Prince George's County Council - Reference No. CR-019-2009

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Details

Reference No.

CR-019-2009 Draft No. 2

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

6/23/2009

Introduced Date

5/19/2009

Public Hearing Date

Effective date:

Title:

A Resolution establishing that a multifamily unit development known as the Varsity Project, located in census tract number 807000, qualifies for a revitalization/redevelopment tax credit pursuant to Section 10-235.02 of the Prince George’s County Code

Proposers/Sponsors:

Eric C. Olson

Code sections:

None - None

Attachments:

1. ACTION SUMMARY T2009019, 2. R2009019.pdf

Contact:

Ralph E. Grutzmacher Legislative Officer

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
6/23/2009	2	County Council	adopted	Pass	Action details	Meeting details	Not available
5/19/2009	2	County Council	referred	Pass	Action details	Meeting details	Not available
5/19/2009		County Council	introduced		Action details	Meeting details	Not available

Title A Resolution establishing that a multifamily unit development known as the Varsity Project, located in census tract number 807000, qualifies for a revitalization/redevelopment tax credit pursuant to Section 10-235.02 of the Prince George’s County Code Background The proposed resolution would provide a revitalization tax credit for a student housing project. Multifamily housing projects are not eligible for the revitalization tax credit unless the credit is specifically approved by Council resolution pursuant to Section 10-235.02 of the County Code. In granting the tax credit, the Council is required to give consideration to factors related to community development and business revitalization such as median household income, the residential density of the area, land use in the area, economic factors, and unemployment rates. The project is exempted from payment of the school facility surcharge pursuant to an exemption enacted by the General Assembly codified at Section 10-192.01(b)(4).

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