Legislation Details

Reference No. CR-042-2023    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/5/2023
Introduced Date 5/9/2023 Public Hearing Date
Effective date: 7/5/2023    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR FLATS AT COLLEGE PARK APARTMENTS for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Flats at College Park RST, LLC (the “Owner”).
Proposers/Sponsors: County Executive, Thomas E. Dernoga, Sydney J. Harrison, Jolene Ivey, Eric C. Olson
Code sections: 10-194 -
Attachments: 1. CR-042-2023 - signed, 2. CR-042-2023 Attachment B, 3. CR-042-2023 Summary, 4. CR-042-2023 Report, 5. CR-042-2023 PAFI Statement, 6. CR-042-2023 OOL Comment, 7. CR-042-2023 Transmittal, 8. Flats at College Park - PILOT Presentation - 6-2023
Contact: Adedamola George, Senior Compliance Manager Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR FLATS AT COLLEGE PARK APARTMENTS for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Flats at College Park RST, LLC (the “Owner”).

 

Background

This Resolution is approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Flats at College Park RST, LLC (the “Owner”) concerning the Flats at College Park project.