City of Baltimore - File #: 12-0066

• File #: 12-0066
• Version: 0
• Name: Payments in Lieu of Taxes - Ward 04, Section 10, Block 0620, Lots 4-51 - "Lexington Square"
• Type: Mayor and City Council Res.
• Status: Enacted
• File created: 4/23/2012
• In control: City Council
• Final action: 12/11/2012
• Enactment #: 12-10
• Title: Payments in Lieu of Taxes - Ward 04, Section 10, Block 0620, Lots 4-51 - "Lexington Square" FOR the purpose of authorizing an economic development project to be known as "Lexington Square", in order that the Board of Estimates of Baltimore City (the "Board") may enter into a Payment in Lieu of Taxes Agreement with Lexington Square Partners, LLC, its successors or assigns (the "Developer"), for a project encompassing approximately (i) 296 residential market rate rental units and (ii) a structured parking facility containing approximately 650 parking spaces and related improvements; generally relating to payments in lieu of taxes for the Lexington Square development; and providing for a special effective date.
• Sponsors: City Council President (Administration)
• Indexes: Lexington Square, PILOT

Date	Ver.	Action By	Action	Result
12/11/2012	0	Mayor	Signed by Mayor
12/6/2012	0	City Council	Approved and Sent to the Mayor
12/3/2012	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
12/3/2012	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
9/20/2012	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
6/13/2012	0	Taxation, Finance and Economic Development Committee	Advertising
6/13/2012	0	Taxation, Finance and Economic Development Committee	Advertising
6/4/2012	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/26/2012	0	The City Council	Referred for a Report
4/23/2012	0	City Council	Introduced
4/23/2012	0	City Council	Assigned

* 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 10, Block 0620, Lots 4-51 - "Lexington Square"

FOR the purpose of authorizing an economic development project to be known as "Lexington Square", in order that the Board of Estimates of Baltimore City (the "Board") may enter into a Payment in Lieu of Taxes Agreement with Lexington Square Partners, LLC, its successors or assigns (the "Developer"), for a project encompassing approximately (i) 296 residential market rate rental units and (ii) a structured parking facility containing approximately 650 parking spaces and related improvements; generally relating to payments in lieu of taxes for the Lexington Square 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 Lexington Square Project (the "Project") is proposed to include approximately 296 market rate rental units and a related structured parking facility containing approximately 650 parking spaces and related improvements to be constructed on parcels of land known as Ward 04, Section 10, Block 0620, Lots 4-51, generally bounded by West Fayette Street, North Howard Street, West Lexington Street, and Park Avenue, in the Market Center Urban Renewal Area.

Section 7-504.3 of the State Tax-Property Article, ...