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Notice Of Public Hearing

NOTICE OF PUBLIC HEARING PROPOSED ISSUE OF PARKING FACILITIES REVENUE BONDS BY THE MARYLAND ECONOMIC DEVELOPMENT CORPORATION The Maryland Economic Development Corporation will hold a public hearing on June 27, 2018 at 9:00 a.m. in its office at 300 E. Lombard Street, Suite 1000, Baltimore, Maryland 21202 to consider the following: The issuance and sale by the Maryland Economic Development Corporation (the “Corporation”), pursuant to Sections 10-101 through 10-132, inclusive, of the Economic Development Article of the Annotated Code of Maryland, as amended, of one or more series of the Corporation’s non-recourse, limited obligation, tax-exempt revenue bonds (the “Bonds”) in an aggregate principal amount not to exceed $45,000,000, in order to pay for the financing or refinancing of a portion of the costs of (i) the acquisition of a leasehold interest in certain parcels of land and the improvements thereon, consisting generally of three parking garages, located at or about (A) 11 S. Eutaw Street, Baltimore, Maryland 21201, (B) 22 S. Gay Street, Baltimore, Maryland 21202, and (3) 101 S. Paca Street, Baltimore, Maryland 21201, together with the improvements, equipment and other assets and property thereon and/or relating thereto and renovations and repairs to such property (collectively, the “Project”), (ii) the reimbursement of the Corporation for any of such cost incurred by the Corporation prior to the issuance and sale of the Bonds, (iii) the costs of issuance of the Bonds, and (iv) other related costs associated with the acquisition of the leasehold interest in the Project, including the funding of debt service reserve funds, a capital reserve fund and an operating reserve fund. The Bonds will be repayable solely by the revenues received from the Project and will not constitute a debt, liability or pledge of the full faith and credit of the State of Maryland, any governmental unit thereof or the Corporation. The Project will be leased on a long term basis to the Corporation, with the Corporation being the owner for federal tax purposes. Interested persons are invited to attend the public hearing and will have a reasonable opportunity to express their views, both orally and in writing, on the proposed issue of revenue bonds. Written statements may be submitted to the Corporation at or prior to the time of the public hearing. Any written statement submitted prior to the hearing should be sent to the following address: Maryland Economic Development Corporation, 300 E. Lombard Street, Suite 1000, Baltimore, Maryland 21202, Attention: Executive Director. MARYLAND ECONOMIC DEVELOPMENT CORPORATION

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5 days, 11 hours ago
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Public & Legal Notices 

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