Title
A RESOLUTION CONCERNING SCHOOL FACILITIES SURCHARGE EXEMPTION for the purpose of approving a full exemption of the school facilities surcharge for all residential units within THE HUB mixed-use student housing project.
Background
This resolution seeks the approval of the County Council in order to fully exempt the CORE student housing project in College Park from the school facilities surcharge, in accordance with Section 10-192.01 of the Prince George’s County Code that enables the County Council to exempt some or all of the school facilities surcharge for undergraduate student housing within the designated area located in the City of College Park. This project will result in a 161-unit student housing development with approximately 1,022 SF of commercial/retail space.
The waiver will also fulfill a commitment by Prince George’s County to support the University District 2020 Plan with a 100% school facilities surcharge waiver.