Reference No. CB-047-2012    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 7/24/2012
Introduced Date 6/19/2012 Public Hearing Date
Effective date: 11/20/2012    
Title: An Act concerning borrowing to finance Capital Projects for County Buildings in an amount not to exceed $75,823,000, and providing for the issuance of such bonds subject to referendum of the legal voters of the County
Proposers/Sponsors: Andrea C. Harrison, Will Campos, Derrick Leon Davis, Mary A. Lehman, Eric C. Olson, Obie Patterson, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY S2012047, 2. B2012047.pdf
Contact: Joseph R. Hamlin Office of Law
Title An Act concerning borrowing to finance Capital Projects for County Buildings in an amount not to exceed $75,823,000, and providing for the issuance of such bonds subject to referendum of the legal voters of the County Background This bill provides the authority to borrow an amount not to exceed $75,823,000 to finance county building improvements as approved in the FY2013-2018 Capital Improvement Program. The amount enabled will provide sufficient funding to complete a useable portion of each project as required by Section 823 of the County Charter. The borrowings authorized in this bill will occur over several years as programmed in the FY2013-2018 Capital Improvement Program.



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