Reference No. CR-063-2004    Draft No. 1
Type: Resolution Status: Failed
Meeting Body County Council
Meeting Date 10/5/2004
Introduced Date 10/5/2004 Public Hearing Date
Effective date:    
Title: A Resolution creating the Northgate College Park Development District and providing for and determining certain matters in connection with the issuance and payment of special obligation bonds
Proposers/Sponsors: Thomas R. Hendershot
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2004063, 2. R2004063.pdf
Contact: Jennifer L. Everly Esquire Knight, Manzi, Nussbaum & LaPlaca, P.A.
Title A Resolution creating the Northgate College Park Development District and providing for and determining certain matters in connection with the issuance and payment of special obligation bonds Background The proposed resolution creates the tax increment financing (TIF) district within which the County will issue special obligation bonds backed by the additional property tax revenue from the Northgate condominium office and residential project in the City of College Park. The bonds proposed to be sold ($14 million) will be used to construct the parking facility required by the condominium project.



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