In this section the following words have the meanings indicated. “Data center” means a building or group of buildings: Used to house computer systems, computer storage equipment, and associated infrastructure that businesses or other organizations use to organize, process, store, and disseminate large amounts of data; That has or is projected to have an aggregate demand of at least 5 megawatts; and That has or is projected to have a load factor of more than 80%. “Development district” means an area or areas within the City of Baltimore designated by an ordinance of the Mayor and City Council of Baltimore. “Tax increment” means for any tax year the amount by which the assessable base as of January 1 preceding that tax year exceeds the original taxable value, divided by the assessment ratio used to determine the original taxable value. This section applies only in Baltimore City. Except as provided in paragraph (2) of this subsection, a person may not construct a data center in a development district that is subject to tax increment repayment on outstanding bonds. The prohibition in paragraph (1) of this subsection does not apply to the construction of a data center in the City–Wide Affordable Housing Development District established under Baltimore City Ordinance No. 24–443, enacted December 4, 2024.