§ 27-1 Definitions.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 5, § 27-1 (2026)
§ 27-1 Definitions.LinkCopy Citation
(a)In general.
In this subtitle, the following terms have the meanings indicated.
(b)Beneficiary.
“Beneficiary” means any person who:
(1)
has a contract with the City for more than $300,000; or
(2)
will benefit from more than $5,000,000 in assistance for a City-subsidized project.
(c)City-subsidized project.
“City-subsidized project” means any project for which the City or any of its agents or contractors provides funds, resources, or financial assistance, including:
(1)
the sale or transfer of land substantially below its appraised value;
(2)
payment in lieu of taxes;
(3)
tax increment financing;
(4)
grants or loans that equal or exceed 15% of total projected project costs; or
(5)
installation or repair of physical infrastructure directly related to the project and with value equal to or exceeding 5% of total projected project costs.
(d)MOED.
“MOED” means the Mayor’s Office of Employment Development.
History: Ord. 13-142
History: Ord. 22-125