In this subtitle the following words have the meanings indicated. “Authority” means the Pimlico Community Development Authority. “Park Heights Corridor” means the area designated as an urban renewal district in Baltimore City that is bounded by Northern Parkway on the north, Greenspring Avenue on the east, Druid Park Drive on the south, and the railroad tracks of the Western Maryland Railroad on the west.

There is a Pimlico Community Development Authority.

The Authority consists of the following 15 members: the Baltimore City Planning Director; ten members, five of whom shall be business owners, residents, or service providers of the areas described in § 9–1A–31(a)(3)(ii) of the State Government Article, appointed by the Mayor of Baltimore City, with the advice and consent of the Senate; the State Senators representing legislative districts 40 and 41; and one State Delegate representing legislative district 40 and one State Delegate representing legislative district 41, each appointed by the Speaker of the House. The Mayor of Baltimore City shall appoint the Chair of the Authority, subject to confirmation by the Baltimore City Council. The term of a member appointed by the Mayor is 3 years. The terms of members are staggered as required by the terms provided for members on October 1, 2005. At the end of a term, a member continues to serve until a successor is appointed and qualifies. A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies. At the end of a term, resignation, or removal of a member, the Mayor shall appoint a new member to the Authority. A member may be removed by the Mayor for incompetence, misconduct, or failure to perform the duties of the position.

The Authority shall meet at a regular time and place to be determined by the Authority.

The Authority shall receive 80% of the money from the Special Fund, established under § 11-401 of this title, that is designated for payment to Baltimore City under § 11-404 of this title. Subject to the provisions of paragraph (2) of this subsection, the money received by the Authority shall be used to pay for facilities and services in communities in the Baltimore City limits within 2 miles of the Pimlico Race Course. In making its determinations on the use of the money provided to the Authority under subsection (a) of this section, the Authority shall give considerable weight to the housing, economic, and community development needs of the Park Heights Corridor, based on statistics including poverty and population statistics.