Legislation Details

Reference No. CR-041-2023    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body Sitting as the Committee of the Whole
Meeting Date 6/13/2023
Introduced Date 5/9/2023 Public Hearing Date
Effective date: 6/20/2023    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR COTTAGE CITY TOWERS 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 an entity to be formed by Developer: HAPGC Affordable Housing Development Corporation, LLC C/O Housing Authority of Prince George's County (the “Owner”).
Proposers/Sponsors: County Executive, Thomas E. Dernoga, Sydney J. Harrison, Jolene Ivey
Code sections: 10-194 -
Attachments: 1. CR-041-2023 - signed, 2. CR-041-2023 Attachment B, 3. CR-041-2023 Summary, 4. CR-041-2023 PAFI, 5. CR-041-2023 Transmittal, 6. CR-041-2023 Report, 7. CR-041-2023 Presentation 06.13.23 COW
Related files: CR-046-2023
Contact: Adedamola George, Senior Compliance Manager Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR COTTAGE CITY TOWERS 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 an entity to be formed by Developer: HAPGC Affordable Housing Development Corporation, LLC C/O Housing Authority of Prince George's County (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 an entity to be formed by Developer: HAPGC Affordable Housing Development Corporation, LLC C/O Housing Authority of Prince George's County (the “Owner”) concerning the Cottage City Towers project.