Introduced by: Councilmember Stokes
A Bill Entitled
An Ordinance concerning
title
Port Covington Housing
For the purpose of ensuring that the Development District known as the “Port Covington Development District” develops residential housing within its confines in a manner that furthers fair and inclusionary housing.
body
By authority of
Article II - General Powers
Sections (19), (40), (47), (58), and (62)
Baltimore City Charter
(1996 Edition)
Recitals
Pursuant to Ordinances enacted prior to or simultaneously with this Ordinance, the City has, through the authority of Article II, § (62) of the Baltimore City Charter (the “Tax Increment Act”):
(i) designated the Port Covington Development District (the “Development District”);
(ii) designated the Port Covington Special Tax District (the “Special Taxing District”); and
(iii) authorized the issuance of special obligation bonds and the pledge, subject to appropriation, relative to the Port Covington Development and Special Taxing District.
The Tax Increment Financing authority under Article II, § (62)(f)(4) also authorizes the City to specify or prescribe, by ordinance, the terms and provisions of any development agreement to be executed by the Mayor and City Council of Baltimore and any person in connection with the issuance of tax increment financing bonds.
Article II, § (47) of the Baltimore City Charter authorizes the Mayor and City Council of Baltimore (the “City”) to pass any ordinance, not inconsistent with the provisions of the Charter or the laws of the State, which it may deem proper in maintaining the peace, good government, health and welfare of Baltimore City.
Article II, § (58) of the Baltimore City Charter authorizes the City to d...
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