HARRY HUGHES, Governor

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Article 78D - Regional Planning Council

16.

The Regional Planning Council has these additional functions
and powers:

(5) [Subject to Article 40, § 51 of the Code, to] TO
prepare, publish, and distribute an annual report and such other
reports and plans as relate to the activities of the Council as
authorized by this article to the Governor [and General Assembly
of Maryland and], to each member of the Council, AND, SUBJECT TO
§ 2-1312 OF THE STATE GOVERNMENT ARTICLE, TO THE GENERAL
ASSEMBLY.

Article 81 - Revenue and Taxes

9.

(o) Real property located in urban renewal areas acquired
and disposed of by the Mayor and City Council of Baltimore
pursuant to Article II (15) of the Baltimore City charter (1964
revision) owned by any person, firm or corporation engaged in the
construction and operation of housing structures or projects
substantially constructed or rehabilitated after July 1, 1973,
where such structures and facilities are governmentally
controlled as to rents, charges, rate of return and/or methods of
operation so as to operate on a nonprofit or limited distribution
basis may be subject to exemption from Baltimore City taxes upon
the entry of the board of estimates of Baltimore City and the
eligible person, firm or corporation into an agreement for the
payment of a negotiated sum or sums in lieu of all Baltimore City
taxes upon such property. Any structure or project as aforesaid
may contain nondwelling commercial and community facilities
(including but not limited to dining halls, community rooms,
infirmaries and other service facilities to serve its occupants
and the surrounding neighborhood) without affecting the power of
the board of estimates of Baltimore City to approve the exemption
above mentioned, provided the structure or project remains
predominantly residential.

The properties to which this subsection [(o)] applies are
those in approved urban renewal projects, except that this
subsection does not apply to properties in the Madison Park
North, Madison Park South, and Mount Vernon projects.

The effect and operation of agreements entered into under
this subsection during the prior year shall be reported annually,
subject to § 2-1312 OF THE STATE GOVERNMENT Article [40, § 51 of
the Code], to the General Assembly [of Maryland], by February 1
of the next year.

219.