City of Baltimore - File #: 15-0586

• File #: 15-0586
• Version: 0
• Name: University of Maryland Baltimore BioPark Development District
• Type: Ordinance
• Status: Enacted
• File created: 11/2/2015
• In control: City Council
• Final action: 12/18/2015
• Enactment #: 15-437
• Title: University of Maryland Baltimore BioPark Development District FOR the purpose of designating a "development district" to be known as the "University of Maryland Baltimore BioPark Development District"; providing for and determining various matters in connection with the establishment of the development district; creating a special, tax increment fund for the development district; allocating certain property taxes to that fund; making certain findings and determinations; providing for a special effective date; and generally providing for matters relating to the designation and operation of the development district and the establishment and use of the special, tax increment fund to provide for the payment by or reimbursement to the City for debt service which the City is obligated to pay or has paid (whether such obligation is general or limited) on any special obligation bonds or notes issued by the City in connection with the development district, the replenishment of any reserve fund,...
• Sponsors: City Council President (Administration)
• Indexes: Baltimore City, BioPark, Development District, University of Maryland

Date	Ver.	Action By	Action	Result
1/11/2016	0	Mayor	Signed by Mayor
12/10/2015	0	City Council	Approved and Sent to the Mayor
12/7/2015	0	City Council	3rd Reader, for final passage
12/7/2015	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
11/24/2015	0	Taxation, Finance and Economic Development Committee	Recommended Favorably	Pass
11/13/2015	0	Taxation, Finance and Economic Development Committee	Advertising
11/12/2015	0	Taxation, Finance and Economic Development Committee	Advertising
11/9/2015	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
11/5/2015	0	The City Council	Refer to Dept. of Housing and Community Development
11/5/2015	0	The City Council	Refer to Parking Authority Board
11/5/2015	0	The City Council	Refer to Dept. of Public Works
11/5/2015	0	The City Council	Refer to Dept. of Finance
11/5/2015	0	The City Council	Refer to Dept. of Planning
11/5/2015	0	The City Council	Refer to Baltimore Development Corporation
11/5/2015	0	The City Council	Refer to Board of Municipal and Zoning Appeals
11/5/2015	0	The City Council	Refer to City Solicitor
11/2/2015	0	City Council	Assigned
11/2/2015	0	City Council	Introduced

* 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
University of Maryland Baltimore BioPark Development District
FOR the purpose of designating a "development district" to be known as the "University of Maryland Baltimore BioPark Development District"; providing for and determining various matters in connection with the establishment of the development district; creating a special, tax increment fund for the development district; allocating certain property taxes to that fund; making certain findings and determinations; providing for a special effective date; and generally providing for matters relating to the designation and operation of the development district and the establishment and use of the special, tax increment fund to provide for the payment by or reimbursement to the City for debt service which the City is obligated to pay or has paid (whether such obligation is general or limited) on any special obligation bonds or notes issued by the City in connection with the development district, the replenishment of any reserve fund, and the payment of certain expenses and administrative costs related to the operation of the development district.
body

BY authority of
Article II - General Powers
Section (62)
Baltimore City Charter
(1996 Edition)

Economic Development Article
Sections 5-1401, et seq.
Maryland Code
(2008)

Economic Development Article
Sections 12-201, et seq.
Maryland Code
(2008)

Recitals

Article II, Section (62) of ...