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Session Laws, 1987
Volume 769, Page 156   View pdf image
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Ch. 11                                    LAWS OF MARYLAND

(8)  The degree to which the community directly
impacted has demonstrated their commitment to the project; [and]

(9)  The likelihood of recoupment of project-costs
through sale or lease of redeveloped property or increased
assessable base, although this factor does not preclude the use
of write-downs or favorable property tax treatment for the
purpose of stimulating economic and commercial activity; and

(10)  The degree of assurance that the project will be
completed on time and within its budget.

DRAFTER'S NOTE:. This deletes an extraneous conjunction in
Article 41, § 12-505(a).

The extraneous conjunction, "and", was contained in
Ch. 494 of the Acts of 1979.

The extraneous conjunction was noted by the. Michie
Company.

13-105.

The Authority shall have perpetual existence and may:

(1)  Adopt a seal and alter the same at its pleasure;

(2)  Acquire, hold and dispose of real and personal
property for its corporate purposes;

(3)  (i) Develop, establish, construct, erect,
acquire, own, repair, remodel, add to, extend, improve, equip,
operate, and maintain the market within the Greater Baltimore
Region, and pay the cost of the market, including parking and
other ancillary facilities appurtenant thereto, and develop,
establish, construct, erect, acquire, own, repair, remodel, add
to, extend, improve, equip, operate, and maintain the park, and
pay the cost of the park, including parking, improvements of
portions of the waterways thereat, and other ancillary facilities
appurtenant thereto, solely from the proceeds of bonds of the
Authority or otherwise available or to become available under the
provisions of this subtitle, or from such proceeds and any grant
from the United States of America or the State or any agency or
instrumentality of either. The Authority shall not be subject to
the provisions of Article 78A of the Annotated Code of Maryland
(1957 Edition) as amended, the provisions of Title 2, Subtitles 4
and 5, Title 4, Subtitles 7 and 8, §§ 8-127, 8-128, and 8-129,
Part V of Title 8, Subtitle 1, and [Titles 10 and 21] TITLE 10
AND DIVISIONS II AND III of the State Finance and Procurement
Article [or the provisions of Article 21 of the Annotated Code of
Maryland (1981 Replacement Volume) as amended], and shall have
the right to construct the market and the park without obtaining
the consent of any department, division, commission, board,

        - 156 -

 

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Session Laws, 1987
Volume 769, Page 156   View pdf image
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