Legislation Details

Reference No. CR-036-2025    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body Sitting as the Committee of the Whole
Meeting Date 4/29/2025
Introduced Date 3/18/2025 Public Hearing Date
Effective date: 4/29/2025    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE PENN PLACE I 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 Penn Place I Owner, LLC (the “Owner”).
Proposers/Sponsors: County Executive, Sydney J. Harrison, Jolene Ivey, Eric C. Olson, Calvin S. Hawkins, Thomas E. Dernoga, Krystal Oriadha, Wanika Fisher, Ingrid S. Watson, Wala Blegay
Code sections: 10-194 -
Attachments: 1. CR-036-2025 - signed, 2. R2025036, 3. CR-036-2025 Attachment B, 4. CR-036-2025 Summary, 5. CR-036-2025 Report, 6. CR-036-2025 PAFI, 7. CR-036-2025 Transmittal, 8. CR-036-2025 Presentation
Related files: CR-035-2025
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 PENN PLACE I 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 Penn Place I Owner, 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 Penn Place I Owner, LLC (the “Owner”) concerning the Penn Place I project.