Reference No. CR-043-2022    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 6/21/2022
Introduced Date 5/17/2022 Public Hearing Date
Effective date: 6/21/2022    
Title: A RESOLUTION CONCERNING PILOT AGREEMENT FOR THE CARILLON PROJECT for the purpose of rescinding the prior Council Resolution CR-092-2019 and for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement between Prince George’s County, Maryland (County) and RPAI Capital Centre II, L.L.C., an affiliate of Kite Realty Group Trust, successor to Retail Properties of America, Inc. (Developer) for the different phases of the Carillon Project.
Proposers/Sponsors: County Executive, Calvin S. Hawkins, Rodney C. Streeter, Todd M. Turner, Johnathan M. Medlock, Dannielle M. Glaros, Mel Franklin, Sydney J. Harrison
Code sections: 10-194 -
Attachments: 1. R2022043, 2. CR-043-2022 Attachment A, 3. CR-043-2022 Attachment B, 4. CR-043-2022 AIS, 5. CR-043-2022 AIS, 6. CR-043-2022 Report, 7. CR-043-2022 PAFI, 8. CR-043-2022 Transmittal, 9. CR-043-2022 OOL Comments, 10. CR-043-2022 MBE Approval Memo (Revised), 11. CR-043-2022 Fiscal Impact, 12. CR-043-2022 The Carillon _Presentation Council
Contact: Jose C. Sousa, Asst. DCAO, Economic Development

Title

A RESOLUTION CONCERNING PILOT AGREEMENT FOR THE CARILLON PROJECT for the purpose of rescinding the prior Council Resolution CR-092-2019 and for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement between Prince George’s County, Maryland (County) and RPAI Capital Centre II, L.L.C., an affiliate of Kite Realty Group Trust, successor to Retail Properties of America, Inc. (Developer) for the different phases of the Carillon Project.

 

Background

This project fulfills commitment by Prince George’s County to this key economic development project in Downtown Largo.



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