Prince George's County Council - Reference No. CR-059-2012

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Details

Reference No.

CR-059-2012 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

9/18/2012

Introduced Date

7/24/2012

Public Hearing Date

Effective date:

Title:

A Resolution for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes Agreement (PILOT) by and between Glenmore Associates Limited Partnership and Prince George’s County, Maryland

Proposers/Sponsors:

Andrea C. Harrison, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY T2012059, 2. INCLUSION FILE I-CR-59-2012 Attachment B, 3. R2012059.pdf

Contact:

Joseph R. Hamlin Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
9/25/2012		County Executive	signed		Action details	Meeting details	Not available
9/11/2012	1	County Council	FAVORABLE	Fail	Action details	Meeting details	Not available
7/24/2012	1	County Council	referred	Fail	Action details	Meeting details	Not available
7/24/2012		County Council	introduced		Action details	Meeting details	Not available

Title A Resolution for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes Agreement (PILOT) by and between Glenmore Associates Limited Partnership and Prince George’s County, Maryland Background This resolution will approve the terms and conditions of an agreement between the County and Glenmore Associates Limited Partnership for a negotiated Payment In Lieu of Taxes (PILOT) and County property tax deferral for 409 units of multi-family apartment homes located in Landover. State law allows payment in lieu of taxes for real property that is “owned by a person engaged in constructing or operating housing structures or projects.” Glenmore Associates constructed the apartment homes that eradicated a significant blighted multi-family property.

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