Reference No. CR-074-2004    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 11/16/2004
Introduced Date 11/1/2004 Public Hearing Date
Effective date: 11/16/2004    
Title: A Resolution to endorse the loan to be provided from the Maryland Economic Development Assistance Fund to Internosis, Inc., and to authorize a County loan to Internosis, Inc.
Proposers/Sponsors: Thomas E. Dernoga, Samuel H. Dean, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2004074, 2. R2004074.pdf
Contact: David Leibowitz Office of Law
Title A Resolution to endorse the loan to be provided from the Maryland Economic Development Assistance Fund to Internosis, Inc., and to authorize a County loan to Internosis, Inc. Background This resolution will endorse a loan to Internosis, Inc., (“Internosis”) not to exceed $200,000 from the Maryland Economic Development Assistance Fund and authorize a County loan not to exceed $20,000 from the County Incentive Leverage Fund, managed by the Prince George’s County Economic Development Corporation. The proceeds of these loans will be used to reimburse Internosis for a portion of the costs of acquiring a leasehold and leasehold improvements and equipment and relocating its corporate headquarters to Greenbelt, Maryland.



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