Title
A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 2 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 New Carrollton Affordable Multifamily II, LLC (the “Owner”).
Background
This legislation is approving the terms and conditions of a Payments in Lieu of Taxes (“PILOT”) Agreement between Prince George’s County, Maryland (the “County”) and New Carrollton Affordable Multifamily II, LLC (the “Owner”) concerning the New Carrollton - Affordable - Phase 2 project.