City of Baltimore - File #: 12-0084R

• File #: 12-0084R
• Version: 0
• Name: Request for State Action - Community Development PILOTs
• Type: City Council Resolution
• Status: Adopted
• File created: 12/6/2012
• In control: City Council
• Final action: 12/6/2012
• Title: Request for State Action - Community Development PILOTs FOR the purpose of respectfully requesting that the Maryland General Assembly pass, and the Governor sign, legislation allowing Baltimore City to enter into PILOT agreements for deserving smaller community development projects outside of the City's downtown and waterfront neighborhoods.
• Sponsors: Bill Henry, Carl Stokes, Mary Pat Clarke, Warren Branch, Nick Mosby, President Young, Sharon Green Middleton, Brandon M. Scott, William "Pete" Welch, Edward Reisinger, Rochelle Spector
• Indexes: Resolution

Date	Ver.	Action By	Action	Result
12/6/2012	0	City Council	Introduced
12/6/2012	0	City Council	Advanced to 2nd Reader on same day
12/6/2012	0	City Council	Adopted

* 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 Henry



A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Request for State Action - Community Development PILOTs

FOR the purpose of respectfully requesting that the Maryland General Assembly pass, and the Governor sign, legislation allowing Baltimore City to enter into PILOT agreements for deserving smaller community development projects outside of the City's downtown and waterfront neighborhoods.
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Recitals

Large developers and the City of Baltimore frequently work together to create payment in lieu of taxes (PILOT) agreements that lower the tax burden imposed on new property improvements and encourage beneficial projects that may not have otherwise been feasible.

These PILOT agreements are possible because of State authorization contained in § 7-504.3 of the Tax-Property Article in the Maryland Code. This section of State law lays out in some detail exactly what types of projects are eligible for PILOTs - generally only very large, multimillion dollar developments expected to create more than 100 permanent jobs.

While doubtless there are good reasons to concentrate on these mega-projects for development assistance - the time and effort required to negotiate and put into place a PILOT agreement is similar regardless of the PILOT's value, so larger projects are likely to provide a higher dollar value return on the City's investment of effort for example ...