Advisory Commission Duties
For the purpose of listing the duties of the Financial Advisory
Commission; adding "spending affordability" to review the City's
finances so that spending levels align with the City's income, and
reviewing projected revenue, debt levels, and long-term fiscal outlook;
and generally related to the Financial Advisory Commission.
Sponsors:
Arnett
Attachments:
Issuance of General Obligation Bonds and Bond Anticipation Notes
For the purpose of authorizing and empowering the City of Annapolis
(the “City”) to issue and sell, upon its full faith and credit, (i) one or
more series of its general obligation bonds in the aggregate principal
amount not to exceed $73,561,499 (the “Bonds”), pursuant to Sections
19-301 through 19-309, inclusive, of the Local Government Article of the
Annotated Code of Maryland, as amended, and Article VII, Section 11 of
the Charter of the City of Annapolis, as amended (the “Charter”), (ii)
one or more series of its general obligation bond anticipation notes in
anticipation of the issuance of the Bonds in the maximum aggregate
principal amount equal to the maximum aggregate principal amount of
the Bonds (the “Notes”), pursuant to Sections 19-211 through 19-221,
inclusive, of the Local Government Article of the Annotated Code of
Maryland, as amended, and the Charter and (iii) one or more series of its
general obligation bonds to refund specified bonds previously issued by
the City in the aggregate principal amount not to exceed 120% of the
principal amount of bonds to be refunded (the “Refunding Bonds”),
pursuant to Section 19-207 and Sections 19-301 through 19-309,
inclusive, of the Local Government Article of the Annotated Code of
Maryland, as amended, and the Charter; providing that the Bonds,
Notes and Refunding Bonds shall be issued and sold for the public
purpose of financing and refinancing certain capital projects of the City
as provided in this Ordinance; prescribing the form and tenor of the
Bonds, Notes and Refunding Bonds; providing for the method of sale of
the Bonds, Notes and Refunding Bonds and other matters relating to the
issuance and sale thereof; providing for the disbursement of the proceeds
of the Bonds, Notes and Refunding Bonds; covenanting to levy and
collect all taxes necessary to provide for the payment of the principal of
and interest on the Bonds, Notes and Refunding Bonds; and generally
providing for and determining various matters relating to the issuance,
sale and delivery of the Bonds, Notes and Refunding Bonds.
Sponsors:
Buckley
