Title:
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An Act concerning the issuance and sale of special obligation bonds in an amount not to exceed $190,000,000 to finance the construction of parking facilities and other infrastructure improvements associated with Greenbelt Station Development.
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Title
An Act concerning the issuance and sale of special obligation bonds in an amount not to exceed $190,000,000 to finance the construction of parking facilities and other infrastructure improvements associated with Greenbelt Station Development.
Background
The proposed bill will authorize the issuance and sale of special obligation bonds in an amount not to exceed $190,000,000 to finance the construction of parking facilities and other infrastructure improvements associated with Greenbelt Station Development. The debt service costs will be paid from the increment increases in County real estate taxes attributable to the developed property and from a special tax levied on real and personal property within the Greenbelt Station Special Taxing District defined in the accompanying Formation Resolution.