Prince George's County Council - Reference No. CR-038-2011

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Details

Reference No.

CR-038-2011 Draft No. 3

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

7/19/2011

Introduced Date

5/17/2011

Public Hearing Date

Effective date:

Title:

A Resolution revising the County’s policy for the use of the Tax Increment Financing and other financial tools and incentives to fund economic and community development projects and initiatives in Prince George’s County.

Proposers/Sponsors:

Karen R. Toles, Mary A. Lehman, Mel Franklin, Obie Patterson, Ingrid M. Turner, Requester

Code sections:

None - None

Attachments:

1. R2011038.pdf, 2. ACTION SUMMARY T2011038

Contact:

Colette R. Gresham Legislative Officer

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
7/19/2011	3	County Council	adopted	Pass	Action details	Meeting details	Not available
7/6/2011	3	County Council	Favorably recommended with amendments	Pass	Action details	Meeting details	Not available
6/1/2011	3	County Council	Held in Committee	Pass	Action details	Meeting details	Not available
5/17/2011	3	County Council	referred	Pass	Action details	Meeting details	Not available
5/17/2011		County Council	introduced		Action details	Meeting details	Not available

Title A Resolution revising the County’s policy for the use of the Tax Increment Financing and other financial tools and incentives to fund economic and community development projects and initiatives in Prince George’s County. Background The County Council adopted CR-89-2006 which established a policy for the County to use specific criteria in determining the appropriateness and necessity of applying TIF and other financial incentives to help fund economic and community development projects and initiatives throughout the County. The Council revised the criteria for proposed projects and initiatives by adopting CR-98-2010. This resolution would revise the TIF policy by requiring developers receiving TIF assistance from the County to submit a certification verifying that all contractors/subcontractors performing work on TIF assisted projects participate in a bona fide apprenticeship training program. 7/19/2011: CR-38-2011 (DR-2) was amended on the floor prior to adoption; CR-38-2011 (DR-3) was adopted.

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