Prince George's County Council - Reference No. CR-044-2023

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Details

Reference No.

CR-044-2023 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

6/13/2023

Introduced Date

5/16/2023

Public Hearing Date

Effective date:

6/20/2023

Title:

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR PARK PLACE AT ADDISON ROAD APARTMENTS for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Banneker Ventures, LLC (the “Owner”).

Proposers/Sponsors:

County Executive, Calvin S. Hawkins, Sydney J. Harrison, Mel Franklin, Ingrid S. Watson, Wanika Fisher, Thomas E. Dernoga, Jolene Ivey, Krystal Oriadha

Code sections:

10-194 -

Attachments:

1. CR-044-2023 - signed, 2. CR-044-2023 Attachment A, 3. CR-044-2023 Attachment B, 4. CR-044-2023 Summary, 5. CR-044-2023 Report, 6. CR-044-2023 PAFI, 7. CR-044-2023 Transmittal, 8. CR-044-2023 Presentation 06.13.23 COW

Contact:

Adedamola George, Senior Compliance Manager Department of Housing and Community Development

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
6/20/2023	1	County Council	adopted	Pass	Action details	Meeting details	Video
6/13/2023	1	Sitting as the Committee of the Whole	Favorably recommended	Pass	Action details	Meeting details	Video
5/16/2023	1	County Council	introduced and referred		Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR PARK PLACE AT ADDISON ROAD APARTMENTS for the purpose of approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Banneker Ventures, LLC (the “Owner”).

Background

This Resolution is approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and Banneker Ventures, LLC (the “Owner”) concerning the Park Place at Addison Road project.

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