Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
title
MOU with Revenue Authority of Prince George’s County: The Spot
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Suggested Action:
recommendation
I move that the Mayor and Council authorize the City Administrator to enter into an MOU with the Revenue Authority of Prince George’s County for the purpose of extending the term for the expenditure of $681,655 in grant funding to support the construction of the community trailhead project, “The Spot”. The MOU requires all grant funding to be expended by December 31, 2024.
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Summary Background:
In 2021, the Revenue Authority approved the repurposing of previously awarded State of Maryland DHCD Smart Growth Impact grant funds. Originally designated for developing a structured parking facility, these funds will now be used for creating a public use trailhead and community hub at 4503-4508 Hamilton Street, commonly known as "The Spot."
The original grant term was set to expire on June 30, 2024. However, City staff have successfully negotiated an extension with the Revenue Authority, allowing the funds to be used until December 31, 2024. The funds will support the trailhead project construction but cannot be used for landscaping, per the terms of the MOU.
Next Steps:
No additional action is required.
Fiscal Impact:
No additional fiscal impact, as funding associated with this item have already been allocated by City Council.
City Administrator Comments:
Recommend approval.
Community Engagement:
N/A
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
Complete