Section 10-B6107. MAYOR'S APPROVAL AND CERTIFICATION

 

6106.1Upon receipt of the recommendation of the Downtown Retail Committee with respect to a Retail Development Project, the Mayor may approve and certify the rating of the Retail Development Project, the designation of the Retail Development Project as a TIF Area, the issuance of Bonds in an amount equal to the Bond Allocation Amount and such other matters as the Mayor considers necessary or appropriate to achieve the goals and objectives of the Downtown Retail Priority Area.

 

6106.2DMPED shall facilitate and manage the financing process with the Owner, including negotiating the Development Agreement and any other related documents.

 

6106.3In connection with the issuance of the Bonds, the Owner shall enter into a Development Agreement with the District, such Development Agreement to be satisfactory to the Mayor, and consistent with the requirements of the Act and any other applicable laws of the District of Columbia. Such Development Agreement shall also include, among other things, the terms and conditions relative to the issuance of the Bonds.

 

source

Final Rulemaking published at 51 DCR 9326 (October 1, 2004); as amended by Final Rulemaking published at 53 DCR 825 (February 10, 2006).