City of Baltimore Taxation, Finance and Economic Development Committee met June 21.
Here is the minutes provided by the Committee:
Call To Order
Introductions
Attendance
Present 5 - Member Sharon Green Middleton, Member Leon F. Pinkett III, Member Eric T. Costello, Member Edward Reisinger, and Member Robert Stokes Sr.
Items Scheduled For Public Hearing
18-0215
Maryland Department of Transportation - County Transportation Revenue Bonds - Series 2018
For the purpose of authorizing the Mayor and City Council of Baltimore (the “City”) to enter into an agreement with the Maryland Department of Transportation in connection with the participation by the City in the proceeds derived from the sale of certain bonds, to be known as Department of Transportation of Maryland County Transportation Revenue Bonds, Series 2018 or as otherwise designated by the Secretary of Transportation and to be issued pursuant to Title 3, Subtitle 5 of the Transportation Article of the Annotated Code of Maryland, as amended; authorizing certain officials of the City to take certain actions in connection with the City’s participation in the proceeds of the sale of such bonds; providing for the pledge of the City’s share of Highway User Revenues to the payment of such bonds; providing that neither the faith and credit nor the taxing power of the City shall be pledged to the City’s payment obligations under the Participation Agreement identified herein; providing for the severability of the provisions of this Resolution; providing that this Resolution shall be liberally construed; and providing for a special effective date.Sponsors: City Council President (Administration)
A motion was made by Member Costello, seconded by Member Stokes, Sr., that
Bill 18-0215 be Recommended Favorably. The motion carried by the following vote:
Yes: 5- Member Middleton, Member Pinkett III, Member Costello, Member Reisinger, and Member Stokes Sr.
Adjournment
https://baltimore.legistar.com/Calendar.aspx
Alerts Sign-up