A RESOLUTION CONCERNING LOANS TO CAPITAL LIGHTING & SUPPLY, LLC (“CAPITAL LIGHTING”) FROM THE MARYLAND ECONOMIC DEVELOPMENT ASSISTANCE FUND (“MEDAF”) AND PRINCE GEORGE’S COUNTY (THE “COUNTY”) for the purpose of endorsing a loan not to exceed two hundred and fifty thousand dollars ($250,000) to Capital Lighting from the Maryland Department of Commerce MEDAF program, which, in conjunction with the conditional loan from the County’s Economic Development Incentive Fund (“EDI Fund”) not to exceed two hundred and fifty thousand dollars ($250,000), will be used for eligible project costs associated with supporting the expansion of headquarters for Capital Lighting to Upper Marlboro, MD and eligible associated costs at the project site.

Committee

County Council

Requested by

County Executive

Introduced

March 15, 2021

On agenda

April 20, 2021

Passed

April 20, 2021

Enacted

March 23, 2021