage  Action details Meeting details Not available
9/24/20200 Taxation, Finance and Economic Development Committee Recommended FavorablyPass Action details Meeting details Not available
9/10/20200 Taxation, Finance and Economic Development Committee Advertising  Action details Meeting details Not available
8/20/20200 The City Council Refer to Parking Authority Board  Action details Meeting details Not available
8/20/20200 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
8/20/20200 The City Council Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
8/20/20200 The City Council Refer to Dept. of Public Works  Action details Meeting details Not available
8/20/20200 The City Council Refer to Baltimore Development Corporation  Action details Meeting details Not available
8/20/20200 The City Council Refer to City Solicitor  Action details Meeting details Not available
8/20/20200 The City Council Refer to Board of Municipal and Zoning Appeals  Action details Meeting details Not available
8/20/20200 The City Council Refer to Planning Commission  Action details Meeting details Not available
8/20/20200 The City Council Refer to Housing Authority of Baltimore City  Action details Meeting details Not available
8/17/20200 City Council Introduced  Action details Meeting details Not available
8/17/20200 City Council Assigned  Action details Meeting details Not available
8/17/20200 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
* Warning: This is an unofficial, introductory copy of the bill.
The official copy considered by the City Council is the first reader copy.
Introductory*

City of Baltimore
Council Bill

Introduced by: The Council President
At the request of: The Administration (Department of Housing and Community Development)

A Bill Entitled

An Ordinance concerning
title
Perkins Somerset Oldtown Bond Issuance
For the purpose of authorizing the issuance of special obligation bonds and the pledge, subject to appropriation, of Tax Increment Revenues and Special Tax Revenues (as such terms are defined herein) to the payment of debt service thereon; authorizing the pledge by the City, subject to appropriation, of the Tax Increment Revenues and Special Tax Revenues pursuant to a Contribution Agreement (defined herein) to provide for the payment by the State Issuer (defined herein) of the principal of and interest on the applicable State Obligations (defined herein) and other related costs; providing that such bonds or State Obligations may be issued from time to time and in one or more issues or series in an aggregate principal amount not exceeding $105,000,000 for the purpose of financing infrastructure improvements and related costs, including, without limitation, the Project (defined herein), and other necessary improvements to, from, or within the development district, and certain other infrastructure improvements permitted by the Acts (defined herein); providing for the method and sources of payment for such special obligation bonds; authorizing the Board of Finance to specify, prescribe, determine, provide for and approve the details, forms, documents or procedures in connection with such special obligation bonds and any other matters necessary or desirable in connection with the authorization, issuance,...

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