Legislation Details

Reference No. CR-010-2016    Draft No.
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 3/8/2016
Introduced Date 2/2/2016 Public Hearing Date
Effective date: 3/8/2016    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES ("PILOT") AGREEMENT FOR ARNOLD GARDENS for the purpose of approving the terms and conditions of a Payment in Lieu of Taxes ("PILOT") Agreement between Prince George's County, Maryland (the "County") and 2521 Ventures Investors, LLC (the "Owner").
Proposers/Sponsors: County Executive, Derrick Leon Davis
Attachments: 1. R2016010 DR-2, 2. CR-10-2016 Attachment B, 3. CR-10-2016 AIS, 4. CR-10-2016 Report, 5. CR-10-2016 Transmittal Letter, 6. CR-10-2016_OOL, 7. CR-10-2016_FiscalImpact
Contact: Estella Alexander, Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES ("PILOT") AGREEMENT FOR ARNOLD GARDENS for the purpose of approving the terms and conditions of a Payment in Lieu of Taxes ("PILOT") Agreement between Prince George's County, Maryland (the "County") and 2521 Ventures Investors, LLC (the "Owner").

Background

This Resolution is for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland and 2521 Ventures Investors, LLC concerning the Arnold Gardens project.