Reference No. CR-086-2022    Draft No.
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 10/24/2022
Introduced Date 7/12/2022 Public Hearing Date
Effective date: 10/24/2022    
Title: A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE VERONA AT LANDOVER HILLS PROJECT 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 NORE Fund - Landover Owner, LLC (the “Owner”).
Proposers/Sponsors: County Executive, Calvin S. Hawkins, Sydney J. Harrison, Deni L. Taveras, Dannielle M. Glaros, Johnathan M. Medlock, Todd M. Turner
Code sections: 10-194 -
Attachments: 1. R2022086, 2. CR-086-2022 Attachment B, 3. CR-086-2022 AIS, 4. CR-086-2022 AIS, 5. CR-086-2022 Report, 6. CR-086-2022 OOL Comments, 7. CR-086-2022 Transmittal, 8. CR-086-2022 PAFI, 9. CR-086-2022 Presentation, 10. CR-086-2022 OOL Comments
Contact: Pamela Wilson, Housing Development Program Manager Department of Housing and Community Development

Title

A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE VERONA AT LANDOVER HILLS PROJECT 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 NORE Fund - Landover Owner, 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 NORE Fund - Landover Owner, LLC (the “Owner”) concerning the Verona at Landover Hills project.




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