Prince George's County Council - Reference No. CR-008-2008

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Details

Reference No.

CR-008-2008 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

4/15/2008

Introduced Date

2/19/2008

Public Hearing Date

Effective date:

4/15/2008

Title:

A RESOLUTION concerning Financial assistance to Comcast of Maryland, Inc. from the Maryland Economic Development Assistance Fund and from Prince George’s County, Maryland For the purpose of endorsing a $500,000 and $50,000 loan to Comcast of Maryland, Inc. (“Comcast”) from the Maryland Economic Development Assistance Fund (“MEDAF”) and Prince George’s County, Maryland (the “County”), respectively, for costs associated with leasing office space for operation of a service center in the County.

Proposers/Sponsors:

Thomas E. Dernoga, Ingrid M. Turner, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY T2008008, 2. R2008008.pdf

Contact:

Russell A. King, Jr. Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
4/22/2008		County Executive	signed		Action details	Meeting details	Not available
4/15/2008	1	County Council	adopted	Pass	Action details	Meeting details	Not available
4/15/2008		County Council	effective		Action details	Meeting details	Not available
4/1/2008	1	Sitting as the Committee of the Whole	Favorably recommended		Action details	Meeting details	Not available
2/19/2008	1	County Council	referred	Pass	Action details	Meeting details	Not available
2/19/2008		County Council	introduced		Action details	Meeting details	Not available

Title A RESOLUTION concerning Financial assistance to Comcast of Maryland, Inc. from the Maryland Economic Development Assistance Fund and from Prince George’s County, Maryland For the purpose of endorsing a $500,000 and $50,000 loan to Comcast of Maryland, Inc. (“Comcast”) from the Maryland Economic Development Assistance Fund (“MEDAF”) and Prince George’s County, Maryland (the “County”), respectively, for costs associated with leasing office space for operation of a service center in the County. Background This Resolution endorses a loan to Comcast for $500,000 from MEDAF and from the County’s Incentive Leverage Fund for $50,000 to assist Comcast with tenant improvements, fixtures, and equipment at a new advanced service center, located at 1301 McCormick Drive, Largo, Maryland.

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