Maryland § 12-710 - IN EFFECT

§ 12-710. IN EFFECT

    IN EFFECT

    // EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //

    The Authority may:

        (1)    adopt bylaws for the conduct of its business;

        (2)    adopt a seal;

        (3)    sue or be sued;

        (4)    maintain an office at a place it designates in Baltimore City;

        (5)    make or accept and manage loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, a charitable institution, a nonprofit organization, a for–profit organization, or a private source;

        (6)    make grants to individuals;

        (7)    acquire properties in Baltimore City, directly or indirectly, from a person or political subdivision, to improve, manage, market, maintain, or lease, from a person or political subdivision for residential, commercial, or industrial development or redevelopment, including comprehensive renovation or rehabilitation of the land or property on terms the Authority considers reasonable to operate a project in Baltimore City, by:

            (i)    purchase;

            (ii)    gift;

            (iii)    interest;

            (iv)    condemnation;

            (v)    eminent domain, except for owner–occupied residential properties;

            (vi)    tax sale;

            (vii)    foreclosure;

            (viii)    receivership;

            (ix)    in rem foreclosure proceedings;

            (x)    easement, or any other interest in land;

            (xi)    lease; and

            (xii)    rent;

        (8)    acquire, purchase, hold, lease as lessee, and use:

            (i)    a franchise, patent, or license;

            (ii)    any real, personal, mixed, tangible, or intangible property; or

            (iii)    an interest in the property listed in this item;

        (9)    finance all or part of the acquisition or improvement of a project;

        (10)    sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that the Authority acquires;

        (11)    fix and collect rates, rentals, fees, royalties, and charges for services and resources the Authority provides or makes available;

        (12)    enter into contracts with any federal, State, or local government agency, a governmental unit, a college or university, charitable institutions, or a private entity or party;

        (13)    exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;

        (14)    with the owner’s permission, enter lands or premises to make a survey, a sounding, a boring, or an examination to accomplish the purpose authorized by this subtitle;

        (15)    create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity;

        (16)    create a special district benefit for the commercial businesses in the target area;

        (17)    open a bank account with a national or local federally insured financial institution;

        (18)    set salaries in accordance with the jurisdiction market rate and outside the State Personnel and Pension System;

        (19)    create a forum for stakeholders to come together on creating a 20–year comprehensive plan around economic, housing, transportation, neighborhood, and green space development within the target zone;

        (20)    serve as a clearinghouse and resource center for promoting coordination and communication on development opportunities for the West North Avenue Corridor;

        (21)    ensure money is being spent effectively and efficiently on development and that development is happening in the appropriate way for the West North Avenue Corridor;

        (22)    provide advisory services to State and Baltimore City agencies on planning and development for the target area;

        (23)    initiate, fund, and monitor for efficiency and effectiveness economic, housing, transportation, neighborhood, and green space development within the target area;

        (24)    make rules and regulations for the operation and use of land, property, and undertakings under the Authority’s jurisdiction; and

        (25)    do all things necessary or convenient to carry out the powers expressly granted by this subtitle.