Prince George's County Council - Reference No. CR-089-2014

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Details

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

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
11/12/2014	1	County Executive	signed		Action details	Meeting details	Not available
10/28/2014	1	County Council	adopted	Pass	Action details	Meeting details	Video
10/21/2014	1	County Council	deferred		Action details	Meeting details	Video
10/16/2014	1	Public Safety and Fiscal Management Committee	Favorably recommended	Pass	Action details	Meeting details	Not available
9/16/2014	1	County Council	introduced and referred		Action details	Meeting details	Video

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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