Submitted by: Ward, Lawrence
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
title
Hyattsville Resolution 2021-03: A Resolution to recertify the Gateway Arts and Entertainment District as a designated State Arts and Entertainment District.
end
Suggested Action:
recommendation
I move that the City Council adopt Hyattsville Resolution 2021-03, a resolution affirming the City of Hyattsville’s approval and support of a request to the Maryland Department of Commerce for recertification of the Gateway Arts and Entertainment (A&E) District be designated by the Secretary for an additional 10-year period and authorize the City Administrator and City Attorney to provide the Secretary with a letter certifying Resolution 2021-03.
end
Summary Background:
The goal of the State of Maryland A&E Districts program is to develop, promote, and support diverse artistic and cultural centers in communities across Maryland that preserve a sense of place, provide unique local experiences, attract tourism, and spur economic revitalization and neighborhood pride.
Strategies supported by the A&E Districts program include:
• creating accessible, unique arts destinations;
• leveraging the State’s regional identities, natural resources, and heritage;
• facilitating opportunities for dynamic arts experiences that actively engage community members and attract visitors;
• enabling artists of all disciplines to live, work, and prosper
• create an economically prosperous future; and
• investing in the power of place.
In 2010 when the Prince George's County Gateway Arts & Entertainment District had to apply to re-certify its status as an Arts & Entertainment District before the State (since the designation lasts just ten years), a local resolution of support, approved by the City Council was required.
Next Steps:
A resolution and certification will be submitted to the Maryland Department of Commerce.
Fiscal Impact:
The real property tax credit amount shall be the following percentage of the amount of the increase in property tax imposed on the eligible assessment of the property entitled to the credit:
i. 100% in each of the first taxable year after the calendar year when the property is initially entitled to the credit;
ii. 80% in the second taxable year;
iii. 60% in the third taxable year;
iv. 40% in the fourth taxable year;
v. 20% in the fifth taxable year
vi. The tax credit shall not go beyond the tenth year.
City Administrator Comments:
Recommend Approval.
Community Engagement:
A public hearing was held May 17, 2021
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
Complete