Reference No. CR-059-2023    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 5/25/2023
Introduced Date 5/25/2023 Public Hearing Date
Effective date: 7/1/2023    
Title: A RESOLUTION CONCERNING THE REDEVELOPMENT AUTHORITY OF PRINCE GEORGE'S COUNTY FISCAL YEAR 2024 OPERATING BUDGET AND CAPITAL IMPROVEMENT PROGRAM for the purpose of approving the Capital Improvement Program of the Redevelopment Authority of Prince George's County for Fiscal Years 2024-2029; prepared pursuant to the authority contained in Subtitle 15B of the Prince George's County Code; and providing comments on the proposed Operating Budget of the Redevelopment Authority for Fiscal Year 2024.
Proposers/Sponsors: Thomas E. Dernoga, Ingrid S. Watson, Jolene Ivey, Wanika Fisher, Eric C. Olson, Calvin S. Hawkins
Attachments: 1. CR-059-2023 - signed, 2. CR-059-2023 Attachment 1, 3. CR-059-2023 Attachment 2, 4. CR-059-2023 Summary
Contact: Colette R. Gresham, Associate Council Administrator

Title

A RESOLUTION CONCERNING THE REDEVELOPMENT AUTHORITY OF PRINCE GEORGE'S COUNTY FISCAL YEAR 2024 OPERATING BUDGET AND CAPITAL IMPROVEMENT PROGRAM for the purpose of approving the Capital Improvement Program of the Redevelopment Authority of Prince George's County for Fiscal Years 2024-2029; prepared pursuant to the authority contained in Subtitle 15B of the Prince George's County Code; and providing comments on the proposed Operating Budget of the Redevelopment Authority for Fiscal Year 2024.

 

Background

The Redevelopment Authority is proposing a six-year Capital Improvement Program. This Resolution approves the proposed Fiscal Year 2024 Capital Budget in the amount of $16,686,000 for four projects, as follows:

 

Addison Rd/Capitol Hts. Metro Corridor - $847,000

Cheverly Development - $13,000,000

County Revitalization - $658,000

Suitland Manor - $2,181,000

 

The Redevelopment Authority is required to submit its proposed Operating Budget to the County Council for comments. This resolution states the Council's concurrence on the Authority's proposed FY 2024 Capital Budget of $16,686,000, and an Operating Budget of approximately $534,500.




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