City of Baltimore - File #: 11-0783

• File #: 11-0783
• Version: 0
• Name: North Locust Point Development District - Amending Ordinance 03-642
• Type: Ordinance
• Status: Enacted
• File created: 9/26/2011
• In control: City Council
• Final action: 11/22/2011
• Enactment #: 11-553
• Title: North Locust Point Development District - Amending Ordinance 03-642 FOR the purpose of adding and modifying certain definitions, enlarging the boundaries of the development district, revising Exhibit 1 to include the additional properties, ratifying Ordinance 03-642, providing for a special effective date, and making the provisions of this Ordinance severable.
• Sponsors: City Council President (Administration)
• Indexes: Amendment, Development District, Locust Point

Date	Ver.	Action By	Action	Result
11/22/2011	0	Mayor	Signed by Mayor
11/21/2011	0	City Council	Approved and Sent to the Mayor
11/14/2011	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment
11/14/2011	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
11/2/2011	0	Taxation, Finance & Economic Development/Budget & Appropriations Committee	Advertising
11/2/2011	0	Taxation, Finance and Economic Development Committee	Advertising
10/19/2011	0	Taxation, Finance and Economic Development Committee	Advertising
10/17/2011	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/29/2011	0	The City Council	Referred for a Report
9/26/2011	0	City Council	Introduced
9/26/2011	0	City Council	Assigned

EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL

Introduced by: The Council President
At the request of: The Administration (Baltimore Development Corporation)

A BILL ENTITLED

AN ORDINANCE concerning
title
North Locust Point Development District - Amending Ordinance 03-642

FOR the purpose of adding and modifying certain definitions, enlarging the boundaries of the development district, revising Exhibit 1 to include the additional properties, ratifying Ordinance 03-642, providing for a special effective date, and making the provisions of this Ordinance severable.
body

BY repealing and reordaining, with amendments
Ordinance 03-642
Section(s) 1 and 3

Recitals

The Tax Increment Financing Act, Article II, Section (62) of the Baltimore City Charter (the “Act”) authorizes the Mayor and City Council of Baltimore (the “City”) to establish a “development district” (as defined in the Act) and a special, tax increment fund into which the revenues and receipts from the real property taxes representing the levy on the “tax increment” (as defined in the Act) for the development district are deposited, for the purpose of providing funds for the development of the development district.

The Act also authorizes the City, subject to certain requirements, to borrow money by issuing and selling bonds for the purpose of financing and refinancing the development of industrial, commercial, or residential areas in Baltimore City. The Act provides, however, that no ...