4134060 Resolution 19-722, "Closing of a Public Alley in Square N-515, S.O. 12-02073, Emergency Declaration Resolution of 2012"

A RESOLUTION

                                                        

19-722  

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

December 4, 2012

 

 

 

To declare the existence of an emergency with respect to the need to order the closing of a public alley in Square N-515, bounded by New York Avenue, N.W., 2^nd Street, N.W., L Street,  N.W., and 4^th Street, N.W., in Ward 6.

 

            RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Closing of a Public Alley in Square N-515, S.O. 12-02073, Emergency Declaration Resolution of 2012”.

 

            Sec. 2.   (a) The Council considered on first reading on October 30, 2012, and final reading on November 15, 2012, Bill 19-827, the Closing of a Public Alley in Square N‑515, S.O. 12-02073, Act of 2012 (“permanent act”), following mark-up by the Committee of the Whole. 

            (b) The permanent act will facilitate the development of a residential building in Square N-515.  This development will have a positive fiscal impact on the District of Columbia through the generation of substantial new property tax revenues and new residential income tax.  The development will also create approximately 250 jobs during construction and additional permanent jobs after completion of the project. 

            (c)  The Advisory Neighborhood Commission (“ANC”) 6C, the ANC within which the project is located, supports the alley closing.

            (d)  The alley closing approval for this development is essential for the applicant to move forward in a timely manner with closing on its financing commitment. A delay in the alley closing could result in the expiration of the financing commitment, which could risk the viability of the project.

            (e) Council enactment of emergency legislation approving the alley closing will allow the construction of the proposed development to proceed expeditiously, while the permanent act is pending Congressional review.

 

            Sec. 3.  The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the Closing of a Public Alley in Square N-515, S.O. 12-02073, Emergency Act of 2012 be adopted after a single reading.

 

            Sec. 4.   This resolution shall take effect immediately.