Reference No. CR-042-2021    Draft No.
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 5/18/2021
Introduced Date 4/27/2021 Public Hearing Date 5/18/2021 @ 10:00 AM
Effective date: 5/18/2021    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT for the Urban Atlantic Development Multifamily-Phase 2 for the purpose of approving the terms and conditions of a Payment in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Multi-Family II, LLC (the “Developer”).
Proposers/Sponsors: County Executive, Calvin S. Hawkins, Derrick Leon Davis, Dannielle M. Glaros, Mel Franklin, Sydney J. Harrison, Todd M. Turner
Code sections: 10-194 -
Attachments: 1. R2021042, 2. CR-042-2021 Attachment B, 3. CR-042-2021 Attachment C, 4. CR-042-2021 MBE Plan, 5. CR-042-2021 AIS, 6. CR-042-2021 Report, 7. CR-042-2021 Transmittal, 8. Compliance Manager Memo, 9. Urban Atlantic Council Presentation, 10. CR-042-2021 Fiscal and Policy Note
Contact: Angie Rodgers, Deputy Chief Administrative Officer

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT for the Urban Atlantic Development Multifamily-Phase 2 for the purpose of approving the terms and conditions of a Payment in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Multi-Family II, LLC (the “Developer”).

 

Background

This Resolution seeks the County Council’s approval for a Payment in Lieu of Taxes (“PILOT”) agreement between Prince George’s County, Maryland and New Carrollton Multi-Family II, LLC (the “Developer”) for the Urban Atlantic Development Multifamily-Phase 2.

 

The project will result approximately 282,000 square feet multi-family residential building containing approximately 286 dwelling units and approximately 3,900 square feet of work/live units, commercial office space, retail space, or a combination thereof, located near New Carrollton Metro Station.

 

Note: On 4/27/2021 at the time of Introduction/Referral; an incorrect notation was made on the agenda stating "This Resolution Requires a Public Hearing".  Because it was read into the record, a public hearing was scheduled, however, there is no statutory requirement for public hearing on this type of Resolution.

 



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