A RESOLUTION CONCERNING MILL BRANCH CROSSING DEVELOPMENT DISTRICT for the purpose of designating a contiguous area within Prince George’s County, Maryland (the “County”) as a “development district” as that term is used in Sections 12-201 through 12 213, inclusive, of the Economic Development Article of the Annotated Code of Maryland, as amended (the “Tax Increment Financing Act”), such development district to be located in Bowie, Maryland and to be known as the “Mill Branch Crossing Development District”; providing for, and determining, various matters in connection with the establishment of a development district; creating a tax increment fund with respect to the Development District; allocating certain property taxes with respect to the development district to be paid over to the tax increment fund as provided in the Tax Increment Financing Act; making certain findings and determinations with respect to the tax increment fund and the uses of such fund; providing that special obligation bonds may be issued from time to time pursuant to an ordinance or ordinances enacted in accordance with the Tax Increment Financing Act and secured by the tax increment fund; and generally relating to the Development District.

Resolution Adopted Introduced May 24, 2024

Where it was heard