Committee of the Whole gives favorable recommendation for $7.5 million Collington bond for predevelopment costs

Prince George’s County Council Committee of the Whole on April 1, 2025, voted to give a favorable recommendation for resolution CR-39-2025, authorizing the issuance and sale of economic development revenue bonds in an aggregate principal amount not to exceed $7,500,000 to Collington Episcopal Life Care Community, Inc., a nonprofit life‑plan community in Mitchellville.

The county’s action would be conduit financing: the county would issue bonds on behalf of Collington, but Collington would be solely responsible for debt service and transaction costs, and the nonprofit has agreed to indemnify the county. The $7.5 million request is intended to cover predevelopment costs — architecture, planning and engineering — with any larger construction financing to be sought later, county staff said.

Nathaniel Tutt, a county staff member who presented the item, said Collington’s campus is about 125 acres at 10450 Locksford Road in Mitchellville and described the existing and proposed facilities. The community currently includes roughly 330 independent living units, about 41 assisted‑living beds and about 36 memory‑care beds, and the expansion discussed would add new cottages and villas, replace the…