Prince George's County Council - Reference No. CR-104-2014

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Details

Reference No.

CR-104-2014 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

10/28/2014

Introduced Date

10/28/2014

Public Hearing Date

Effective date:

10/28/2014

Title:

A RESOLUTION CONCERNING PILOT AGREEMENT FOR KEYS ENERGY CENTER LLC for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between the Maryland-National Capital Park and Planning Commission (the “Commission”) and Keys Energy Center LLC (the “Company”).

Proposers/Sponsors:

M-NCPPC, Mel Franklin

Attachments:

1. R2014104.pdf, 2. I-CR-104-2014 Attachments.pdf, 3. CR-104-2014 AIS

Contact:

Todd M. Turner (reviewd by)

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
11/12/2014	1	County Executive	signed		Action details	Meeting details	Not available
10/28/2014	1	County Council	adopted	Pass	Action details	Meeting details	Video
10/28/2014	1	County Council	rules suspended	Pass	Action details	Meeting details	Video
10/28/2014	1	County Council	introduced		Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING PILOT AGREEMENT FOR KEYS ENERGY CENTER LLC for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between the Maryland-National Capital Park and Planning Commission (the "Commission") and Keys Energy Center LLC (the "Company").

Background

This resolution will approve the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement between the Maryland-National Capital Park & Planning Commission ("Commission") and Keys Energy Center LLC. This Agreement will facilitate the development, construction and operation of the Keys Energy Center Generating Facility. The facility will be a new, nominally rated 735-megawatt, combined-cycle, natural gas-fired, electric power generating plant and will contribute to a secure and environmentally friendly power supply for the State. It will also benefit County residents by creating temporary and permanent jobs.

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