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)
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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