Prince George's County Council - Reference No. CR-020-2024

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Details

Reference No.

CR-020-2024 Draft No.

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

4/30/2024

Introduced Date

3/26/2024

Public Hearing Date

Effective date:

4/30/2024

Title:

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE CASSIDY 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 KCG SSP Capitol Heights, LP (the “Owner”).

Proposers/Sponsors:

County Executive, Jolene Ivey, Sydney J. Harrison, Wanika Fisher, Calvin S. Hawkins, Ingrid S. Watson, Thomas E. Dernoga

Attachments:

1. CR-020-2024 - signed, 2. R2024020, 3. CR-020-2024 Attachment B, 4. CR-020-2024 Summary, 5. CR-020-2024 Report, 6. CR-020-2024 PAFI, 7. CR-020-2024 Transmittal, 8. Cassidy Project Overview Presentation 04-23-2024 C.O.W.

Related files:

CR-018-2024, CR-019-2024

Contact:

Adedamola George, Esq., Chief Compliance and Program Manager, Department of Housing and Community Development

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
4/30/2024	2	County Council	new draft substituted	Pass	Action details	Meeting details	Video
4/30/2024	2	County Council	adopted	Pass	Action details	Meeting details	Video
4/23/2024	1	Sitting as the Committee of the Whole	Favorably recommended with amendments	Pass	Action details	Meeting details	Video
3/26/2024	1	County Council	introduced and referred		Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE CASSIDY 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 KCG SSP Capitol Heights, LP (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 KCG SSP Capitol Heights, LP (the “Owner”) concerning The Cassidy project.

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