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
Payment in Lieu of Taxes - Ward 07, Section 04, Block 1567, Lot 51A and Ward 07, Section 03, Block 1586, Lot 2, “Eager Square”
For the purpose of authorizing an economic development project to be known as “Eager Square”, in order that the Board of Estimates of Baltimore City (the “Board”) may enter into a Payment in Lieu of Taxes Agreement with Eager Place, LLC, a Maryland limited liability company, its successors or assigns (the “Developer”), for a project encompassing approximately (i) 246 residential market rate apartments and townhomes; (ii) 3,485 square feet of street retail; (iii) 152 on-site parking spaces; and (iv) related improvements/amenities; providing for a special effective date; and generally relating to payments in lieu of taxes for the Eager Square development.
body
By authority of
Article - Tax-Property
Section 7-504.3
Annotated Code of Maryland
(As enacted by Chapter 573, Acts of 2013)
Recitals
The Eager Square Project (the “Project”) is proposed to include approximately (i) 246 residential market rate apartments and townhomes; (ii) 3,485 square feet of street retail; (iii) 152 on-site parking spaces; and (iv) related improvements/amenities to be constructed on parcels of land known as Ward 07, Section 04, Block 1567, Lot 51A and Ward 07, Section 03, Block 1586, Lot 2, generally bounding on the 1900 block of East Eager Street between North Wolfe Street and North Washington Street in the East Baltimore Development Initiative Master Plan Area.
Section 7-504.3 of the State Tax-Property Article, as enacted by Chapter 573 Acts of 2013, authorizes the Board, subject to certain findi...
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