Title
A RESOLUTION CONCERNING PAYMENTS IN LIEU OF TAXES (“PILOT”) AGREEMENT FOR THE NEW CARROLLTON - AFFORDABLE - PHASE 3 - 9% 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 Urban Atlantic Development 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 Urban Atlantic Development LLC (the “Owner”) concerning the New Carrollton - Affordable - Phase 3 - 9% project.