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Ch. 526 2005 LAWS OF MARYLAND
The Public Local Laws of St, Mary's County
Section 27-11
Article 19 - Public Local Laws of Maryland
(2002 Edition, as amended)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of St. Mary's
County; and the term "Installment Purchase Agreement" means an agreement
pursuant to which the County will acquire transfer development rights in one or more
tracts or parcels of agricultural or forestry land located in St. Mary's County,
Maryland from the owners thereof, will pay the purchase price for that land either in
installments or at the maturity of the Installment Purchase Agreement and will pay
interest on the unpaid balance of that purchase price.
SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized and empowered to enter into Installment Purchase Agreements for an
aggregate purchase price of not more than $20,000,000, plus interest thereon, to
acquire transfer development rights in tracts or parcels of agricultural and forestry
land located in St. Mary's County, Maryland as part of the County's Agricultural Land
Preservation Program. The County's obligation to make payments of the purchase
price under each Installment Purchase Agreement and to pay interest on the unpaid
balance of the purchase price under each Installment Purchase Agreement shall be a
general obligation of the County and shall be made upon its full faith and credit, and
shall be evidenced by the Installment Purchase Agreement.
SECTION 3. AND BE IT FURTHER ENACTED, That the County shall select
the tracts or parcels of agricultural or forestry land for which transfer development
rights are to be acquired and shall negotiate the purchase price for such transfer
development rights and all other terms and conditions of the Installment Purchase
Agreement with the owner or owners of such property, all in accordance with the
County's Agricultural Land Preservation Program as in effect from time to time. In
selecting the tracts or parcels of agricultural or forestry land for purposes of acquiring
transfer development rights, the County shall to the extent possible select
agricultural or forestry land equitably among the County election districts that are
set by the County Commissioners.
SECTION 4. AND BE IT FURTHER ENACTED, That each Installment
Purchase Agreement shall be entered into in accordance with a resolution of the
County, which shall provide for the acquisition of the transfer development rights in
one or more specified particular tracts or parcels of agricultural or forestry land
located in St. Mary's County, Maryland which is to be the subject of the Installment
Purchase Agreement. In acquiring the transfer development rights in tracts or parcels
of agricultural or forestry land located in the County, the County shall to the extent
possible acquire agricultural or forestry land equitably among the County election
districts that are set by the County Commissioners. The County shall have and is
hereby granted full and complete authority and discretion in the resolution to specify
the tracts or parcels of agricultural or forestry land the transfer development rights of
which are to be acquired and to provide and approve the form, tenor and content of
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