LAWS OF MARYLAND

Ch. 11

Baltimore City - Community Development Bond Issue

the purpose of authorizing the Mayor and City Council of
Baltimore to create a debt, and to issue and sell its
certificates of indebtedness as evidence thereof, to an
amount not exceeding Seven Million Dollars
($7,000,000.00), the proceeds derived from the sale of
the certificates of indebtedness to be used for or in
connection with planning, developing, executing, and
making operative the Community Development Program of
the Mayor and City Council of Baltimore, including, but
not limited to, the acquisition, by purchase, lease,
condemnation or any other legal means, of land or
property, or any right, interest, franchise, easement
or privilege therein, in the City of Baltimore; the
payment of any and all costs and expenses incurred in
connection with or incidental to the acquisition and
management of said land or property, including any and
all rights or interest therein hereinbefore mentioned;
the payment of any and all costs and expenses inccured
incurred for or in connection with relocating and
moving persons or other legal entities displaced by the
acquisition of said land or property, or any of the
rights or interest therein hereinbefore mentioned; the
development, or redevelopment, including, but not
limited to, the comprehensive renovation or
rehabilitation of any land or property, or any rights
or interests therein hereinbefore mentioned, in the
City of Baltimore, and the disposition of land and
property for such purposes; the elimination of
unhealthful, unsanitary or unsafe conditions, lessening
density, eliminating obsolete or other uses detrimental
to the public welfare or otherwise removing or
preventing the spread of blight or deterioration in the
City of Baltimore; the demolition, removal, relocation,
renovation or alteration of land, buildings, streets,
highways, alleys, utilities or services, and other
structures or improvements, and for the construction,
reconstruction, installation, relocation or repair of
buildings, streets, highways, alleys, utilities or
services, and other structures or improvements; the
payment of any and all costs and expenses incurred for
or in connection with doing any or all of the things
herein mentioned, including, but not limited to, the
costs and expenses of securing administrative,
appraisal, economic analysis, engineering, planning,
designing, architectural, surveying, and other
professional services; and doing any and all things
necessary, proper or expedient in connection with or
pertaining to any or all of the matters or things
hereinbefore mentioned; limiting the use of the
proceeds of the sale of the bonds to expenditures for
capital improvement projects having an estimated
service life of not less than fifteen (15) years, and