Newsroom

Public Hearings
posted: 06/21/17

Notice of Public Hearing-Bond for North Dorchester High School Replacement


Tuesday, July 18, 2017

NOTICE OF PUBLIC HEARING

 

The County Council of Dorchester County, Maryland will conduct a public hearing at 6:35 p.m. on Tuesday, July 18, 2017 in Room 110, County Office Building, 501 Court Lane, Cambridge, Maryland 21613 to consider BILL NO. 2017-6 - AN ACT TO AUTHORIZE AND EMPOWER DORCHESTER COUNTY, MARYLAND, TO BORROW AN AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING $31,000,000 ON ITS FULL FAITH AND CREDIT, AND ISSUE AND SELL ITS GENERAL OBLIGATION BONDS IN ONE OR MORE SERIES FROM TIME TO TIME IN ORDER TO FINANCE, REIMBURSE OR REFINANCE COSTS OF (I) REPLACING NORTH DORCHESTER HIGH SCHOOL, (II) REPLACING SYSTEMS HARDWARE AND SOFTWARE FOR THE DEPARTMENT OF FINANCE, (III) REPLACING EMERGENCY COMMUNICATIONS RADIO SYSTEMS, AND (IV) RELATED COSTS, AS FURTHER PROVIDED FOR HEREIN; AUTHORIZING THE ISSUANCE AND SALE BY THE COUNTY FROM TIME TO TIME OF ONE OR MORE SERIES OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING $31,000,000 IN ORDER TO FINANCE, REIMBURSE OR REFINANCE PROJECT COSTS ON AN INTERIM BASIS AND RELATED COSTS; AUTHORIZING THE ISSUANCE AND SALE BY THE COUNTY FROM TIME TO TIME OF ONE OR MORE SERIES OF GENERAL OBLIGATION REFUNDING BONDS IN ORDER TO CURRENTLY REFUND OR ADVANCE REFUND ANY OF THE BONDS ISSUED PURSUANT TO THE AUTHORITY OF THIS ACT AND PAY RELATED COSTS, PROVIDED THAT THE AGGREGATE PRINCIPAL AMOUNT OF EACH SUCH SERIES OF REFUNDING BONDS SHALL NOT EXCEED ONE HUNDRED THIRTY PERCENT (130%) OF THE AGGREGATE PRINCIPAL AMOUNT OF BONDS REFUNDED THEREFROM; AUTHORIZING THE COUNTY COUNCIL TO ADOPT ONE OR MORE ADMINISTRATIVE RESOLUTIONS PRIOR TO ISSUING ANY SUCH BONDS, BOND ANTICIPATION NOTES OR REFUNDING BONDS (THE “OBLIGATIONS”) IN ORDER TO FIX, PRESCRIBE, DETERMINE OR PROVIDE FOR THE DETAILS OF SUCH OBLIGATIONS AND THE ISSUANCE AND SALE THEREOF; EXEMPTING ANY SUCH BONDS OR REFUNDING BONDS FROM THE PROVISIONS OF SECTIONS 19-205 AND 19-206 OF THE LOCAL GOVERNMENT ARTICLE OF THE ANNOTATED CODE OF MARYLAND; PROVIDING FOR CERTAIN DETERMINATIONS TO BE MADE BY ADMINISTRATIVE RESOLUTION IN CONNECTION WITH ANY PUBLIC SALE OF SUCH OBLIGATIONS; PROVIDING FOR THE LEVY OF TAXES UPON THE ASSESSABLE PROPERTY WITHIN THE COUNTY SUFFICIENT TO PAY THE DEBT SERVICE ON SUCH OBLIGATIONS; PROVIDING THAT THIS TITLE IS A FAIR SUMMARY OF THIS BILL FOR ALL PURPOSES; PROVIDING THAT THE PROVISIONS OF THIS ACT SHALL BE LIBERALLY CONSTRUED IN ORDER TO EFFECTUATE ITS PURPOSES; AND GENERALLY PROVIDING FOR AND DETERMINING VARIOUS MATTERS IN CONNECTION WITH THE OBLIGATIONS AUTHORIZED HEREBY.

 

The public is invited to attend the hearing and to provide comments.

CLICK HERE TO VIEW LEGISLATION

 

COUNTY COUNCIL OF DORCHESTER COUNTY, MARYLAND

By: Ricky C. Travers, President