4347848 Resolution 20-110, “Extension of Time to Dispose of Justice Park Property Emergency Declaration Resolution of 2013”

­­­A RESOLUTION

 

­­­­­­­­­­­­­­­20-110 

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

April 30, 2013

 

 

To declare the existence of an emergency with respect to the need to authorize an extension of time to dispose of District-owned real property located at 1421 Euclid Street, N.W., designated for taxation and assessment purposes as Lot 0811 in Square 2665.

 

            RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Extension of Time to Dispose of Justice Park Property Emergency Declaration Resolution of 2013”.

 

Sec. 2. (a) On April 5, 2011, the Council of the District of Columbia approved the Justice Park Property Disposition Approval Resolution of 2011, effective April 5, 2011 (Res. 19-77; 58 DCR 3199).

(b)  At the time, the Office of the Deputy Mayor for Planning and Economic Development (“DMPED”) and Euclid Community Partners (“Developer”) anticipated that the predevelopment phase of the project would be completed within the statutorily allotted 2- year period.   The Developer diligently sought financing for the project and was recently awarded 9% Low Income Housing Tax Credits by the District’s Department of Housing and Community Development.  Currently, all debt and equity funding have been identified, and the Developer has completed construction documents and is awaiting receipt of a building permit from the Department of Consumer and Regulatory Affairs.

(c) In addition to the building permit, the Developer must submit and obtain approval of the District's Environmental Impact Screening Form ("EISF") process.

(d)  Before the expiration of the 2- year period, DMPED submitted a resolution to the Council to extend the time period in which the Mayor may dispose of the Justice Park property to the Developer.

(e)  The Committee on Economic Development held a public hearing on the resolution on March 27, 2013 at the John A. Wilson Building to receive testimony regarding the proposed extension of the Mayor’s authority to dispose of the property. The community, the Council, and DMPED have been supportive of the project.

(f)  After the public hearing, the Council recessed, and the deadline to approve the disposition extension passed before the next legislative meeting. 

 (g)  The proposed legislation will extend the Mayor’s authority to dispose of Justice Park from April 5, 2013 to April 5, 2014 to allow the parties to meet the closing and predevelopment deadlines.

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 Extension of Time to Dispose of Justice Park Property Emergency Amendment Act of 2013 be adopted after a single reading.

 

            Sec. 4.  This resolution shall take effect immediately.