DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic...
-
Upload
chastity-briggs -
Category
Documents
-
view
217 -
download
2
Transcript of DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic...
DC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, D.C. 20024202.727.6365www.dcbiz.dc.gov
What is the Revenue Bond/Enterprise Zone Program?
The District of Columbia Revenue Bond Program provides below market interest rate loans to help lower the cost of funds available for capital projects.
These bonds are used to finance a wide variety of projects including: health care, housing, transit and utility facilities, recreational facilities, health facilities, manufacturing, sports, convention and entertainment facilities, elementary, secondary, college, and university facilities, student loan programs, pollution control facilities, and industrial and commercial development.
Bond IssuanceProgram funds are generated through the issuance and sale of
District of Columbia revenue bonds, notes, or other obligations.
Proceeds from the sale of tax-exempt issuances may be used to finance, refinance and reimburse costs of acquiring, constructing, restoring, rehabilitating, expanding, improving, equipping and furnishing real property and related and subordinate facilities.
Limitations may apply to the use of bond proceeds for the acquisition of land and the purchase of existing property, depending on the location of the site and the type of applicant.
1
APPLICANTCompleted Application
2
IRB PROGRAM
3
DC Agencies
3
Bond & OAG
5
CLOSING
4
Council Approval
4
TEFRA Hearing
3
Legal and Finance Working Group Sessions
10 Days 20 Days 15 Days 15 Days
Transmit Application Regulatory Reviews
Public Hearing Notice
Legal Reviews
Procurement/Set Schedule
Transmit Application
Revenue Bond Timeline
Fiscal Year 2011 Revenue Bond Deals
Clients Type Amount Issued Closing Date Purpose
Public Welfare Foundation (BQ) Modification Association N/A 11/1/2010 Modification Closing
St. John's College High School (BQ Structure) Education $ 19,000,000.00 11/3/2010Acquis./Renovation,New Constr/Refi
NAEYC (Int Rate Conversion series 2006) Education N/A 11/23/2010 Modification /Conversion
Appletree PCS (QSCB) Education $ 3,535,000.00 11/23/2010Acquisition/Renovation/Construction
Shakespeare Theatre Cultural $ 10,500,000.00 11/30/2010 Refinancing
American Bus Association (Recovery Zone Facility Bonds) Association $ 3,995,000.00 12/15/2010 Acquisition and Revnovation
Hospital for Sick Children ( Modification Conversion) Edcuation N/A 12/17/2010 Modification/Conversion
United Negro College Fund Association $ 26,000,000.00 12/23/2010 Aqui, Revo, Constr
The Field School (Modification/Conversion) Education N/A 12/23/2010 Modification/Conversion
Protestant Episcopal Cathedral Foundation (Modification/Conversion) Association N/A 12/29/2010 Modification/Conversion
Sibley Memorial Hospital (Modification Conversion) Healthcare N/A 12/29/2010 Modification/Conversion
Georgetown University 2010 (First Closing) Education $ 45,000,000.00 12/29/2010 Construction/Renovation
Cesar Chavez PCS Education $ 27,210,000.00 3/2/2011 Refinancing
American Association for the Advancement of Science Association N/A 3/24/2011 Modification/Conversion
St Collettas PCS ( Modification Conversion) Edcuation N/A 4/1/2011 Modification/Conversion
Georgetown University 2010 ( balance left of $90mill resolution) Education $ 45,000,000.00 4/7/2011 Construction/Renovation
German Marshall Fund of the United States Association $ 12,000,000.00 4/21/2011 Renovation
Howard University Education $ 290,315,000.00 4/27/2011Refunding, Renovation, Construction
Gallaudet University Education $ 40,000,000.00 5/25/2011 Renovation/Construction
Center For Strategic & International Studies Association $ 44,815,000.00 6/16/2011 Renovation/Construction
Capitol Hill Day School Education $ 4,500,000.00 7/21/2011 Renovation
Society for Neuroscience Association N/A 8/1/2011 Modification/Conversion
Association of American Medical Colleges Association $ 45,540,000.00 8/31/2011 Acqusition/Refi/Construction
1329 Kenilworth Ave
1329 Kenilworth Ave., N.E.
2004 Bond Issuance: $2,800,000
John F. Kennedy Center for the Performing Arts
New Hampshire Ave. and F Streets, N.W.
2008 Bond Issuance: $30,700,000
Children’s Hospital
111 Michigan Ave., N.W.
2008 Bond Issuance: $250,000,000
American Society of Hematology
1900 M Street, N.W.
2008 Bond Issuance: $33,965,000
E.L. Haynes PCS
3600 Georgia Avenue, N.W.
2008 Bond Issuance: $1,510,000
Georgetown University
39th & O Streets N.W.
2009 Bond Issuance: $121,000,000
The Brookings Institution
1775 Massachusetts Ave, N.W.
2009 Bond Issuance: $40,000,000
The Shakespeare Theatre
620 F Street, N.W.
2011 Bond Issuance: $10,500,000
Gallaudet University
800 Florida Avenue, N.E.
2011 Bond Issuance: $40,000,000
The End
For additional information, my contact information is listed below:
Gregory Johnson, Project ManagerDC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, DC [email protected]