* 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 03, Section 06, Block 1800, Lot #0001, "701 Aliceanna Street"
FOR the purpose of authorizing an economic development project to be known as "701 Aliceanna Street", in order that the Board of Estimates of Baltimore City (the "Board") may enter into a Payment in Lieu of Taxes Agreement with Harbor East Parcel D-Acquisition, LLC, its successors or assigns (the "Owner") covering a portion of the Owner's property, consisting of (i) office space consisting of approximately 500,000 rentable square feet, and (ii) a structured parking facility containing approximately 1,200 parking spaces and related improvements; generally relating to payments in lieu of taxes for the 701 Aliceanna Street development; and providing for a special effective date.
Body
BY authority of
Article - Tax - Property
Section 7-504.3
Annotated Code of Maryland
Recitals
The Owner is the owner of Parcel D that is described on a Plat titled "Resubdivision of Parcels B, D, and P - Inner Harbor East II" recorded in the Land Records of Baltimore City in Plat Records F.M.C. No. 3718. The Owner intends to develop on Parcel D a mixed use development that will include a hotel, residential condominiums, office space, retail space, and a garage (the "Project"). The office portion of the Project will contain approximately 500,000 net rentable square feet (the "Office Space"...
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