City of Baltimore - File #: 10-0211R

• File #: 10-0211R
• Version: 0
• Name: Informational Hearing - Lease Agreements for Baltimore City Properties
• Type: City Council Resolution
• Status: Failed - End of Term
• File created: 6/7/2010
• In control: City Council
• Title: Informational Hearing - Lease Agreements for Baltimore City Properties FOR the purpose of requesting representatives from the City agencies involved in leasing City-owned property to appear before the City Council to ensure that market rate calculations are used in lease agreements and to ensure that adequate audits of City-owned property are done on a regular and ongoing basis.
• Sponsors: William H. Cole, IV, Robert Curran, James B. Kraft, Sharon Green Middleton, Warren Branch, Nicholas C. D'Adamo, Helen L. Holton, Bill Henry, Belinda Conaway, Agnes Welch, Rochelle Spector, Edward Reisinger, Mary Pat Clarke, President Young
• Indexes: City Property, Lease, Resolution

Date	Ver.	Action By	Action	Result
6/10/2010	0	The City Council	Referred for a Report
6/10/2010	0	The City Council	Referred for a Report
6/10/2010	0	The City Council	Referred for a Report
6/7/2010	0	City Council	Introduced
6/7/2010	0	City Council	Assigned

* 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 R
(Resolution)

Introduced by: Councilmember Cole

A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Informational Hearing - Lease Agreements for Baltimore City Properties

FOR the purpose of requesting representatives from the City agencies involved in leasing City-owned property to appear before the City Council to ensure that market rate calculations are used in lease agreements and to ensure that adequate audits of City-owned property are done on a regular and ongoing basis.
body
Recitals

The City of Baltimore owns more than 45,000 acres of property in surrounding counties in addition to thousands of acres within City limits. Some of that property is leased to private interests or to other jurisdictions for use.

Recent news reports indicate that a Baltimore County elected official leased approximately 20 acres of City-owned land at a far below-market rate of about $11 per acre. According to those news reports, the Baltimore County elected official negotiated a deal to pay a market rate price in 2003 and signed an agreement to that effect. The agreement never took effect, so the land remained at below-market rates until 2010.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF BALTIMORE, That representatives from the Office of Real Estate, the Department of Housing, the Baltimore Development Corporation, and any other City agency involved in lease agreements in which the City of Baltimore is the landowner ...