D.C. Act 21-502. Extension of Time to Dispose of 1300 H Street, N.E., and Approval of Amended Term Sheet Emergency Amendment Act of 2016.

D.C. Act 21-502. Extension of Time to Dispose of 1300 H Street, N.E., and Approval of Amended Term Sheet Emergency Amendment Act of 2016.

AN ACT

To amend, on an emergency basis, An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes to extend the time in which the Mayor may dispose of certain District-owned real property commonly referred to as the R.L. Christian Community Library, located at 1300 H Street, N.E., known for tax and assessment purposes as Lots 97, 98, 99, 100, 101, 102, and 103 in Square 1026; and to approve an amendment to the term sheet for the disposition of the property.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Extension of Time to Dispose of 1300 H Street, N.E., and Approval of Amended Term Sheet Emergency Amendment Act of 2016".

Note § 10-801

Sec. 2. Section 1 of An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes, approved August 5, 1939 (53 Stat. 1211; D.C. Official Code § 10-801), is amended by adding a new subsection (d-8) to read as follows:

"(d-8) Notwithstanding subsection (d) of this section, the time period within which the Mayor may dispose of District-owned real property located at 1300 H Street, N.E., known for tax and assessment purposes as Lots 97, 98, 99, 100, 101, 102, and 103 in Square 1026 ("Property"), for the construction of a mixed-use residential and retail development pursuant to the 1300 H Street, N.E. Disposition Approval Resolution of 2014, effective September 23, 2014 (Res. 20-600; 61 DCR 10470), and section 3 of this Act, is extended to March 23, 2017.".

Sec. 3. (a) The Council approved the 1300 H Street, N.E. Disposition Approval Resolution of 2014, effective September 23, 2014 (Res. 20-600; 61 DCR 10470) ( "Resolution"), which was accompanied by a term sheet, dated November 27, 2013, that the Deputy Mayor for Planning and Economic Development and the proposed developer executed. The term sheet outlined certain terms and conditions for the disposition of real property located in Ward 6, known for tax and assessment purposes as Lots 97, 98, 99, 100, 101, 102, and 103 in Square 1026, and defined in section 2(4) of the Resolution as the "Property."

(b) Consistent with the intent of section 1(b-1)(6) of An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes, approved August 5, 1939 (53 Stat. 1211; D.C. Official Code § 10-801(b-1)(6)), the Mayor has submitted to the Council an amended term sheet, in redline form, that reflects certain changes in the manner in which the Property will be conveyed, the consideration to be paid, the development program, the schedule of performance, and the affordable housing requirements for the Project.

(c) The Council approves the amendments to the term sheet described in subsection (b) of this section.

Sec. 4. Fiscal impact statement.

The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

Sec. 5. Effective date.

This act shall take effect following approval by the Mayor (or in the event of veto by the Mayor, action by the Council to override the veto), and shall remain in effect for no longer than 90 days, as provided for emergency acts of the Council of the District of Columbia in section 412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat, 788; D.C. Official Code § 1-204.12(a)), and publication in the District of Columbia Register.