In general. In this article the following terms
have the meanings indicated.
AUTHORITY
The Kent Narrows Commercial Management and Waterfront Improvement
Authority.
BOND
Collectively all bonds and other debt instruments issued
by the County to finance public improvements and amenities in the
District, including any such indebtedness incurred prior to July 17,
1993.
DISTRICT
The geographic area described by the District boundaries established under §
5-13 of this article, in which the Authority shall operate and perform its responsibilities.
EXEMPT PROPERTY
A.
Property within the District that is not subject
to the assessment of the supplemental property tax.
B.
Includes:
(1)
Property owned by federal, state, County, or
local governments or their agencies; and
(2)
Property used solely for residential purposes.
PUBLIC IMPROVEMENTS
A.
Pedestrian and bicycle pathway systems, landscaping,
signs, lighting, and any other improvement needed to enhance pedestrian
access and safety throughout the District.
B.
Also includes operations and maintenance of
pedestrian access systems.
[Amended by Ord. No. 95-12]
A. Imposition.
(1) The County Commissioners shall establish the rate
of the supplemental property tax for the following taxable year prior
to July 1 of each year.
(2) The rate shall be based on the County Commissioners'
good faith estimate of the cost of providing public improvements for
the upcoming fiscal year, including the cost of repayment of any bond.
B. Limitations. The supplemental property tax:
(1) May only be used for purposes authorized under §
5-14 of this article; and
(2) May not revert to the general fund of the County.