Prince George's County Council - Reference No. CR-066-2010

• Reference No.: CR-066-2010
• Draft No.: 3
• Type: Resolution
• Status: Adopted
• Meeting Body: County Council
• Meeting Date: 10/26/2010
• Introduced Date: 7/13/2010
• Effective date: 11/15/2010
• Title: A RESOLUTION concerning Public Facilities Financing and Implementation Program District at Westphalia Center for the purpose of designating a contiguous area within Prince George’s County, Maryland (the “County”) as a “PFFIP District,” such development district to be located in an unincorporated area of the County known as Westphalia, Maryland and to be known as the “Westphalia PFFIP District;” providing for, and determining, various matters in connection with the establishment of a PFFIP District, creating provisions for financing strategies including, but not limited to, pro-rata contributions, sale leasebacks, funding “clubs,” the Surplus Capacity Reimbursement Procedure provided in Section 24-124 of the County Code, and other methods to ensure equity in the PFFIP District; making certain findings and determinations with respect to the uses of such financing strategies; and generally relating to the Westphalia PFFIP District.; ;
• Proposers/Sponsors: Samuel H. Dean
• Code sections: None - None
• Contact: Karen T. Zavakos Legislative Officer

Date	Ver.	Action By	Action	Result
11/15/2010		County Executive	signed
11/15/2010		County Council	effective
10/26/2010	3	County Council	adopted	Pass
10/20/2010	3	County Council	Favorably recommended with amendments	Pass
9/7/2010	3	County Council	Public hearing	Pass
7/13/2010	3	County Council	referred	Pass
7/13/2010		County Council	introduced

Title A RESOLUTION concerning Public Facilities Financing and Implementation Program District at Westphalia Center for the purpose of designating a contiguous area within Prince George’s County, Maryland (the “County”) as a “PFFIP District,” such development district to be located in an unincorporated area of the County known as Westphalia, Maryland and to be known as the “Westphalia PFFIP District;” providing for, and determining, various matters in connection with the establishment of a PFFIP District, creating provisions for financing strategies including, but not limited to, pro-rata contributions, sale leasebacks, funding “clubs,” the Surplus Capacity Reimbursement Procedure provided in Section 24-124 of the County Code, and other methods to ensure equity in the PFFIP District; making certain findings and determinations with respect to the uses of such financing strategies; and generally relating to the Westphalia PFFIP District.

Background CB-78-2006 provided broad authority for the County to establish Public Facilities Financing and Implementation Programs (“PFFIP”) as a tool to provide for the timely provision of adequate public facilities. This Resolution establishes a PFFIP for the Westphalia Sector, articulates boundaries for the Program District Area and sets forth a financing mechanism for construction of a MD 4 at Westphalia Interchange and associated improvements. 10/26/2010 - CR-66-2010 (DR-2) was technically amended on the floor; CR-66-2010 (DR-3) adopted.