A.  Creation.  There is hereby created in the city of Baton Rouge, parish of East Baton Rouge, hereinafter referred to as the “city-parish”, the Old LNB Building Redevelopment District, a special taxing district, body politic and corporate of the state, referred to in this Section as the “district”.  The district shall be a political subdivision of the state and the district is hereby granted all of the rights, powers, privileges and immunities accorded by law and the Constitution of Louisiana to political subdivisions of the state, subject to the limitations provided in this Section.

B.  Boundaries. The district shall be comprised of the following described parcels or tracts of land located in the city-parish, referred to in this Section as the “property”:

PARCEL 1:

A certain rectangular lot or parcel of ground, together with all buildings and improvements thereon, situated in that part of the City of Baton Rouge known as Gilbert Leonard Town, and designated on the plat thereof as Lot Number One (1) of Square Number Three (3), or One Hundred Thirteen (113), according to the official map of the City of Baton Rouge, said square being bounded on the North by Convention Street, on the East by Fourth Street (formerly Church Street), on the South by North Boulevard, and on the West by Third Street, said lot forming the northwest corner of said square and measuring Sixty-four (64) feet front on the East Side of Third Street by a depth of One Hundred Twenty-eight (128) feet along the South side of Convention Street;

PARCEL 2:

A certain fractional lot or parcel of ground, together with all buildings and improvements thereon, and all the rights, ways, privileges, servitudes and appurtenances thereunto belonging or in anywise appertaining, situated in that subdivision of the Gilbert Leonard Town, East Baton Rouge Parish, Louisiana, and being the northern portion of Lot No. 2 of Square No. 3 of said subdivision, or Square No. 113 according to the official map of the said City of Baton Rouge (said square being bounded by Third, Convention and Fourth (formerly Church) Streets and North Boulevard), said fractional lot being shown on a plan of survey made by A.G. Mundinger, C.E, and Surveyor, dated April 24th, 1936, a blueprint of which plan is attached to an act of sale passed before B.E. Durrett, Notary Public, on June 30, 1936, recorded in Special Mortgage Book 21, Folio 357, of said Parish. The fractional lot or parcel of ground measures 42 feet 9 inches front on the east side of Third Street by a depth between parallel lines of 128 feet; being the same property described as follows:

A parcel of land being comprised of Lot 1 and portion of Lot 2, Square Three (3) or One Hundred Thirteen (113), Gilbert Leonard Town, of the official map of the City of Baton Rouge, said parcel of land being shown on a plan of survey made by A.G. Mundinger, C.E., and Surveyor, dated April 24th, 1936, a blueprint of which plan is attached to an act of sale passed before B.E. Durrett, Notary Public on June 30, 1936, recorded in Special Mortgage Book 21, folio 357, said map also recorded in Original 40, Bundle 1005 of the Office of Clerk and Recorder, East Baton Rouge Parish, Louisiana, containing 0.314 acres, lying within Section 48, Township 7 South, Range 1 West, Greensburg Land District of said parish, being more particularly described as follows:

Begin at the northwest corner of Lot 1, Square Three (3) or One Hundred Thirteen (113) Gilbert Leonard Town, said point being the intersection of the southerly right of way line of Convention Street (69.33′ R/W) and the easterly right of way line of Third Street (53.33′ R/W), the Point of Beginning; thence go North 87 degrees 59 minutes 28 seconds East along the southerly right of way line of Convention Street a distance of 128.00 feet to the northeast corner of the aforesaid Lot 1; thence, departing the aforesaid southerly right of way line, go South 02 degrees 09 minutes 52 seconds East along the easterly line of the aforesaid Lot 1, and an extension thereof, a distance of 106.75 feet to the southeast corner of said parcel; thence go South 87 degrees 59 minutes 28 seconds West along the southerly line, a distance of 128.00 feet to the southwest corner of the aforesaid parcel, said corner being coincident with the aforementioned easterly right of way line of Third Street (53.33′ R/W); thence go North 02 degrees 09 minutes 52 seconds West along the aforesaid easterly right of way line a distance of 106.75 feet to the Point of Beginning; the above described parcel of land lies within Square Three (3) or Square One Hundred Thirteen (113), Gilbert Leonard Town, of the official map of the City of Baton Rouge, Section 48, Township 7 South, Range 1 West, Greensburg Land District, City of Baton Rouge, East Baton Rouge Parish, Louisiana, and contains 0.314 acres more or less; all as more fully shown on that survey prepared by Sam M. Holladay, III, PLS, dated February 20, 2014, entitled “ALTA/ACSM Land Title Survey of a Parcel of Land Inclusive of Lot 1, Square No. 3, or 113 and a portion of Lot 2, Square No. 3, or 113, according to the Official Map of the City of Baton Rouge, lying in Section 48, Township 7 South, Range 1 West, Greensburg Land District, City of Baton Rouge, East Baton Rouge Parish, Louisiana for Commercial Properties Realty Trust.”

C.  Purpose.  The state hereby acknowledges that the redevelopment of the property within the district is an important element of the continued revitalization and economic development of the city-parish.  The district is created to provide for cooperative economic development among the district, the city-parish, the state and the owners of property in the district, in order to assist in the redevelopment of, and dramatic improvement to, the property within the boundaries of the district.

D.  Governance.  (1)  In order to provide for the orderly development of the district and effectuation of the purposes of the district, the district shall be administered and governed by a board of commissioners, referred to in this Section as the “board”, comprised of three persons as follows:

(a)  The mayor-president of the city-parish or his designee.

(b)  The mayor-president pro-tempore of the city-parish.

(c)  The council member for Metropolitan Council District No. 10 of the city-parish.

(2)  All the members of the board shall constitute a quorum for the transaction of business.  The board shall keep minutes of all meetings and shall make them available for inspection through the board’s secretary-treasurer.  The minute books and archives of the district shall be maintained by the board’s secretary-treasurer.  The monies, funds, and accounts of the district shall be in the official custody of the board.

(3)  The board shall adopt bylaws and prescribe rules to govern its meetings.  The members of the board shall serve without salary or per diem and shall be entitled to reimbursement for reasonable, actual, and necessary expenses incurred in the performance of their duties.

(4)  The domicile of the board shall be established by the board at a location within the district.

(5)  The board shall elect from its own members a president, vice president, and a secretary-treasurer, whose duties shall be common to such offices or as may be provided by bylaws adopted by the district.  The board shall hold regular meetings and may hold special meetings as provided in the bylaws.  The failure of the board to hold any regular meeting shall not impair any existing obligations of the district.  All such meetings shall be public meetings subject to the provisions of La. Rev. Stat. 42:11, et seq.

(6)  The district shall be subject to the Public Records Law, official journals law, Code of Governmental Ethics, and audit law pursuant to La. Rev. Stat. 24:513.

E.  Rights and powers. The district, acting by and through its board, shall be a special taxing district and shall have and exercise all powers of a political subdivision and special taxing district necessary or convenient for the carrying out of its objects and purposes including but not limited to the following:

(1)  To sue and to be sued.

(2)  To adopt bylaws and rules and regulations.

(3)  To receive by gift, grant, donation, or otherwise any sum of money, property, aid, or assistance from the United States, the state of Louisiana, or any political subdivision thereof, or any person, firm, or corporation.

(4)  For the public purposes of the district, to enter into one or more contracts, agreements, or cooperative endeavors with the state and its political subdivisions or political corporations, the city-parish, the owners of property in the district, and with any public or private association, corporation, business entity, or person, including but not limited to a cooperative endeavor agreement, a pledge and collateral assignment agreements, and tax collection agreement.

(5)  To appoint officers, agents, and employees, prescribe their duties, and fix their compensation.

(6)  To acquire by gift, grant, purchase, or lease such property within the district as may be necessary or desirable to carry out the objectives and purposes of the district and to mortgage and sell such property.

(7)  In its own name and on its own behalf to incur debt and to issue bonds, notes, certificates, and other evidences of indebtedness, and in the event the district elects to issue bonds pursuant to the authority under this Section, then the district shall be deemed and considered to be an issuer for purposes of La. Rev. Stat. 33:9037, and shall, to the extent not in conflict with this Section, be subject to the provisions of La. Rev. Stat. 33:9037.

(8)  To establish such funds or accounts as are necessary to conduct the affairs of the district.

(9)  To levy and collect the taxes authorized pursuant to this Section.

(10)  To pledge the district tax collections and other funds and property as security for the financing or refinancing of any costs incurred or to be incurred in connection with any project or projects, or parts thereof, within the boundaries of the district.

(11)  To enter into one or more agreements to provide for the collection of the taxes levied within the district and remittance of the taxes to the appropriate recipients.

(12)  To exercise any and all of the powers granted to an economic development district as if the district were an economic development district established pursuant to Part II of Chapter 27 of Title 33 of the Louisiana Revised Statutes of 1950, including but not limited to the powers of tax increment financing pursuant to La. Rev. Stat. 33:9038.33 and 33:9038.34 and the power to levy taxes within the district pursuant to La. Rev. Stat. 33:9038.39, provided that any such powers exercised by the district shall be subject to the provisions of Part II of Chapter 27 of Title 33 of the Louisiana Revised Statutes of 1950 unless such provisions are inconsistent with the provisions of this Section, in which case the provisions of this Section shall control.

(13)  To levy sales taxes, or hotel occupancy taxes within the district or any combination of such taxes, above and in addition to any other sales taxes, or hotel occupancy taxes, or combination of such taxes, then in existence or permitted to be in existence within the district, in an amount as may be determined by the board with the approved written consent of the owners of immovable property in the district, all in addition to the powers authorized pursuant to Paragraph (12) of this Subsection and pursuant to La. Rev. Stat. 33:9038.39, subject to the limitations and prohibitions of thethe Louisiana Constitution.

F.  Levy of Taxes.  (1)  In order to provide funds for the purposes of the district, the district, acting by and through its board, is hereby authorized to levy and collect within the district:

(a)  A tax upon the occupancy of hotel rooms, motel rooms, and overnight camping facilities.

(b)  A tax on the sale at retail, the lease or rental, the consumption and storage for use or consumption of tangible personal property and on sales of services, all as defined in La. Rev. Stat. 47:301 et seq., or any other appropriate provision or provisions of law, as amended.

(2)  The aggregate tax rate upon the occupancy of hotel rooms, motel rooms, and overnight camping facilities within the district authorized pursuant to Subparagraph (1)(a) of this Subsection shall be at least equal to the aggregate rate of all taxes upon the occupancy of hotel rooms, motel rooms, and overnight camping facilities levied and collected within the city-parish.

(3)  The aggregate sales tax rate within the district authorized pursuant to Subparagraph (1)(b) of this Subsection shall be at least equal to the aggregate rate of all such sales taxes levied and collected within the city-parish.

(4)(a)  The word “hotel” as used in this Section shall mean and include any establishment, both public and private, engaged in the business of furnishing or providing rooms and overnight camping facilities intended or designed for dwelling, lodging, or sleeping purposes to transient guests where such establishment consists of two or more guest rooms.

(b)  The occupancy tax shall be paid by the person who exercises or is entitled to occupancy of the hotel room, and shall be paid at the time the rent or fee of occupancy is paid.

(c)  The food and beverage tax shall be paid by the person who pays for the food and beverages at the point of sale.

(d)  The word “person” as used in this Section shall have the same meaning as contained in La. Rev. Stat. 47:301(8).

(5)  The taxes authorized in this Section shall be imposed by ordinance adopted by the district, acting by and through its board, without the need of an election.

(6)  It is hereby recognized that there are currently no hotel occupancy or sales taxes generated at the property within the district.  Accordingly, if the district elects to levy and collect any of the taxes authorized in this Section, such levy shall be deemed to supersede and be in lieu of only such other taxes on hotel occupancy and sales that, without the authority of this Section, would otherwise be levied within the district, do not secure bonds that have been authorized, that have not been dedicated by other law or by proposition approved by electors voting in an election for such purpose, and that are not based on a per head or per person basis.  Additionally, if, during the term of the district, such other taxes on hotel occupancy or sales within the district that are currently not available for use for tax increment financing purposes should subsequently cease to be authorized to secure bonds, cease to secure bonds that have been authorized, or cease to be dedicated by other law or by proposition approved by electors voting in an election for such purpose, and thus, become available for the use of the financing purposes pursuant to this Section, then such levy shall at such time be deemed to supersede and be in lieu of such other taxes on hotel occupancy or sales within the district and shall be available for use for the purposes of the district; however, if the district elects to levy and collect any of the taxes authorized in this Section, such levy shall not be deemed to supersede or be in lieu of the occupancy tax authorized by La. Rev. Stat. 33:4574.1.1(A)(6) relating to Visit Baton Rouge regardless of whether such occupancy tax is pledged or dedicated to secure debt or bonds that have been authorized and the proceeds of the avails of the occupancy taxes authorized in La. Rev. Stat. 33:4574.1.1(A)(6) shall be dispersed and used for the purposes set forth therein and as further provided in La. Rev. Stat. 33:4574.1.1(L).

G.  Tax Financing.  (1)(a)  The district may issue revenue bonds, in one or more series, payable from an irrevocable pledge and dedication of up to the full amount of the district’s hotel occupancy and sales tax increments and other district revenues, leases, gifts, proceeds, rents, or other advantages as authorized by this Section, in an amount to be determined by the district, to secure any financing or multiple refinancings of any costs incurred or to be incurred in connection with any project or projects, or parts thereof, within the boundaries of the district.  Additionally, without the necessity of issuing revenue bonds, the district may pledge up to the full amount of the district’s hotel occupancy and sales tax increments and other district revenues, leases, gifts, proceeds, rents, or other advantages received or collected under the authority of this Section to any financing or multiple refinancings of any costs incurred or to be incurred in connection with any project or projects, or parts thereof, within the boundaries of the district in furtherance of the purposes of the district.  Such financing may include but shall not be limited to any loan or loans, mortgages, the issuance of bonds, or the issuance of certificates of indebtedness.  For each of the designated non-voter elected, pledged or dedicated hotel occupancy taxes and sales taxes collected within the district, a tax increment shall consist of that portion of the aggregate of such tax revenues collected by the district each year which exceeds the amount of such taxes that were collected in the year immediately prior to the year in which the district was established.

(b)  The pledge or dedication of tax increments authorized by this Section to pay indebtedness shall not impair existing obligations of the district and shall not include tax revenues previously dedicated by the district for a special purpose.

(2)  Any instruments or obligations of the district may be validly executed, issued, sold, and delivered, notwithstanding that one or more of the officers of the board signing such instruments or obligations, or whose facsimile signature or signatures may be on the instruments or obligations, shall have ceased to be such officer of the board at the time such instruments or obligations shall actually have been delivered.

(3)  Any cost, obligation, or expense incurred for any of the purposes or powers of the district specified in this Section shall be a part of the project costs and may be paid or reimbursed as such out of the proceeds of bonds, tax increments, property or other obligations of, pledged or issued by the district.

(4)  The authority granted to the district pursuant to the provisions of this Section is consistent with and subject to the limitations provided in La. Rev. Stat. 33:9038.42.

H.  Term.  The district shall dissolve and cease to exist one year after the date on which all loans, bonds, notes, and other evidences of indebtedness secured, in whole or in part, by district taxes or property are paid in full as to both principal and interest; however, under no event shall the district have an existence of more than thirty years from the date on which the taxes authorized pursuant to this Section are first levied and collected.

I.  Contesting ordinance or resolution; time limit.  Any ordinance or resolution adopted by the board including but not limited to an ordinance adopted pursuant to Paragraph (F)(5) of this Section, or the pledge of tax increments collected under the authority of this Section to any financing authorized by this Section shall be published at least twice in the official journal of East Baton Rouge Parish.  For thirty days after the date of publication, any person in interest may contest the legality of the ordinance or resolution and of any provision therein made for the security and payment of the debt obligation or the levy and collection of taxes.  After that time, no one may file for any cause of action to test the regularity, formality, legality, or effectiveness of the ordinance or resolution, and provisions thereof for any cause whatever, except for fraud.  Thereafter, it shall be conclusively presumed that every legal requirement for the levy and collection of taxes, the issuance of bonds or other debt obligations, or the pledge of tax increment collected, including all things pertaining to the authorizing thereof, has been complied with.  No court shall have authority to inquire into any of these matters after the thirty-day period after publication unless a claim pursuant to this Section has been filed.

J.  Liberal construction.  This Section, being necessary for the welfare of the city-parish and its residents, shall be liberally construed to effect the purposes thereof.

K.  Severability.  The provisions of this Section are severable.  It is intended that if any provision of this Section should be adjudged invalid or unenforceable, then such provision shall be ineffective to the extent of such invalidity or unenforceability without invalidating the remaining provisions of this Section.  Notwithstanding any provision of this Section to the contrary, if any portion of a tax levied or tax increment pledged or dedicated pursuant to this Section is held invalid, such invalidity shall not affect the validity of the remaining portion of such tax or tax increment.

Acts 2014, No. 775, §1, eff. June 19, 2014.