Recommendation: That the Board of Public Works enter into a grant agreement for the following grant: Board of Directors of The Friends of the Patapsco Valley State Park, Ltd.
ACTION AGENDA
7-CGL. CAPITAL GRANTS AND LOANS
September 20, 2023
Contact: Deirdra Bell 410-767-4107 [email protected]
Board of Directors of The Friends of the Patapsco Valley State Park, Ltd
Friends of the Patapsco Valley State Park – Trail Center (Baltimore County)
“For the acquisition, planning, design, construction, repair, renovation, reconstruction, site improvement, and capital equipping of the Patapsco Trail Center, located in Baltimore County.”
Maryland Consolidated Capital Bond Loan of 2021 (MISC– Chapter 63, Acts of 2021) DGS Item 338, (SL-222-210-038) $ 340,000
Matching Fund: No match is required.
| Background: | Total Project | $ 840,000 |
| 21-338 (This Action) | $ 340,000 (Non-match) | |
| Local Cost | $ 500,000 |
Remarks:
- This action is in accordance with the enabling legislation and complies with the tax- exempt bond provisions of the Internal Revenue Code.
- The grant recipient shall consult with the Maryland Historical Trust pursuant to Sections 5A-325 to 328, State Finance and Procurement Article, Annotated Code of Maryland, and convey a perpetual preservation easement pursuant to the terms of the enabling legislation.
- Procurement/Contracts should be submitted to the Department of General Services for eligibility determination.
Leave a Reply