B 24-0575 — Gibbs School and Shaed School Leases Extension Authorization Temporary Act of 2021

ENGROSSEDENROLLED ORIGINAL AAN BILLACT 3_____________ 24-575 5 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 7___________________________ _______________ 9 To authorize, on ana temporary basis, the extension of the disposition of District-owned real property located at 500 19th Street, N.E.commonly known as the Gibbs School, and known for real property taxation and assessment purposes as Square 4531, Lot 0037 and the extension of the disposition of District-owned real property located at 200 Douglas Street, N.E., commonly known as the Shaed School, and known for real property taxation and assessment purposes as Square 3552, Lot 0816.

WashingtonBE D.C.,IT commonlyENACTED knownBY asTHE theCOUNCIL GibbsOF School,THE andDISTRICT knownOF forCOLUMBIA, realThat propertythis taxationact andmay assessmentbe purposescited as Squarethe 4531,“Gibbs LotSchool 37 and theShaed extensionSchool andLeases dispositionExtension ofAuthorization District-ownedTemporary realAct propertyof located2022”. at 200 Douglas Street, N.E.

Washington D.C., commonly known as the Shaed School, and known for real property taxation and assessment purposes as Square 3552, Lot 0816.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the “Gibbs School and Shaed School Leases Extension Authorization Temporary Act of 2021”.

1211:1211;

Official Code §10-801),§ 10-801), and section 2209 of the District of Columbia School Reform Act of 1995, approved April 26, 1996 (110 Stat.

1321;1321-244;

(1) The real property located at 500 19th Street N.E., commonly known as the Gibbs School, and known for real property taxation and assessment purposes as Square 4531, Lot 37,0037, by amending the existing lease with the Charter School Incubator Initiative, a District of ENGROSSED ORIGINAL Columbia non-profitnonprofit corporation, to extend the current 20-year lease term by 11 years, for a total of 31 years, and to provide a 25-year option to extend;

and (2) The real property located at 200 Douglas Street, N.E., Washington D.C., which is commonly known as the Shaed School, and known for real property taxation and assessment purposes as Square 3552, Lot 0816, by amending the existing lease with the Shaed School, LLC, a District of Columbia limited liability corporation, to extend the current 20-year lease term by 12 years, for a total of 32 years, and to provide a 25-year option to extend.

(b) The Council authorizes the Mayor to execute any ancillary documents that are necessary or desirable to effectuate the dispositions pursuant to subsection (a).(a) of this section.

ENROLLED ORIGINAL Sec.

Fiscal Impactimpact Statement.statement.

Effective Date.date.

(a) This act shall take effect following approval by the Mayor (or in the event of a 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 24, 1973 (87 Stat.

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

(b) This act shall expire after 225 days of its having taken effect.

______________________________ Chairman Council of the District of Columbia _________________________________ Mayor District of Columbia 2