In consideration of certain lands, buildings, facilities and
equipment of the University of Maryland being situated within the
boundaries of the City of College Park as defined by this Charter;
and in consideration of certain functions and activities of the University
of Maryland and of its personnel being performed within said boundaries
of the City of College Park; and in consideration of the use by the
administrative personnel and students of the University of Maryland
of the roads, streets, highways and facilities of the City of College
Park; and in consideration of their enjoyment of the privileges and
benefits of the government of said City; and since the University
of Maryland is exempt from all taxes levied by the City; therefore,
the Board of Regents of the University of Maryland is hereby authorized
to pay unto the Finance Director of the City of College Park such
sum or sums of money annually as shall be fixed by said Board of Regents
for the use and benefit of the government of said City with which
to defray, in part, its governmental expenses and otherwise to expend
as the Mayor and Council, in its judgment, shall determine for the
benefit of said City.[1]
[1]
Editor's Note: Former Art. XIII, Urban Renewal, which immediately
followed, was repealed 12-12-2023 by Res. No. 23-CR-02.
