Explanation: Capitals indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
* 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: Councilmember Ramos
A Bill Entitled
An Ordinance concerning
title
Study and Report - Tax Increment Financing
For the purpose of requiring the Director of Finance, the City Administrator, the City Solicitor, the Commissioner for the Department of Housing and Community Development, and the Director of the Office of Equity and Civil Rights to submit a report, in collaboration with advocates, practitioners, and residents, that details how Tax Increment Financing can be used for community development and eliminating vacant and abandoned properties; and providing for a special effective date.
body
Section 1. Be it ordained by the Mayor and City Council of Baltimore, That:
(a) No later than 90 days after enactment of this Ordinance, the Director of Finance, the City Administrator, the City Solicitor, the Commissioner for the Department of Housing and Community Development, and the Director of the Office of Equity and Civil Rights shall submit a report, in collaboration with advocates, practitioners, and residents, about the public financing tool known as Tax Increment Financing (“TIF”).
(b) Prior to the report’s final submission to the City Council a public notice shall be published containing report and seeking public comment for at least 30 days .
(c) The report shall include:
(i) A description of TIF, including:
(1) a...
Click here for full text