An Ordinance Authorizing And Empowering City Of College Park (The “City”) To Sell And Issue From Time To Time, Upon Its Full Faith And Credit, One Or More Series Of (1)(A) General Obligation Bonds And (B) General Obligation Bond Anticipation Notes, Each In An Original Aggregate Principal Amount Not Exceeding Nineteen Million Dollars ($19,000,000), And (2) General Obligation Refunding Bonds, Subject To The Limitations Provided For Herein, The Proceeds Of The Sale Thereof To Be Used And Applied For The Public Purpose Of Financing, Reimbursing Or Refinancing Costs Of The Projects Identified Herein As (I) New City Hall And (II) Duvall Field Renovation – Phase 2; Specifying The Maximum Original Principal Amount Of The Bonds And The Bond Anticipation Notes To Be Allocated To Such Projects, Subject To Reallocation By The City In Accordance With Applicable Budgetary Procedures Or Law; Initially Determining The Manner In Which Each Series Of The Bonds, The Bond Anticipation Notes And The Refunding Bonds (Each A “Series Of The Obligations” Or The “Obligations”) Shall Be Sold, Unless By Resolution The Mayor And Council Of The City (The “Mayor And Council”) Provides For The Sale Of Any Series Of The Obligations By Another Permissible Manner; Authorizing The Mayor And Council To Determine Or Provide By Resolution For Various Matters Relating To The Authorization, Sale, Security, Issuance, Delivery, Payment And Prepayment Or Redemption Of And For Each Series Of The Obligations; Pledging The City’s Full Faith And Credit And Unlimited Taxing Power To The Prompt Payment Of Debt Service On The Obligations And Providing For The Imposition Of Ad Valorem Taxes Sufficient For Such Purposes; Providing That Debt Service On The Obligations Also May Be Paid From Any Other Lawfully Available Sources; Providing That Certain Actions May Be Taken Or Provided For By Resolution In Connection With The Reissuance Of Any Obligations; Providing That Any Of The Obligations May Be Consolidated With Any Bonds, Bond Anticipation Notes And/Or Refunding Bonds Authorized By The Mayor And Council And Issued As A Single Series; Authorizing, Empowering And Directing Officials And Employees Of The City To Take Certain Actions In Connection With The Obligations; Authorizing Modifications Of The Obligations To Be Made By Resolution Unless Another Action Is Required; Providing That This Title Be Deemed A Fair Summary Of This Ordinance For All Purposes; Providing That The Provisions Of This Ordinance Shall Be Liberally Construed; And Otherwise Generally Relating To The Sale, Issuance, Delivery And Payment Of And For The Obligations.

This Ordinance was introduced on July 9, 2019 and a Public Hearing was held on August 13, 2019. The Ordinance was then adopted on August 13, 2019 and will become effective on September 3, 2019.

The Board of Commissioners of the Housing Authority of the City of College Park, Maryland will hold a public hearing on “The Housing Authority of the City of College Park’s Five-Year/Annual Plan” on Monday, September 9, 2019 at 6:30 pm at Attick Towers, 9014 Rhode Island Avenue, College Park, Maryland.

Copies of the plan and all supporting documents are available for review at the Housing Authority’s main office located at 9014 Rhode Island Avenue, College Park, Maryland.

All comments and requests must be in writing and forwarded to James Simpson, Executive Director. For additional information, please contact James Simpson at (301) 345-3600.