Reference No. CB-081-2012    Draft No. 2
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 11/20/2012
Introduced Date 10/23/2012 Public Hearing Date
Effective date: 1/7/2013    
Title: An Ordinance concerning Public Facilities Financing and Implementation Programs for the purpose of clarifying that financing strategies for proposed and future development in a specified area established within a Public Facilities Financing and Implementation Program (PFFIP) include annual cost adjustments in a percentage equivalent to the percentage by which the Engineering News-Record (ENR) cost indices of local construction costs for the Washington Metropolitan area have changed.
Proposers/Sponsors: Derrick Leon Davis, Mel Franklin, Karen R. Toles
Code sections: 27-107.01 -
Attachments: 1. ACTION SUMMARY S2012081, 2. B2012081.pdf
Contact: Karen T. Zavakos Legislative Officer
Title An Ordinance concerning Public Facilities Financing and Implementation Programs for the purpose of clarifying that financing strategies for proposed and future development in a specified area established within a Public Facilities Financing and Implementation Program (PFFIP) include annual cost adjustments in a percentage equivalent to the percentage by which the Engineering News-Record (ENR) cost indices of local construction costs for the Washington Metropolitan area have changed. Background This bill clarifies that financing strategies established for proposed and future development in a specified area within a Public Facilities Financing and Implementation Program (PFFIP) include annual cost adjustments in a percentage equivalent to the percentage by which the Engineering News-Record (ENR) cost indices of local construction costs for the Washington Metropolitan area have changed.



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