Authorization of the execution of certain documents to help facilitate RHE Scarborough Square, LLC’s acquisition of Square Townhomes and Apartments of RHE Scarborough Square, LLC Authorize the City Manager to Execute, on behalf of the Mayor and Council, (i) certain Loan Documents, related to the City’s $1,200,000 loan to RHE Scarborough Square, LLC, a Maryland limited liability company and affiliate of Rockville Housing Enterprises, (ii) the City of Rockville Moderately Priced Housing Fund Grant Agreement, related to the City’s $600,000 grant to RHE Scarborough Square, LLC, and (iii) a Payment-in-Lieu-of Taxes (PILOT) Agreement with RHE Scarborough Square, LLC, to help facilitate RHE Scarborough Square, LLC’s acquisition of Square Townhomes and Apartments.

What this record is

Held by

RHE Scarborough Square, LLC 2 records across this site

Amount

$600K

Runs until

no end date published in this record

Type

purchase

Read automatically from the title of the official record. The source document below is authoritative.

RHE Scarborough Square, LLC also holds

​​Adoption of Resolution to approve RHE Scarborough Square, LLC’s sale of a beneficial interest in the Scarborough Square Townhomes and Apartments. Ap… Rockville, MD

Committee

Mayor and Council

Requested by

Housing and Community Development

Introduced

April 10, 2023

On agenda

July 17, 2023

Enactment no.

No