Prince George's County Council - Reference No. CR-037-2019

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Details

Reference No.

CR-037-2019 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

5/14/2019

Introduced Date

5/14/2019

Public Hearing Date

Effective date:

Title:

A RESOLUTION CONCERNING TAX INCREMENT FINANCING RELATED TO KARINGTON DEVELOPMENT DISTRICT AND KARINGTON SPECIAL TAXING DISTRICT for the purpose of approving a TIF proposal and certifications pursuant to CR-21-2019 in connection with the issuance of special obligation bonds to finance public infrastructure to support the South Lake development.

Proposers/Sponsors:

County Executive, Todd M. Turner, Sydney J. Harrison, Derrick Leon Davis, Dannielle M. Glaros, Calvin S. Hawkins

Attachments:

1. R2019037, 2. CR-037-2019 Proposal & Developers Certificate, 3. CR-037-2019 County Executive Certification, 4. CR-037-2019 MBE Plan, 5. CR-037-2019 Compliance Manager Approval, 6. CR-037-2019 Bond Counsel Certifiction, 7. CR-037-2019 AIS, 8. CR-37-2019 Report, 9. CR-037-2019 Fiscal Impact

Contact:

Bond Counsel and Sean Dixon, Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
5/14/2019	1	County Council	introduced and referred		Action details	Meeting details	Not available
5/14/2019	1	County Council	adopted	Pass	Action details	Meeting details	Video
5/14/2019	1	Sitting as the Committee of the Whole	Favorably recommended	Pass	Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING TAX INCREMENT FINANCING RELATED TO KARINGTON DEVELOPMENT DISTRICT AND KARINGTON SPECIAL TAXING DISTRICT for the purpose of approving a TIF proposal and certifications pursuant to CR-21-2019 in connection with the issuance of special obligation bonds to finance public infrastructure to support the South Lake development.

Background

This resolution seeks the approval of the County Council prior to the issuance of the tax increment financing bonds for the Karington Development District and Special Taxing District in order to conform with the CR 21-2019 requirements.

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