* 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 RESOLUTION ENTITLED
A RESOLUTION OF THE MAYOR AND CITY COUNCIL concerning
Title
Payments in Lieu of Taxes - Ward 04, Section 11, Block 661, Lot #2/3, 4, 5, 6, 7, 10, 11, 26 - "Lombard and Calvert Street Properties"
FOR the purpose of authorizing an economic development project to be known as "City Center", in order that the Board of Estimates may enter into a Payment in Lieu of Taxes (PILOT) Agreement (the "Agreement") with Center City, LLC, its successors or assigns ("Owner") covering a portion of the Owner's property consisting of (i) approximately 150 residential units, (ii) approximately 20,000 square feet of commercial space, and (iii) a structured parking facility containing up to approximately 300 parking spaces; generally relating to payments in lieu of taxes for the City Center development; and providing for a special effective date.
Body
By Authority of
Article - Tax - Property
Section 7-504.3
Annotated Code of Maryland
(As enacted by Chapter 643, Acts of 1999)
Recitals
The properties known as "Ward 04, Section 11, Block 661, Lots 2/3, 4, 5, 6, 7, 10, 11, 26 Baltimore, Maryland" are to be consolidated into one lot, to be known as "Lot 2", which will be subjected to a condominium regime that will contain 5 units: "Unit 1", "Unit 2", "Unit 3", "Unit 4", and "Unit 5". Included within the uses in Unit 1 are approximately 150 residential apartments (the "Apartments"); included within the uses in Unit 2 is approximate...
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