Prince George's County Council - Reference No. CR-105-2023

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Details

Reference No.

CR-105-2023 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

11/7/2023

Introduced Date

10/23/2023

Public Hearing Date

Effective date:

11/7/2023

Title:

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE PROMISE PROJECT for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (“County”) and A Determined Seed I LLC (“Developer”) for the Promise Project.

Proposers/Sponsors:

County Executive, Jolene Ivey, Wanika Fisher, Mel Franklin

Code sections:

10-194 -

Attachments:

1. CR-105-2023 - signed, 2. CR-105-2023 Attachment A, 3. CR-105-2023 Attachment B, 4. CR-105-2023 Attachment C, 5. CR-105-2023 Summary, 6. CR-105-2023 Report, 7. CR-105-2023 PAFI, 8. CR-105-2023 Transmittal, 9. CR-105-2023 Presentation 10-26-23 GOFP

Related files:

CR-098-2023, CR-097-2023

Contact:

Chris Ahn, Assistant Deputy Chief Administrative Officer, Economic Development

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
11/7/2023	1	County Council	adopted	Pass	Action details	Meeting details	Video
11/2/2023	1	Government Operations and Fiscal Policy Committee	Favorably recommended	Pass	Action details	Meeting details	Video
10/23/2023	1	County Council	introduced and referred		Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE PROMISE PROJECT for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (“County”) and A Determined Seed I LLC (“Developer”) for the Promise Project.

Background

This project is located within several priority areas, as designated by the County and the State, and its proximity to the Southern Avenue Green Line Metro and Bus Station demonstrates its potential for fulfilling County transit-oriented development goals. Lastly, The Promise will consist of 841 residential units of all types, including age-restricted senior units, and over 100 affordable units at 65% of Area Median Income (AMI).

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