§ 13-7. Agreement required.

(a) "Economic participation" defined.

In this section, "economic participation" means a lease, loan, financing, underwriting, guarantee, or other financial benefit described in § 13-6(b) of this subtitle.

(b) When City to require.

If the City determines that it has a proprietary interest in a hotel development project, then it shall require, as a condition of the City's economic participation, that each employer on the project enter into 1 or more labor peace agreements with 1 or more labor organizations that represent, or seek to represent, workers on the project.

(c) Default, etc., provisions.

Any contract between the City and the beneficiary of the City's economic participation in a project may include provisions governing default, damages, or recision that the City considers appropriate to assure that the requirements of this section are fully satisfied.