Reference No. CR-092-2019    Draft No.
Type: Resolution Status: Adopted
Meeting Body Sitting as the Committee of the Whole
Meeting Date 11/12/2019
Introduced Date 10/29/2019 Public Hearing Date
Effective date: 11/12/2019    
Title: A RESOLUTION CONCERNING PILOT AGREEMENT FOR THE CARILLON PROJECT for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (“County”) and RPAI Capital Centre II, L.L.C., an affiliate of Retail Properties of America, Inc. (“Developer”) for the Carillon Project.
Proposers/Sponsors: County Executive, Todd M. Turner, Sydney J. Harrison, Derrick Leon Davis, Jolene Ivey, Rodney C. Streeter, Dannielle M. Glaros, Deni L. Taveras, Calvin S. Hawkins, Mel Franklin
Attachments: 1. R2019092, 2. CR-092-2019 AIS, 3. CR-092-2019 Exhibit B, 4. CR 92-2019 - Exhibit C, 5. CR-092-2019 MBE Plan, 6. CR-092-2019 MBE Approval Memo, 7. CR-092-2019 Report, 8. CR-092-2019 Transmittal, 9. CR-092-2019 Fiscal Impact, 10. CR-092-2019 PPT Co. Exec., 11. CR-092-2019 PPT RPAI
Contact: Adewale Dada, Office of the County Executive

Title

A RESOLUTION CONCERNING PILOT AGREEMENT FOR THE CARILLON PROJECT for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (“County”) and RPAI Capital Centre II, L.L.C., an affiliate of Retail Properties of America, Inc. (“Developer”) for the Carillon Project.

 

Background

This Resolution is approving the terms and conditions of Payment in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and RPAI Capital Centre II, L.L.C. (the “Owner and Developer”) concerning The Carillon Project. The project includes 1,493 multi-family units, 183 condominium units, 248,460 square-feet of retail space, 719,000 square-feet of office space, 300 hotel rooms and 5,404 parking spaces.



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