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
18-0228
Issuance of Revenue Obligations - Stormwater Projects
For the purpose of authorizing the issuance, sale and delivery from time to time by the City of revenue obligations that may be issued by the City to finance or refinance stormwater facilities; prescribing that the maximum aggregate principal amount of such revenue obligations that may be outstanding at any one time is $202,000,000; authorizing the Board of Finance of the City to specify, prescribe, determine, provide for, approve, and amend the form, terms, provisions, manner or method of issuing and selling, the time or times of issuance, and all other details of the revenue obligations and any other matters necessary or desirable in connection with the authorization, issuance, sale, and payment of these revenue obligations; providing for a special effective date; and generally relating to the issuance and payment of revenue obligations.
Sponsors: City Council President (Administration)
A motion was made by Member Pinkett, III, seconded by Member Reisinger, that Bill 18-0228 be Recommended Favorably. The motion carried by the following vote:
Yes: 4 - Member Middleton, Member Pinkett III, Member Costello, and Member Reisinger
Absent: 1 - Member Stokes Sr.
Adjournment
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