For Tax Levy Years 2018 (tax period 7-1-2018 to 6-30-2019) through
2033 (tax period 7-1-1933 to 6-30-1934), MHP Parkview Manor LLC shall
have a $15,000 abatement of City real property taxes for Parkview
Manor Apartments located at 5040 38th Avenue Hyattsville, Maryland;
and
A minimum of 100% of the rental units at Parkview Manor Apartments,
located at 5040 38th Avenue Hyattsville, Maryland, shall be occupied
by low or moderate-income households (i.e., households with incomes
at or below 60% of the Washington Metropolitan Statistical Area ("WMASA")
median income).
The City Administrator is authorized to enter into a PILOT Agreement
on behalf of the City with MHP Parkview Manor LLC under the provisions
of Maryland Code, section 7-506.1 of the Tax Property Article, and
to take such actions and execute such documents as are necessary in
order to carry out the purposes of this Ordinance.