On or before December 1 of each year, the Department of Finance shall submit to the Mayor and City Council, and in accordance with § 6-302(c)(2) of the State Tax – Property Article, the Maryland Department of Housing and Community Development, and the Maryland General Assembly, a report that includes the following: the special rate set under State Tax – Property Article § 6-302(c)(1); the number of properties to which the special tax rate applies; the revenue change resulting from the special rate; the use of the revenue from the special rate; whether properties subject to the special rate are viable for adaptive reuse, as defined in § 1-102 of the State Housing and Community Development Article; and any existing plans to convert properties viable for adaptive reuse.