5237823 Resolution 20-687, "Fiscal Year 2015 Income Tax Secured Revenue Bond and General Obligation Bond Issuance Approval Resolution of 2014"

A RESOLUTION

20-687­

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

November 28, 2014

 

To approve the borrowing of funds by the District through the issuance and sale of income tax secured revenue bonds and general obligation bonds in an aggregate principal amount not to exceed $1,092,763,726.

 

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as "Fiscal Year 2015 Income Tax Secured Revenue Bond and General Obligation Bond Issuance Approval Resolution of 2014".

 

Sec. 2.(a)  Pursuant to and in accordance with D.C. Official Code § 47-335.01, the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 1999 -2004 Authorization Act of 1999, effective July 29, 1999 (D.C. Law 13-22; D.C. Official Code § 1-204.61, note); the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2002 -2007 Authorization Act of 2002, effective March 25, 2003 (D.C. Law 14-214; D.C. Official Code § 1-204.61, note); the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2007-2012 Authorization Act of 2006, effective March 6, 2007 (D.C. Law 16-212; D.C. Official Code § 1-204.61, note), and the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2013-2018 Authorization Act of 2012, effective March 19, 2013 (D.C. Law 19-231) (the “Bond Acts”), and Subchapter II-D of the District of Columbia Official Code (§ 47-340.26 et seq.) ("Income Tax Bond Act"), the Council approves the issuance and sale of:

               Income tax secured revenue bonds and general obligation bonds in an aggregate principal amount not to exceed $1,092,763,726 to fund the following capital projects, as that term is defined in the Income Tax Bond Act or the Bond Acts, plus all costs and expenses authorized by the Income Tax Bond Act or the Bond Acts, including, but not limited to, reimbursing amounts temporarily advanced from the General Fund of the District of Columbia, any enterprise fund, or other fund or account of the District, and all costs and expenses of issuing and delivering the bonds, including, but not limited to, underwriting, rating agency fees, legal fees, accounting fees, financial advisory fees, bond insurance and other credit enhancements, liquidity enhancements, printing costs and expenses, capitalized interest, establishment of debt service or other reserve funds related to the bonds, the payment of costs of contracts described in the Income Tax Bond Act or the Bond Acts, and the payments of other debt program related costs as provided in the related agreements:

 

Owner Agency	Project Number	Project Title	Implementing Agency	Borrowing $
COUNCIL	WIL	John A. Wilson Building	COUNCIL	325,000
Total - Council of the District of Columbia				325,000
DGS	AA3	Consolidated Laboratory Facility	DGS	1,649,239
DGS	N14	One Judiciary Square	DGS	2,760,053
DGS	PL1	Hazardous Material Abatement/ADA	DGS	5,158,520
DGS	PL4	City-Wide Physical Access Control Systems	DGS	3,103,156
DGS	PL6	HVAC Repair Renovation Pool	DGS	68,661
DGS	PL9	Energy Retrofitting & System Replacement	DGS	7,455,744
DGS	SM4	Homeless No More	DGS	2,674,726
Total  - Department of General Services				22,870,099
OCFO	BF2	CFO$olve Financial Application	OCFO	429,148
OCFO	BF3	SOAR Modernization	OCFO	10,000,000
Total - Office of the Chief Financial Officer				10,429,148
SECRETARY	AB1	Archives	DGS	900,000
Total - Office of the Secretary				900,000
ZONING	JM1	Zoning Information Technology System	OZ	175,000
Total - Office of Zoning				175,000
DCOA	A05	Ward 6 Senior Wellness Center	DGS	10,284
DCOA	EA3	Washington Center For Aging Services Renovation	DGS	697,878
Total - DC Office on Aging				708,163
DCPL	CAV	Capitol View Library	DCPL	4,500,000
DCPL	CPL	Cleveland Park Library	DCPL	5,625,000
DCPL	FGR	Francis A. Gregory Library	DCPL	33,916
DCPL	FS3	Renovation At Georgetown Library	DCPL	33,847
DCPL	ITM	Information Technology Modernization	DCPL	385,208
DCPL	LB3	General Improvements - Libraries	DCPL	5,000,000
DCPL	MCL	Martin Luther King Jr. Memorial Central Library	DCPL	14,500,000
DCPL	NEL	Northeast Library	DCPL	1,770,570
DCPL	PAL	Palisades Library	DCPL	6,700,000
DCPL	WAH	Washington Highlands	DCPL	34,222
Total - DC Public Library				38,582,762
DOES	UIM	UI Modernization Project - Federal	DOES	3,500,000
Total - Department of Employment Services				3,500,000
DCRA	EB3	Vacant Property Inspection And Abatement	DCRA	171,593
DCRA	ISM	IT Systems Modernization	DCRA	3,592,834
Total - Department of Consumer and Regulatory Affairs				3,764,428
DHCD	40	Property Acquisition & Disposition	DHCD	1,296,602
DHCD	503	Eastgate Hope VI	DHCD	2,523,521
Total - Department of Housing and Community Development				3,820,123
DMPED	AMS	McMillan Site Redevelopment	DMPED	4,095,561
DMPED	ASC	Skyland Shopping Center	DMPED	1,404,551
DMPED	AWR	Saint Elizabeths E Campus Infrastructure	DMPED	5,000,000
DMPED	AWT	Walter Reed Redevelopment	DMPED	400,000
DMPED	EB0	New Communities	DMPED	8,000,000
DMPED	EB4	WASA New Facility	DMPED	3,000,000
DMPED	STH	Strand Theatre	DMPED	1,000,000
Total - Deputy Mayor for Economic Development				22,900,112
MPD	CTV	Tactical Village Training Facility	DGS	18,295
MPD	PEQ	Specialized Vehicles - MPD	MPD	4,077,531
MPD	PL1	MPD Scheduled Capital Improvements	DGS	2,800,000
MPD	PLR	Renovation of MPD District Stations	DGS	3,000,000
MPD	PLT	Crime Fighting Technology	MPD	282,698
Total - Metropolitan Police Department				10,178,524
FEMS	206	Fire Apparatus	FEMS	3,000,000
FEMS	LC4	Engine 22 Firehouse Replacement	DGS	4,103,025
FEMS	LD1	E-28 Complete Modernization/Renovation	DGS	1,823,728
FEMS	LD2	E-29 Complete Renovation/Modernization	DGS	1,765,866
FEMS	LD8	EVOC Course	FEMS	808,157
FEMS	LE7	Engine 27 Major Renovation	DGS	4,000,000
Total - Fire and Emergency Medical Services				15,500,776
DOC	CEV	DOC Elevator Refurbishment	DGS	33,708
DOC	CGN	General Renovations at DOC Facilities	DGS	1,500,000
DOC	CR0	Inmate Processing Center	DGS	6,511,015
DOC	MA2	Elevator/Escalator Pool	DGS	5,240
Total - Department of Corrections				8,049,963
DCPS	BRK	Brookland MS Modernization	DGS	8,000,000
DCPS	GAH	Healthy School Yards	DGS	639,395
DCPS	GI0	Special Education Classrooms	DGS	1,442,386
DCPS	GI5	Rose/Reno School Small Cap Project	DGS	2,750,000
DCPS	GM1	Major Repairs/Maintenance - DCPS	DGS	13,572,077
DCPS	GM3	Project Management/Professional Fees - DCPS	DGS	19,867,004
DCPS	JOH	Johnson MS Renovation/Modernization	DGS	7,886,000
DCPS	N50	IT Products and Services	DCPS	14,245
DCPS	N80	DCPS IT Infrastructure Upgrade	OCTO	2,000,000
DCPS	NA6	Ballou SHS	DGS	5,000,000
DCPS	NR9	Roosevelt HS Modernization	DGS	75,849,726
DCPS	NX3	Cardozo HS Modernization/Renov	DGS	3
DCPS	NX6	W Wilson SHS Modernization/Renovation	DGS	4,116
DCPS	NX8	Coolidge HS Modernization/Renovation	DGS	3,000,000
DCPS	SG1	Window Replacement - DCPS	DGS	613,000
DCPS	SG3	Maintenance Improvements	DGS	8,138,513
DCPS	SK1	Marie Reed ES (Stadium)	DGS	982,901
DCPS	T22	DCPS DCSTARS IT Upgrade	OCTO	2,157,853
DCPS	TB2	Burroughs ES Modernization/Renovation	DGS	627,829
DCPS	YY1	Modernization/Renovation - DCPS	DGS	291,700,774
DCPS	YY6	Planning - DCPS	DGS	13,654
Total - District of Columbia Public Schools				444,259,474
OSSE	GD2	OSSE Facility Improvements	OSSE	1,677
OSSE	N31	DC STAT Service Oriented ERP	OCTO	96,642
OSSE	SIS	Single State-Wide Student Information System	OSSE	2,028,077
Total - Office of the State Superintendent of Education				2,126,396
UDC	UG7	Renovation of University Facilities	UDC	15,040,397
Total - University of the District of Columbia				15,040,397
SET	BU0	Vehicle Replacement	SET	3,637,300
SET	BU4	Bus Facility Upgrades	SET	3,740,000
SET	BU5	DOT GPS  System	SET	1,000,000
Total - Special Education Transportation				8,377,300
DPR	AW3	Marvin Gaye Recreation Center	DGS	41,551
DPR	FTD	Fort Davis Recreation Center	DGS	3,000,000
DPR	HRD	Hardy Recreation Center	DGS	500,000
DPR	IVY	Ivy City Community Center	DGS	1,925,000
DPR	NPR	IT Infrastructure - DPR	OCTO	750,000
DPR	Q10	Fort Greble Recreation Center	DGS	1,000,000
DPR	Q11	Hillcrest Recreation Center	DGS	1,500,000
DPR	QD7	Fort DuPont Ice Arena Replacement	DGS	500,000
DPR	QE2	Ridge Road Recreation Center	DGS	600,418
DPR	QF4	Benning Park Recreation Center Rehab	DGS	1,500,000
DPR	QG6	Kenilworth Parkside Recreation Center	DGS	2,500,000
DPR	QI2	Marvin Gaye Recreation Center	DGS	3,500,000
DPR	QI8	Guy Mason Rehabilitation	DGS	31,166
DPR	QI9	Rosedale Recreation Center	DGS	143,174
DPR	QJ9	Acquisition and Development of Boys and Girls Clubs	DGS	3,125,000
DPR	QK3	Fort Stanton Recreation Center	DGS	1,019,706
DPR	QM6	Raymond Recreation Center	DGS	202,359
DPR	QM7	Chevy Chase Recreation Center	DGS	579
DPR	QM8	Parks and Recreation Centers	DGS	13,500,270
DPR	QN5	Langdon Community Center Redevelopment	DGS	136,078
DPR	QN6	Upshur/Hamilton Community Parks	DGS	1,409
DPR	QN7	Athletic Field and Park Improvements	DGS	6,674,958
DPR	QN8	Banneker Baseball Center	DGS	122,136
DPR	R67	Bald Eagle Recreation Center	DGS	84,645
DPR	RG0	General Improvements - DPR Facilities	DGS	5,795,722
DPR	RR0	General Improvements	DGS	108,669
DPR	SET	Southeast Tennis and Learning Center	DGS	4,000,000
DPR	SQ2	Square 238 DRP Facility	DGS	500,000
DPR	THP	Therapeutic Recreation Center	DGS	1,500,000
DPR	URA	Urban Agriculture	DGS	250,000
DPR	WBR	Edgewood Recreation Center	DGS	14,400,000
DPR	WD3	Ward 3 Outdoor Pool	DGS	1,000,000
Total - Department of Parks and Recreation				69,912,838
DOH	HC1	DC Animal Shelter	DGS	67,771
DOH	HN7	Renovation of Women's Service Clinic	DGS	2,016
Total - Department of Health				69,786
DHCF	AP1	Predictive Analytics IT System	DHCF	125,000
DHCF	CM1	Replace Case Management System	DHCF	125,000
DHCF	HI1	District Operated Health Information System	DHCF	3,145,040
DHCF	MPM	MMIS System Upgrade	DHCF	2,400,000
DHCF	UMC	East End Medical Center	DHCF	15,126,000
Total - Department of Health Care Finance				20,921,040
DHS	CMS	Case Management System - GO Bond	DHS	12,000,000
Total - Department of Human Services				12,000,000
DYRS	SH7	DYRS Campus Upgrades	DGS	20,015
Total - Department of Youth Rehabilitation Services				20,015
DDOT	AD0	Lighting Asset Management	DDOT	6,297
DDOT	AD3	Streetlight Management & Ped Safety	DDOT	2,156,000
DDOT	AW0	S Capitol St/Frederick Douglass Bridge	DDOT	43,188,289
DDOT	CA3	Stormwater Management	DDOT	599,488
DDOT	CAL	Curb and Sidewalk Rehab	DDOT	8,093,957
DDOT	CB0	Replace and Upgrade Attenuators and Guiderails	DDOT	3,844
DDOT	CD0	Bridge Design Consulting	DDOT	20,709
DDOT	CDT	Railroad Bridges	DDOT	10,340
DDOT	CE3	Bridge and Alley Maintenance	DDOT	5,292,553
DDOT	CEL	Alley Rehab	DDOT	10,000,000
DDOT	CG3	Greenspace Management	DDOT	11,614,391
DDOT	CI0	Traffic Signal Systems	DDOT	6,728
DDOT	CIR	Circulator Buses	DDOT	7,702,500
DDOT	CM0	DDOT Climate Change Change/Air Quality Plan	DDOT	7,478
DDOT	ED0	11th Street Bridge Park	DDOT	2,003,643
DDOT	ED3	Kennedy Street Streetscapes	DDOT	1,250,000
DDOT	EDL	DuPont Crown Park Infrastructure	DDOT	10,187,698
DDOT	EDS	Great Streets	DDOT	3,384,144
DDOT	EW0	11th Street Bridge	DDOT	158,304
DDOT	FLD	Prevention of Flooding in Bloomingdale	DDOT	2,000,000
DDOT	MNT	Road Maintenance	DDOT	2,318
DDOT	MRR	Major Rehabilitation, Reconstruction and Replacement	DDOT	42,019
DDOT	NPO	Non-Participating Highway Trust Fund Support	DDOT	4,481,447
DDOT	PED	Intra-District Econ for Pedestrian Bridge	DDOT	681,718
DDOT	PLU	Power Line Undergrounding	DDOT	4,636,000
DDOT	PM0	Materials Testing Lab	DDOT	2,300,000
DDOT	SA3	H St./Benning/K St. Streetcar Line	DDOT	36,011,922
DDOT	SR0	Streetscapes	DDOT	2,221,482
DDOT	SR3	Local Streets - Wards 1-8	DDOT	6,817,834
DDOT	TRF	Traffic Operations Center	DDOT	2,000,000
DDOT	TRL	Trails	DDOT	4,250,000
Total - District Department Of Transportation				171,131,105
WMATA	SA2	Metrobus	WMATA	5,514,686
WMATA	SA3	WMATA Fund - PRIIA	WMATA	67,297,766
WMATA	SA5	WMATA CIP Contribution	WMATA	90,526,000
WMATA	TOP	WMATA Project Development	WMATA	6,521,695
Total - Mass Transit Subsidies				169,860,147
DDOE	HMR	Hazardous Material Remediation - DDOE	DDOE	4,000,000
DDOE	K20	Inspections, Compliance and Enforcement IT System	OCTO	1,500,000
DDOE	SWM	Storm Water Project	DDOE	4,640,678
Total - District Department Of the Environmental				10,140,678
DPW	`EQ9	Heavy Equipment Acquisition - DPW	DPW	2,000,000
DPW	PS1	Blue Plains District Impound Lot	DPW	230,085
DPW	SW2	Benning Road Solid Waste Transfer	DPW	662,755
Total - Department of Public Works				2,892,841
DMV	RID	Secure Credentialing	DMV	1,009,267
Total - Department of Motor Vehicles				1,009,267
DBH	HX5	New Mental Health Hospital	DBH	637,540
DBH	XA5	Renovation SHE Buildings	DBH	7,100
Total - Department of Behavioral Science				644,640
OCTO	1BT	DC CAN	OCTO	662,006
OCTO	1SL	DC Firstnet (SLIGP)	OCTO	46,367
OCTO	N16	DC Wide Area Network (WAN)	OCTO	641,613
OCTO	N17	Cyber Security Modernization	OCTO	1,152,244
OCTO	N18	Data Center Facility Upgrade	OCTO	451,612
OCTO	N25	Data Center Relocation - GO Bond	OCTO	523,058
OCTO	N25	Server Consolidation - GO Bond	OCTO	500,000
OCTO	N31	CAPSTAT	OCTO	2,500,000
OCTO	N36	Pool for SMP Projects	OCTO	1,596,460
OCTO	N36	Transportation Infrastructure Modernization	OCTO	500,000
OCTO	N90	DC Government New Data Center Build-out	OCTO	3,500,000
OCTO	N91	DC Government Citywide IT Security Program	OCTO	2,000,000
OCTO	N92	Citywide Disk Based Backup Infrastructure	OCTO	445,022
OCTO	N93	Enterprise Computing Device Management	OCTO	700,000
OCTO	N95	DC.Gov Web Transformation	OCTO	1,491,560
OCTO	ZA1	DC GIS Capital Investment	OCTO	300,000
OCTO	ZB1	Enterprise Resource Planning	OCTO	2,610,617
OCTO	ZB2	Enterprise Integration Projects	OCTO	33,145
Total - Office of the Chief Technology Officer				19,653,704
OUC	PL4	Underground Commercial Power Feed to UCC	DGS	1,000,000
OUC	UC2	IT and Communications Upgrades	OUC	2,000,000
Total - Office of Unified Communications				3,000,000
Grand Total				1,092,763,726*

*Numbers may not sum up due to rounding.  

            (b) The capital projects listed in subsection (a) of this section have been authorized pursuant to section 446 of the District of Columbia Home Rule Act, approved December 24, 1973 (Pub. L. No. 93-198; 87 Stat. 801; D.C. Official Code § 1-204.46), the District of Columbia Appropriations Act, 2000, approved November 29, 1999 (Pub. L. No. 106-113; 113 Stat. 1501), the District of Columbia Appropriations Act, 2001, approved November 22, 2000 (Pub. L. No. 106-522; 114 Stat. 2457), the District of Columbia Appropriations Act, 2002, approved December 21, 2001 (Pub. L. No. 107-96; 115 Stat. 923), the District of Columbia Appropriations Act, 2003, approved February 20, 2003 (Pub. L. No. 108-7; 117 Stat. 11), the District of Columbia Appropriations Act, 2004, approved January 23, 2004 (Pub. L. No. 108-199; 118 Stat. 3), the District of Columbia Appropriations Act, 2005, approved October 18, 2004 (Pub. L. No. 108-335; 118 Stat. 1322), the District of Columbia Appropriations Act, 2006, approved November 30, 2005 (Pub. L. No 109-­115; 119 Stat. 2508), the Revised Continuing Appropriations Resolution, 2007, approved February 15, 2007 (Pub. L. No. 110-5; 121 Stat. 8), the Continuing Appropriations Resolution, 2008, approved September 29, 2007 (Pub. L. No. 110-92; 121 Stat. 989), the District of Columbia Appropriations Act, 2008, approved December 26, 2007 (Pub. L. No. 110-161; 121 Stat. 1990), the Continuing Appropriations Resolution, 2009, approved September 30, 2008 (Pub. L. No. 110-329; 122 Stat. 3574), the District of Columbia Appropriations Act, 2009, approved March 11, 2009 (Pub. L. No.111-8; 123 Stat. 524), the Continuing Appropriations Resolution, 2010, approved October 1, 2009 (Pub. L. No. 111-68; 123 Stat. 2023), the Further Continuing Appropriations Resolution, 2010, approved October 30, 2009 (Pub. L. No. 111-88; 123 Stat. 2904), the District of Columbia Appropriations Act, 2010, approved December 16, 2009 (Pub. L. No. 111-117; 123 Stat. 3034), as extended by the Department of Defense and Full-Year Continuing Appropriations Act, 2011, approved April 15, 2011 (Pub. L. No. 112-10; 125 Stat. 38), the District of Columbia Appropriations Act, 2012, approved December 23, 2011 (Pub. L. No.112-74, 125 Stat. 903); the Continuing Appropriations Resolution 2013, approved September 28, 2012 (Pub. L. No. 112-175; 126 Stat. 1313); the Consolidated and Further Continuing Appropriations Act, 2013, approved March 26, 2013 (Pub. L. No. 113-6; 127 Stat. 198); the Continuing Appropriations Act, 2014, approved October 17, 2013 (Pub. L. No. 113-46; 127 Stat 558); the Consolidated Appropriations Act, 2014, approved January 17, 2014 (Pub. L. No. 113-76; 128 Stat 5); the Continuing Appropriations Resolution, 2015, approved September 19, 2014 (Pub. L. No. 113-164; 128 Stat. 1867); and are capital projects for which the District of Columbia is authorized to incur indebtedness under the Bond Acts, and the Income Tax Bond Act.

(c) The Chief Financial Officer shall determine whether income tax secured revenue bonds or general obligation bonds will be issued to finance the capital projects listed in subsection (a) of this section.

 

Sec. 3. If the funds allocated to any agency pursuant to this resolution exceed the amount required by that agency to complete any authorized capital project listed in section 2(a) for that agency, the excess funds shall be made available to finance other capital projects approved by a prior or subsequent Council bond issuance resolution or act.

 

Sec. 4. Pursuant to sections 7 and 8 of the Bonds Acts, Section 2 of the Income Tax Bond Act, and other applicable law, the Council approves the execution and delivery by the Mayor, or the Chief Financial Officer, on behalf of the District, of any agreement, document, contract, and instrument (including any amendment of or supplement to any such agreement, document, contract, or instrument) in connection with the issuance, sale, and delivery of District of Columbia general obligation bonds or income tax secured revenue bonds pursuant to the Bond Acts or the Income Tax Bond Act.

 

Sec. 5. The Secretary to the Council shall submit a copy of this resolution, upon its adoption, to the Mayor.

 

Sec. 6. The Council adopts the fiscal impact statement in the committee report as the fiscal impact statement required by section 602(c)(3) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(3)).

 

            Sec. 7. This resolution shall take effect immediately.