Reference No. CR-073-2024    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 10/15/2024
Introduced Date 9/10/2024 Public Hearing Date
Effective date: 10/15/2024    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 3 - 9% PROJECT 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 Urban Atlantic Development LLC (the “Owner”).
Proposers/Sponsors: County Executive, Jolene Ivey, Eric C. Olson, Ingrid S. Watson, Wala Blegay, Thomas E. Dernoga
Attachments: 1. R2024073, 2. CR-073-2024 Attachment B, 3. CR-073-2024 Summary, 4. CR-073-2024 Report, 5. CR-073-2024 PAFI, 6. CR-073-2024 Transmittal, 7. CR-073-2024 New Carrollton 3 Legislative Preview Presentaiton
Related files: CR-074-2024
Contact: Adedamola George, Esq., Chief Compliance and Program Manager, Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 3 - 9% PROJECT 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 Urban Atlantic Development LLC (the “Owner”).

 

Background

This legislation is approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Urban Atlantic Development LLC (the “Owner”) concerning the New Carrollton - Affordable - Phase 3 - 9% project.

 

 



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