B 23-0403 — MLK Gateway Real Property Tax Abatement Amendment Act of 2019

ENGROSSEDENROLLED ORIGINAL AAN BILLACT 3________________ 23-403 5 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 7 ________________________ 9 To amend Chapter 46 of Title 47 of the District of Columbia Official Code to provide an abatement of real property taxes for property located at 1201-1215 Good Hope Road, S.E., and known for tax and assessment purposes as Lots 1017, 847, 867, 866, and 864 in Square 5769.

ENGROSSED ORIGINAL “(2) “CBE Act” means the Small and Certified Enterprise Development and Assistance Act of 2005, effective October 20, 2005 (D.C.

Official Code § 2-218.012- 218.01 et seq.).

Official Code § 2-219.03),2- 219.03), and Mayor’s Order 83-265, dated November 9, 1983, regarding job creation and employment generated as a result of the construction on the Property.

ENROLLED ORIGINAL “(5) “Project” means a mixed-use commercial project, including renovating the historic storefronts, new office and retail space, and any ancillary uses allowed under applicable law.

ENGROSSED ORIGINAL “(b)(1) Beginning with the tax year immediately following Beginning with the tax year during which a certificate of occupancy (whether temporary or final) is issued authorizing Enlightened Inc., or another locally owned and operated business with employees in the District of Columbia approved by the Mayor, any use of the Property, the tax imposed by Chapter 8 of this title on the Property, subject to funding, shall be abated for 15 real property tax years;years.

provided,The that the total amount of the abatement shall not exceed $3 million.

“(2) The Project shall be exempt from recordation taxation imposed pursuant to Chapter 11 of Title 42.

“(3) The Project shall be exempt from transfer taxes imposed pursuant to Chapter 9 of this title.

“(4)“(3) Notwithstanding paragraph (1) of this subsection, in no case shall the abatement provided in paragraph (1) of this subsection begin before October 1, 2020.

“(1) Developer shall maintain a lease agreement with Enlightened Inc., or another locally owned and operated business with employees in the District of Columbia ENGROSSED ORIGINAL approved by the Mayor, for approximately 20,000 square feet of office space within the Project.

ENGROSSEDENROLLED ORIGINAL “(2) If at any time the Mayor determines that the Property has become ineligible for the abatement provided pursuant to this section, the Mayor shall notify the Office of Tax and Revenue and shall specify the date that the Property became ineligible.

ENGROSSED ORIGINAL The Council adopts the fiscal impact in the committee report as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat.

This act shall take effect following approval of the Mayor (or, in the event of veto by the Mayor, action by the Council to override the veto), a 30-day period of congressional review as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December ENROLLED ORIGINAL 24, 1973 (87 Stat.

Official Code § 1-1-206.02(c)(1)), 206.02(c)(1)), and publication in the District of Columbia Register.

______________________________ Chairman Council of the District of Columbia _________________________________ Mayor District of Columbia 4