5749498 Resolution 21-287, Plaza West Disposition Restatement Emergency Declaration Resolution of 2015

A RESOLUTION

 

21-287 

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

November 3, 2015

 

 

To declare the existence of an emergency with respect to the need to approve the amended proposal for the property designated as Lot 25 in Square 526, which was previously conveyed to Golden Rule Plaza, Inc.

 

 

            RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Plaza West Disposition Restatement Emergency Declaration Resolution of 2015”.

 

Sec. 2. (a)  The District conveyed property designated for tax and assessment purposes as Lot 25 in Square 526, commonly known as the Golden Rule Property (“Property”), to Golden Rule Plaza, Inc. (“Developer”) on October 28, 2005, in accordance with the proposal submitted by the Developer.

(b)  At the time of the conveyance, the proposed development included an affordable senior citizens apartment building, a senior day care facility, and an intergeneration center (“Initial Project”).

(c)  Since 2005, the Developer has been preparing the site and securing the financing for the redevelopment of the Property.  During this time, the Initial Project has been revised to contain approximately 223 units of affordable housing, with supportive services, outdoor space, parking, and any ancillary uses allowed under applicable law (“Amended Project”).

(d)  Council approval is necessary to allow timely construction of the Amended Project in order to provide necessary affordable housing in the District.

 

            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 Plaza West Disposition Restatement Emergency Act of 2015 be adopted after a single reading.

 

            Sec. 4.  This resolution shall take effect immediately.