Presentation on theme: "DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development 1100 4 th Street, S.W., Suite E500, Washington,"— Presentation transcript:
DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development th Street, S.W., Suite E500, Washington, D.C
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 Issuance Program 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.
Revenue Bond Timeline
Fiscal Year 2011 Revenue Bond Deals ClientsTypeAmount IssuedClosing DatePurpose Public Welfare Foundation (BQ) ModificationAssociation N/A11/1/2010Modification Closing St. John's College High School (BQ Structure)Education $ 19,000, /3/2010 Acquis./Renovation,New Constr/Refi NAEYC (Int Rate Conversion series 2006)Education N/A11/23/2010Modification /Conversion Appletree PCS (QSCB)Education $ 3,535, /23/2010 Acquisition/Renovation/Constru ction Shakespeare TheatreCultural $ 10,500, /30/2010Refinancing American Bus Association (Recovery Zone Facility Bonds)Association $ 3,995, /15/2010Acquisition and Revnovation Hospital for Sick Children ( Modification Conversion)Edcuation N/A12/17/2010Modification/Conversion United Negro College FundAssociation $ 26,000, /23/2010Aqui, Revo, Constr The Field School (Modification/Conversion)Education N/A12/23/2010Modification/Conversion Protestant Episcopal Cathedral Foundation (Modification/Conversion)AssociationN/A12/29/2010Modification/Conversion Sibley Memorial Hospital (Modification Conversion)Healthcare N/A12/29/2010Modification/Conversion Georgetown University 2010 (First Closing)Education $ 45,000, /29/2010Construction/Renovation Cesar Chavez PCSEducation $ 27,210, /2/2011Refinancing American Association for the Advancement of ScienceAssociation N/A3/24/2011Modification/Conversion St Collettas PCS ( Modification Conversion)Edcuation N/A4/1/2011Modification/Conversion Georgetown University 2010 ( balance left of $90mill resolution)Education $ 45,000, /7/2011Construction/Renovation German Marshall Fund of the United StatesAssociation $ 12,000, /21/2011Renovation Howard UniversityEducation $ 290,315, /27/2011 Refunding, Renovation, Construction Gallaudet UniversityEducation $ 40,000, /25/2011Renovation/Construction Center For Strategic & International StudiesAssociation $ 44,815, /16/2011Renovation/Construction Capitol Hill Day SchoolEducation $ 4,500, /21/2011Renovation Society for NeuroscienceAssociation N/A8/1/2011Modification/Conversion Association of American Medical CollegesAssociation $ 45,540, /31/2011Acqusition/Refi/Construction
Georgetown University 39 th & O Streets N.W Bond Issuance: $121,000,000
The Brookings Institution 1775 Massachusetts Ave, N.W Bond Issuance: $40,000,000
The Shakespeare Theatre 620 F Street, N.W Bond Issuance: $10,500,000
Gallaudet University 800 Florida Avenue, N.E Bond Issuance: $40,000,000
The End For additional information, my contact information is listed below: Gregory Johnson, Project Manager DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development th Street, S.W., Suite E500, Washington, DC