Legislation Details

Reference No. CR-030-2025    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body Sitting as the Committee of the Whole
Meeting Date 4/29/2025
Introduced Date 3/18/2025 Public Hearing Date
Effective date: 4/29/2025    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 2 PROJECT for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Affordable Multifamily II, LLC (the “Owner”).
Proposers/Sponsors: County Executive, Ingrid S. Watson, Eric C. Olson, Sydney J. Harrison, Jolene Ivey, Calvin S. Hawkins, Thomas E. Dernoga
Code sections: 10-194 -
Attachments: 1. CR-030-2025 - signed, 2. R2025030, 3. CR-030-2025 Attachment B, 4. CR-030-2025 Summary, 5. CR-030-2025 Report, 6. CR-030-2025 PAFI, 7. CR-030-2025 Transmittal, 8. CR-029-2025 Presentation (NC 2)
Related files: CR-029-2025
Contact: Adedamola George, Esq., Chief Compliance and Program Manager Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 2 PROJECT for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Affordable Multifamily II, LLC (the “Owner”).

 

Background

This legislation is approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Affordable Multifamily II, LLC (the “Owner”) concerning the New Carrollton - Affordable - Phase 2 project.