Title:
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A Resolution concerning the Fiscal Year 2012 Operating Budget and Capital Improvement Program of the Redevelopment Authority of Prince George's County
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Title
A Resolution concerning the Fiscal Year 2012 Operating Budget and Capital Improvement Program of the Redevelopment Authority of Prince George's County
Background
The Redevelopment Authority is proposing a $33,136,000 six-year capital improvement program, including four revitalization projects throughout the County. This resolution approves the proposed Fiscal Year 2012 capital budget in the amount of $7.0 million for four projects, as follows:
Addison Road/ Capitol Heights Metro Corridor - $1,000,000
County Revitalization - $3,000,000
Gateway Arts District- $1,000,000
Suitland Manor - $2,000,000
The Redevelopment Authority is required to submit its proposed operating budget to the Council for comments. This resolution states the Council's concurrence in the Authority's proposed FY 2012 capital budget of $7,000,000, and operating budget of $400,000.