City of Baltimore - File #: 07-0802

• File #: 07-0802
• Version: 0
• Name: State Related Economic Development Projects
• Type: Ordinance
• Status: Enacted
• File created: 9/17/2007
• In control: City Council
• Final action: 11/19/2007
• Enactment #: 07-546
• Title: State Related Economic Development Projects FOR the purpose of authorizing and providing for negotiated payments in lieu of taxes ("PILOTs") in connection with multi-use projects that combine at least 150 units of newly constructed residential housing, a parking structure containing at least 1000 parking spaces, and attendant retail space (collectively referred to as a "State Related Economic Development Project(s)") constructed on land owned by the State of Maryland; authorizing the Mayor and City Council of Baltimore to enter into all arrangements necessary to effectuate PILOTs for such State Related Economic Development Projects, by any and all necessary and proper means; making certain legislative findings concerning the public benefits of this Ordinance; providing that the assessment of the property shall be carried on the assessment books as though the property were taxable for the purposes of determining the amount of any State aid that is based on the assessable base of the ...
• Sponsors: City Council President (Administration)
• Indexes: Economic Development, State Related

Date	Ver.	Action By	Action	Result
11/19/2007	0	Mayor	Signed by Mayor
11/5/2007	0	Land Use and Transportation Committee	Advertising
10/29/2007	0	City Council	Approved and Sent to the Mayor
10/15/2007	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/20/2007	0	The City Council	Referred for a Report
9/19/2007	0	Taxation and Finance Committee	Advertising
9/19/2007	0	Taxation and Finance Committee	Advertising
9/17/2007	0	City Council	Introduced
9/17/2007	0	City Council	Assigned
9/17/2007	0	Taxation and Finance Committee	Scheduled for a Public Hearing

* 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 BILL ENTITLED

AN ORDINANCE concerning
Title
State Related Economic Development Projects

FOR the purpose of authorizing and providing for negotiated payments in lieu of taxes ("PILOTs") in connection with multi-use projects that combine at least 150 units of newly constructed residential housing, a parking structure containing at least 1000 parking spaces, and attendant retail space (collectively referred to as a "State Related Economic Development Project(s)") constructed on land owned by the State of Maryland; authorizing the Mayor and City Council of Baltimore to enter into all arrangements necessary to effectuate PILOTs for such State Related Economic Development Projects, by any and all necessary and proper means; making certain legislative findings concerning the public benefits of this Ordinance; providing that the assessment of the property shall be carried on the assessment books as though the property were taxable for the purposes of determining the amount of any State aid that is based on the assessable base of the City; authorizing the Board of Estimates to approve the final terms of the PILOT Agreements; and providing for a special effective date.
Body
BY authority of
Article - Tax - Property
Section 7-501(b)
Annotated Code of Maryland
(2001 Replacement Volume)

Recitals

Section 7-501 of the Tax Property Article of the Annotated Code of Maryland (the "Enabling Law") authorizes the Mayor and City Council of Baltimore (the "C...