Prince George's County Council - Reference No. CR-087-2014

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Details

Reference No.

CR-087-2014 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

11/12/2014

Introduced Date

9/16/2014

Public Hearing Date

Effective date:

Title:

A RESOLUTION CONCERNING PILOT AGREEMENT for The Carrollton Station Project for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between Prince George’s County, Maryland (the “County”) and BE NC Station Holdings, LLC (the “Developer”) for the Carrollton Station Project.

Proposers/Sponsors:

County Executive, Mel Franklin, Eric C. Olson, Karen R. Toles, Ingrid M. Turner, Derrick Leon Davis

Attachments:

1. R2014087.pdf, 2. INCLUSION FILE I-CR-87-2014 Attachment B, 3. CR-87-2014 Report, 4. CR-087-2014 AIS

Contact:

Thomas Himler, Office of the County Executive

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
11/12/2014	1	County Council	adopted	Pass	Action details	Meeting details	Video
10/30/2014	1	Public Safety and Fiscal Management Committee	Favorably recommended	Pass	Action details	Meeting details	Not available
9/16/2014	1	County Council	introduced and referred		Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING PILOT AGREEMENT for The Carrollton Station Project for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between Prince George's County, Maryland (the "County") and BE NC Station Holdings, LLC (the "Developer") for the Carrollton Station Project.

Background

This Resolution will approve the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement between Prince George's County, Maryland and BE NC Station Holdings, LLC for the Carrollton Station Project.

BE NC Station Holdings, LLC proposes to develop a $165 million mixed use project consisting of a 113,000 square foot office building for the Maryland Department of Housing and Community Development, retail space totaling 61,000 square feet, and approximately 556 multi-family units. The development is projected to add 450 full-time permanent jobs upon its completion, including 60 jobs expected to be held by County residents.

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