3845
LAUREL

SUBSEQUENT TO THE ANNEXATION; IN THE THIRD YEAR
SUBSEQUENT TO ANNEXATION THE TAX IMPOSED BY THE CITY OF
LAUREL UPON THE LAND SHALL BE TWENTY-FIVE (25%) PERCENT
OF THE REGULAR CITY TAX RATE UPON LAND; IN THE FOURTH
YEAR SUBSEQUENT TO ANNEXATION THE TAX IMPOSED BY THE CITY
OF LAUREL UPON LAND SHALL BE FIFTY (50%) PERCENT OF THE
REGULAR CITY TAX RATE UPON LAND; DURING THE FIFTH YEAR
SUBSEQUENT TO THE ANNEXATION THE TAX IMPOSED BY THE CITY
OF LAUREL UPON LAND SHALL BE SEVENTY-FIVE (75%) PERCENT
OF THE REGULAR CITY TAX RATE UPON LAND; DURING AND AFTER
THE SIXTH YEAR SUBSEQUENT TO THE ANNEXATION THE TAX
IMPOSED BY THE CITY OF LAUREL UPON THE LAND SHALL BE THE
REGULAR CITY TAX RATE AS IMPOSED ON ALL LAND WITHIN THE
CORPORATE BOUNDARIES OF THE SAID CITY; IMPROVEMENTS UPON
THE ANNEXED LAND AND THE BUSINESS PERSONAL PROPERTY TAXES
SHALL BE TAXED DURING THE FIRST AND SECOND YEAR
SUBSEQUENT TO THE ANNEXATION AT ONE-HALF OF THE REGULAR
CITY TAX RATE; THE THIRD YEAR SUBSEQUENT TO ANNEXATION
THE TAX IMPOSED BY THE CITY OF LAUREL UPON THE
IMPROVEMENTS AND BUSINESS PERSONAL SHALL BE AT SIXTY-TWO
AND ONE-HALF PERCENT (62-1/2%) OF THE ASSESSED VALUATION;
THE FOURTH YEAR SUBSEQUENT TO ANNEXATION THE TAX IMPOSED
BY THE CITY OF LAUREL UPON THE IMPROVEMENTS AND BUSINESS
PERSONAL SHALL BE AT SEVENTY-FIVE (75%) PERCENT OF THE
ASSESSED VALUATION; THE FIFTH YEAR SUBSEQUENT TO
ANNEXATION THE TAX IMPOSED BY THE CITY OF LAUREL UPON THE
IMPROVEMENTS AND BUSINESS PERSONAL SHALL BE AT
EIGHTY-SEVEN AND ONE HALF PERCENT (87 - 1/2%) OF THE
ASSESSED VALUATION; DURING AND SUBSEQUENT TO THE SIXTH
YEAR THE TAX IMPOSED BY THE CITY OF LAUREL UPON THE
IMPROVEMENTS AND BUSINESS PERSONAL SHALL BE AT ONE
HUNDRED PERCENT (100%) OF THE ASSESSED VALUATION.

DESCRIPTION OF AREA TO BE ANNEXED. BEGINNING FOR
THE SAME AT AN IRON PIPE FOUND IN THE SOUTHERLY SIDE OF
SANDY SPRING ROAD AS SHOWN ON STATE ROADS PLAT NO.
14299-A AND RUNNING THENCE NORTH 13 DEGREES 43 MINUTES 26
SECONDS WEST 13.20 FEET TO AN IRON PIPE FOUND IN AND
265.21 FEET FROM THE END OF THE SECOND OR NORTH 82 1/2
DEGREE EAST 390.5 FOOT LINE OF THE CONVEYANCE FROM
MARGARET MRYTLE LANKFORD, SINGLE, TO ROLAND L. NICHOLS
AND BARBARA NICHOLS, HIS WIFE, BY A DEED DATED DECEMBER
27, 1965 AND RECORDED AMONG THE LAND RECORDS OF PRINCE
GEORGE'S COUNTY, MARYLAND IN LIBER 3253 FOLIO 423; AND
PUNNING THENCE WITH THE REMAINDER OF THE SAID SECOND
LINE, CORRECTED FOR VARIATION, NORTH 76 DEGREES 16
MINUTES 34 SECONDS EAST 265.21 FEET TO AN IRON PIPE
FOUND; THENCE LEAVING THE SOUTHERLY SIDE OF SANDY SPRING
ROAD AND RUNNING WITH THE THIRD OR SOUTH 10 3/4 DEGREES
WEST 556.88 FOOT LINE OF THE LANKFORD TO NICHOLS
DESCRIPTION, CORRECTED FOR VARIATION, SOUTH 3 DEGREES 46
MINUTES 04 SECONDS WEST 577.. 36 FEET TO AN IRON PIPE FOUND
IN AND 332.36 FEET FROM THE BEGINNING OF THE SIXTH OR
SOUTH 81 DEGREES 59 MINUTES 32 SECONDS EAST 1812.54 FOOT