* 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 Costello
A Resolution Entitled
A Council Resolution concerning
title
Informational Hearing - Anchor Institution’s PILOT Agreement for Real Property Taxes
For the purpose of requesting a briefing on the efficacy of the 2016 PILOT agreement and the feasibility of, desirability of, and options for reopening and renegotiating the agreement.
body
Recitals
In 2016, the Mayor and City Council of Baltimore entered into an agreement with 15 medical and educational anchor institutions in which the anchor institutions would make annual payments in the aggregate of $6 million over Fiscal Years 2017-2026 ($60 million over the term of the agreement), as payments in lieu of taxes (“PILOT”). This PILOT was memorialized in a memorandum of understanding (MOU) negotiated with the City of Baltimore called the “Non-profit Assessment Agreement,” which was subsequently adopted by the Board of Estimates. The 2016 PILOT replaced an earlier agreement reached in 2010, which expired in June 2016.
The institutions who are party to the PILOT include members of the Maryland Hospital Association and Maryland Independent College and University Association who have facilities located in Baltimore City. These institutions include Bon Secours, Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, Johns Hopkins University, Loyola University Maryland, Maryland Institute College of Art, MedStar Good Samaritan Hospital, MedStar Har...
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