Reference No. CR-089-2014    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 9/16/2014
Introduced Date 9/16/2014 Public Hearing Date
Effective date: 10/28/2014    
Title: A RESOLUTION CONCERNING PILOT AGREEMENT FOR KEYS ENERGY CENTER LLC for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between Prince George’s County, Maryland (the “County”) and Keys Energy Center LLC (the “Company”).
Proposers/Sponsors: County Executive, Mel Franklin, Obie Patterson
Attachments: 1. R2014089.pdf, 2. INCLUSION FILE I-CR-89-2014 Attachment B, 3. CR-089-2014 AIS, 4. CR-89-2014 Report
Contact: LaKeecia Allen, Office of Law
Title
A RESOLUTION CONCERNING PILOT AGREEMENT FOR KEYS ENERGY CENTER LLC for the purpose of approving the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement by and between Prince George's County, Maryland (the "County") and Keys Energy Center LLC (the "Company").
Background
This resolution will approve the terms and conditions of a negotiated Payment in Lieu of Taxes (PILOT) Agreement between the County and Keys Energy Center LLC.  This Agreement will facilitate the development, construction and operation of the Keys Energy Center Generating Facility.  The facility will be a new, nominally rated 735-megawatt, combined-cycle, natural gas-fired, electric power generating plant and will contribute to a secure and environmentally friendly power supply for the State.  It will also benefit County residents by creating temporary and permanent jobs.
 



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