(a)(1) The Council disapproves the exchange agreement between the District of Columbia and SW Land Holder, LLC dated May 23, 2014 (the "exchange agreement") and the amendment to the exchange agreement dated October 7, 2014.
(2) The Mayor is authorized to acquire Squares 605, 607, and 661 and the northwest portion of Lot 24 in Square 665 for market value at a cost not to exceed $88.9 million; provided, that the cost may exceed $88.9 million if in an eminent domain proceeding the court determines or an appraisal conducted by the District establishes a value for one or more properties that causes the cost to exceed $88.9 million.
(b) Notwithstanding subchapter I of Chapter 8 of this title, or other provision of law, the Council authorizes the Mayor to transfer Lot 82 in Square 559 to PEPCO in exchange for $15.8 million.
(c) The Mayor is not authorized to exchange or otherwise dispose of the Franklin D. Reeves Center, located on Lot 844 in Square 204, in conjunction with the assemblage of the soccer stadium site.
(d) The Mayor shall transmit to the Council any agreement to acquire any portion of Squares 605, 607, or 661, or the northwest portion of Lot 24 in Square 665 that requires the approval of the Council pursuant to § 1-204.51, not later than 30 days before the effective date of the agreement. Any such agreement shall be exempt from § 2-352.02(c).
(e) The Mayor may exercise eminent domain in accordance with the procedures set forth in subchapter II of Chapter 13 of Title 16 to acquire any portion of Squares 605, 607, or 661, or the northwest portion of Lot 24 in Square 665.
Effect of Amendments
The 2015 amendment by D.C. Law 21-36, in (a)(2), would have substituted “is authorized to acquire” for “shall acquire” and would have deleted “as described in the letter of intent between the District and Potomac Electric Power Company (“PEPCO”) dated December 27, 2013”; would have rewritten (d); and would have deleted “as described in the letter of intent between the District and PEPCO dated December 27, 2013” in (e).
Applicability of D.C. Law 20-233: Section 301 of D.C. Law 20-233 provided (1) that the act shall apply upon the date of inclusions of its fiscal effect in an approved budget and financial plan; (2) that the Chief Financial Officer shall certify the date of the inclusion of the fiscal effect in an approved budget and financial plan, and provide notice to the Budget Director of the Council of the certification; and (3) that the Budget Director shall cause the notice of the certification to be published in the District of Columbia Register and that the date of publication of the notice of the certification shall not affect the applicability of the act.
For temporary (90 days) addition of this section, see § 101 of the Soccer Stadium Development Emergency Amendment Act of 2014 (D.C. Act 20-557, Dec. 30, 2014, 62 DCR 448, 20 STAT 4467).
For temporary (90 days) amendment of this section, see § 2(c) of the Soccer Stadium Development Technical Clarification Emergency Amendment Act of 2015 (D.C. Act 21-59, May 8, 2015, 62 DCR 5962, 21 DCSTAT 1434).
For temporary (90 days) amendment of this section, see § 2182(c) of the Fiscal Year 2016 Budget Support Emergency Act of 2015 (D.C. Act 21-127, July 27, 2015, 62 DCR 10201).
For temporary (225 days) amendment of this section, see § 2(c) of the Soccer Stadium Development Technical Clarification Temporary Amendment Act of 2015 (D.C. Law 21-17, July 22, 2015, 62 DCR 6876).