Reference No. CR-035-2004    Draft No. 2
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/27/2004
Introduced Date 5/27/2004 Public Hearing Date
Effective date: 7/27/2004    
Title: A Resolution to endorse the loan to be provided from the Maryland Economic Development Assistance Fund to Freeman Decorating Services, Inc., and to authorize a County loan to Freeman Decorating Services, Inc.
Proposers/Sponsors: Tony Knotts, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2004035, 2. R2004035.pdf
Contact: David Leibowitz Office of Law
Title A Resolution to endorse the loan to be provided from the Maryland Economic Development Assistance Fund to Freeman Decorating Services, Inc., and to authorize a County loan to Freeman Decorating Services, Inc. Background This resolution will endorse a loan to Freeman Decorating Services, Inc., (“Freeman”) not to exceed $100,000 from the Maryland Economic Development Assistance Fund and authorize a County loan not to exceed $10,000 from the County Incentive Leverage Fund, managed by the Prince George’s Economic Development Corporation. The proceeds of these loans will be used to reimburse Freeman for a portion of the costs of acquiring land and constructing a building in the County.



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