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Subtype/Description Value of Recipient Agency Ward Incentive · Subtype/Description Value of Incentive Ward Appendix I: Detailed Economic Development Budget by Incentive Type Recipient

Mar 20, 2020

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  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Expenditures on Contracts

    Cleveland Park Library Renovation

    $2,563,575 3DCPLnot specified

    General Improvements - Libraries

    $1,577,285 not specifiedDCPLnot specified

    Information Technology Modernization

    $345,000 not specifiedDCPLnot specified

    Lamont Riggs Library $2,950,000 5DCPLnot specified

    Martin Luther King Jr Memorial Library

    $20,000,000 2DCPLnot specified

    Southwest Library $3,550,000 6DCPLnot specified

    ADA Compliance $2,000,000 not specifiedDCPSnot specified

    Anne M. Goding ES $1,400,000 6DCPSnot specified

    Ballou SHS $11,309,000 8DCPSnot specified

    Boiler Repairs $2,000,000 not specifiedDCPSnot specified

    Brookland MS Modernization $8,000,000 5DCPSnot specified

    Coolidge Hish School Modernization

    $3,000,000 4DCPSnot specified

    DC Student Tracking & Reporting System

    $2,000,000 not specifiedDCPSnot specified

    DCPS IT Infrastructure Upgrade $4,500,000 not specifiedDCPSnot specified

    Ellington Modernization / Renovation

    $83,600,000 2DCPSnot specified

    ES/MS Modernization Capital Labor Program

    $5,340,256 not specifiedDCPSnot specified

    Francis/Stevens ES Modernization

    $2,500,000 2DCPSnot specified

    Garrison ES Modernization $16,000,000 2DCPSnot specified

    General Miscellaneous Repairs $5,879,250 not specifiedDCPSnot specified

    Hearst ES Modernization / Renovation

    $14,500,000 3DCPSnot specified

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 1 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Expenditures on Contracts

    High School Labor - Program Management

    $6,971,511 not specifiedDCPSnot specified

    Kramer MS Modernization / Renovation

    $9,000,000 8DCPSnot specified

    Lafayette ES Modernization / Renovation

    $20,341,000 4DCPSnot specified

    Langdon ES Modernization $6,692,000 5DCPSnot specified

    Life Safety $1,000,000 not specifiedDCPSnot specified

    Major Repairs/Maintenance $8,379,250 not specifiedDCPSnot specified

    Mann ES Modernization / Renovation

    $5,500,000 3DCPSnot specified

    Murch ES Modernization $6,638,774 3DCPSnot specified

    Orr ES Modernization / Renovation

    $3,000,000 8DCPSnot specified

    Powell ES Modernization $9,909,000 4DCPSnot specified

    Project Management / Professional Fees

    $933,000 not specifiedDCPSnot specified

    River Terrace Special Education Center

    $17,626,000 7DCPSnot specified

    Roof Repairs $1,963,000 not specifiedDCPSnot specified

    Roosevelt HS Modernization $75,870,000 4DCPSnot specified

    Rose/Reno School Small Cap Project

    $3,401,000 3DCPSnot specified

    Selective Additions / New Construction Labor

    $1,282,000 not specifiedDCPSnot specified

    Shepherd ES Modernization / Renovation

    $8,167,000 4DCPSnot specified

    Special Education Classrooms $1,009,000 not specifiedDCPSnot specified

    Spingarn Career and Technical Education

    $31,521,000 5DCPSnot specified

    Stabilization Capital Labor - Program Mgmt

    $426,256 not specifiedDCPSnot specified

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 2 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Expenditures on Contracts

    Stanton ES Modernization /Renovation

    $6,000,000 8DCPSnot specified

    Van Ness ES Modernization $15,000,000 6DCPSnot specified

    Window Replacement $613,000 not specifiedDCPSnot specified

    Development Finance Division $14,195,460 not specifiedDHCDnot specified

    Neighborhood-based Activities $300,000 not specifiedDHCDnot specified

    Property Acquisition & Disposition

    $1,551,147 not specifiedDHCDnot specified

    New East-End Medical Center $35,876,000 8DHCFnot specified

    Bank On Project $50,000 not specifiedDMPEDnot specified

    Barry Farm, Park Chester Wade Road

    $2,000,000 8DMPEDnot specified

    Bond Counsel Legal Services $200,000 not specifiedDMPEDnot specified

    Business Development Support $1,102,500 not specifiedDMPEDnot specified

    Davis-Bacon Monitoring Services

    $200,000 not specifiedDMPEDCHW Solutions Inc.

    Financial and technical support $902,022 not specifiedDMPEDnot specified

    Human Capital (New Communities)

    $3,000,000 not specifiedDMPEDnot specified

    Local Business Promotion $350,000 not specifiedDMPEDnot specified

    McMillan Site Redevelopment $4,000,000 5DMPEDnot specified

    New Communities $37,000,000 not specifiedDMPEDnot specified

    Skyland Clean Team $100,000 7DMPEDnot specified

    St. Elizabeths East Infrastructure

    $8,500,000 8DMPEDnot specified

    St. Elizabeths Gateway Pavillion

    $2,500,000 8DMPEDnot specified

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 3 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Expenditures on Contracts

    Walter Reed Redevelopment $1,300,000 4DMPEDnot specified

    WASA New Facility $9,000,000 6DMPEDForest City

    West End project $1,000,000 2DMPEDEast Banc/WDC Partners

    Access to Capital $1,137,518 not specifiedDSLBDnot specified

    Business Development $35,800 not specifiedDSLBDnot specified

    Capacity Building $35,800 not specifiedDSLBDnot specified

    Capital Acquisition $35,800 not specifiedDSLBDnot specified

    Procurement Tech Assistance $114,612 not specifiedDSLBDnot specified

    Technology and Innovation $130,000 not specifiedDSLBDnot specified

    Trade and Export $45,860 not specifiedDSLBDnot specified

    Marketing and Promotions; Community Outreach

    $86,693 not specifiedFilm DCnot specified

    Production Support $123,397 not specifiedFilm DCnot specified

    Total Expenditures on Contracts Total $559,129,766

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 4 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Grants

    Community Services Commercial Revitalization

    $2,390,407 not specifiedDHCDnot specified

    Development Finance Division $95,444,161 not specifiedDHCDnot specified

    Neighborhood-based Activities $5,908,750 not specifiedDHCDnot specified

    Property Acquisition & Disposition

    $3,807,458 not specifiedDHCDnot specified

    Citywide Economic Development Initiatives

    $1,200,000 not specifiedDMPEDWashington DC Economic Partnership

    Community Dev. Block Grants $1,800,000 not specifiedDMPEDnot specified

    Earned Income Tax Credit Outreach

    $400,000 not specifiedDMPEDnot specified

    Economic Development Financing (Fort Lincoln)

    $3,353,592 5DMPEDFort Lincoln New Town

    Great Streets grant program $10,000,000 not specifiedDMPEDnot specified

    Miscellaneous initiatives $100,000 not specifiedDMPEDnot specified

    Workforce Intermediary $1,257,743 not specifiedDMPEDnot specified

    Workforce Investment Council office support

    $40,222 not specifiedDMPEDWorkforce Investment Council

    Employer Services $639,563 not specifiedDOESnot specified

    Local Adult Training $6,709,091 not specifiedDOESnot specified

    Mayor's Youth Leadership Program

    $244,207 not specifiedDOESnot specified

    Office of Apprenticeship Info & Training

    $14,000 not specifiedDOESnot specified

    One-Stop Operations $1,729,479 not specifiedDOESnot specified

    Senior Services $809,448 not specifiedDOESnot specified

    Statewide Activities $660,038 not specifiedDOESnot specified

    Summer Youth Employment Program

    $9,695,598 not specifiedDOESnot specified

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 5 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Grants

    Transitional Employment $6,508,093 not specifiedDOESnot specified

    Year-round Youth Program $5,617,817 not specifiedDOESnot specified

    Commercial Clean Teams $1,530,000 not specifiedDSLBDnot specified

    Healthy Food Programs $200,000 not specifiedDSLBDnot specified

    Main Streets $850,000 not specifiedDSLBDnot specified

    Marketing and Promotions $1,271,078 not specifiedFilm DCnot specified

    Waterfront Park Maintenance Fund

    $461,214 6Misc. FundsCapitol Riverfront BID

    Total Grants Total $162,641,959

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 6 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    PILOT Debt Service

    Excess PILOT revenues net of refund (Note 1)

    $823,239 not specifiedMisc. Fundsnot specified

    Rhode Island Metro Plaza $611,949 5Misc. FundsUrban Atlantic

    Southeast Federal Center PILOT Debt to be Issued

    $2,698,953 6Misc. FundsForest City

    US DOT PILOT- Anacostia Waterfront Projects

    $10,547,557 6Misc. FundsBondholders

    Total PILOT Debt Service Total $14,681,698

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 7 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Revenue Bond Debt Service

    Housing Production Trust Fund Bond Debt Service

    $7,822,389 not specifiedDHCDBondholders

    Ballpark Revenue Debt Service $33,400,000 6Misc. FundsBondholders

    Convention Center Debt Service $32,957,675 2Misc. FundsBondholders

    Total Revenue Bond Debt Service Total $74,180,064

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 8 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Abatements*

    14W and the YMCA Anthony Bowen Project

    $578,547 1(None - Tax Expenditure)

    Perseus Realty LLC

    2323 Pennsylvania Ave SE Redevelopment Project

    $93,158 7(None - Tax Expenditure)

    Chapman Development

    Adams Morgan Hotel (Note 2) $0 1(None - Tax Expenditure)

    First Church of Christ, Scientist/ Beztak Props.

    Eckington One $1,217,929 5(None - Tax Expenditure)

    NoMA West Residential I LLC

    GALA Hispanic Theatre $45,561 1(None - Tax Expenditure)

    Gala Hispanic Theatre

    Georgia Commons $183,000 4(None - Tax Expenditure)

    Jair Lynch/AHD

    High Tech. Comm. Real Estate Database Providers

    $700,000 2(None - Tax Expenditure)

    CoStar

    National Public Radio, Inc. $4,040,077 6(None - Tax Expenditure)

    National Public Radio

    New Residential Development: 1117 10th St NW

    $211,744 2(None - Tax Expenditure)

    185 Individual Owners

    New Residential Development: 1150 K St NW

    $115,173 2(None - Tax Expenditure)

    130 Individual Owners

    New Residential Development: 1400 N St NW

    $136,120 2(None - Tax Expenditure)

    National City Christian Church/B&D

    New Residential Development: 631 D St NW

    $428,343 2(None - Tax Expenditure)

    428 Individual Owners

    New Residential Development: 912 F St NW

    $79,278 2(None - Tax Expenditure)

    62 Individual Owners

    New Residential Development: K St NW (Square 516)

    $307,775 6(None - Tax Expenditure)

    Quadrangle Development

    NOMA Area Residential Tax Abatement

    $356,805 6(None - Tax Expenditure)

    The Cohen Companies

    NOMA Area Residential Tax Abatements

    $903,667 6(None - Tax Expenditure)

    CS Residential

    NOMA Area Residential Tax Abatements

    $515,327 6(None - Tax Expenditure)

    CK MRP Washington

    NOMA Area Residential Tax Abatements

    $459,971 6(None - Tax Expenditure)

    Camden Living

    NOMA Area Residential Tax Abatements

    $1,496,789 6(None - Tax Expenditure)

    Archstone

    NOMA Area Residential Tax Abatements

    $843,258 6(None - Tax Expenditure)

    unspecified

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 9 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Abatements*

    NOMA Area Residential Tax Abatements

    $424,185 6(None - Tax Expenditure)

    JBG

    Nonprofit Tax Abatement: American Iron & Steel Institute

    $109,968 6(None - Tax Expenditure)

    American Iron and Steel Institute

    Nonprofit Tax Abatement: Case Western Reserve University

    $43,200 6(None - Tax Expenditure)

    Case Western Reserve University

    Park Place at Petworth $165,215 4(None - Tax Expenditure)

    CJUF II Petworth LLC

    Pew Charitable Trusts $1,004,667 2(None - Tax Expenditure)

    Pew Charitable Trusts

    Qualified High Tech Companies Real Property (Note 4)

    $36,000 not specified(None - Tax Expenditure)

    not specified

    Total Tax Abatements* Total $14,495,757

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 10 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Credits

    Certified capital investment - CAPCO(Note 4)

    $2,859,000 not specified(None - Tax Expenditure)

    Not Specified

    Qualified High Tech Companies Business Income (Note 4)

    $16,777,000 not specified(None - Tax Expenditure)

    not specified

    Social E-Commerce Job Creation Act (Note 2)

    $0 2(None - Tax Expenditure)

    Living Social

    Total Tax Credits Total $19,636,000

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 11 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Exemptions*

    4100 Georgia Ave $213,656 4(None - Tax Expenditure)

    4100 Georgia Avenue LP

    4427 Hayes Street, N.E. $19,266 7(None - Tax Expenditure)

    Blue Skye Development LLC

    800 Kenilworth Avenue Northeast Redevelopment

    $146,213 7(None - Tax Expenditure)

    Chapman Development LLC

    Affordable Housing Opportunities, Inc. Project

    $33,708 8(None - Tax Expenditure)

    Affordable Housing Opportunities

    Allen Chapel AME Church Senior Residences

    $221,383 8(None - Tax Expenditure)

    Allen Chapel AME Church

    American College of Cardiology $1,212,027 2(None - Tax Expenditure)

    American College of Cardiology

    American Psychological Association

    $1,682,888 6(None - Tax Expenditure)

    APA 750 LLC

    Beulah Baptist Church $99,638 7(None - Tax Expenditure)

    Beulah Baptist Church Of Deanwood Heights

    Campbell Heights Project $221,574 1(None - Tax Expenditure)

    Paul Laurence Dunbar Apts LP

    Carver Low-Income & Senior Housing

    $136,520 7(None - Tax Expenditure)

    Carver 2000 Tenants Association

    Center Leg Freeway PILOT $57,337 6(None - Tax Expenditure)

    Louis Dreyfus Property Group

    Douglass Knoll, 1728 W Street and Wagner Gainsville

    $141,453 8(None - Tax Expenditure)

    Non-Profit Community Develop Corp

    Gateway Market Center (Note 2)

    $0 4(None - Tax Expenditure)

    Sang Oh Development, LLC

    Golden Rule Rehabiliation Project

    $371,894 6(None - Tax Expenditure)

    Golden Rule Place, Inc.

    Heights on Georgia Avenue $170,000 1(None - Tax Expenditure)

    Neighborhood Development Corp.

    Highland Park $504,356 1(None - Tax Expenditure)

    Donatelli

    International House of Pancakes Restaurant

    $39,855 8(None - Tax Expenditure)

    not specified

    Jubilee Housing Residential Rental Project

    $231,509 1(None - Tax Expenditure)

    Jubilee Housing

    Kelsey Gardens Redevelopment Project

    $376,874 6(None - Tax Expenditure)

    Metropolitan Develop. /Deliverance Church

    King Towers Residential HousingRental Project

    $220,436 2(None - Tax Expenditure)

    King Housing LLC

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 12 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Exemptions*

    National Community Reinvestment Coalition

    $245,741 2(None - Tax Expenditure)

    National Cmty Reinvestment Coalition

    New Columbia Community Land Trust

    $1,967 5(None - Tax Expenditure)

    New Columbia Cmty Land Trust

    Newseum $4,865,861 2(None - Tax Expenditure)

    Freedom Forum

    Nonprofit Affordable Housing Developer Tax Relief Act (Note

    $455,000 not specified(None - Tax Expenditure)

    Not Specified

    Parkside Terrace Development Project

    $178,179 7(None - Tax Expenditure)

    Parkside Terrace Development LLC

    Qualified High Tech Companies Sales & Pers. Prop. (Note 4)

    $986,000 not specified(None - Tax Expenditure)

    not specified

    Qualified Supermarket: Aldi $120,949 5(None - Tax Expenditure)

    Aldi Inc Maryland

    Qualified Supermarket: Costco $346,947 5(None - Tax Expenditure)

    Costco Wholesale Corporation

    Qualified Supermarket: Fairlawn Market

    $27,079 7(None - Tax Expenditure)

    2300 Pennsylvania Ave LLC

    Qualified Supermarket: Giant Columbia Hts

    $311,242 1(None - Tax Expenditure)

    Ahold USA

    Qualified Supermarket: Giant H St NE

    $173,339 6(None - Tax Expenditure)

    Ahold USA

    Qualified Supermarket: Harris Teeter Kalorama Rd

    $229,726 1(None - Tax Expenditure)

    Harris Teeter

    Qualified Supermarket: Harris Teeter NOMA

    $393,309 6(None - Tax Expenditure)

    Harris Teeter

    Qualified Supermarket: Harris Teeter Potomac Ave

    $549,084 6(None - Tax Expenditure)

    Harris Teeter

    Qualified Supermarket: Safeway 14th St SE

    $287,559 6(None - Tax Expenditure)

    Safeway Inc.

    Qualified Supermarket: Safeway City Vista

    $338,505 6(None - Tax Expenditure)

    Safeway Inc.

    Qualified Supermarket: Safeway Columbia Rd

    $144,468 1(None - Tax Expenditure)

    Safeway Inc.

    Qualified Supermarket: Safeway Corcoran St

    $103,292 2(None - Tax Expenditure)

    Safeway

    Qualified Supermarket: Safeway Georgia Ave

    $191,136 4(None - Tax Expenditure)

    Safeway Inc.

    Qualified Supermarket: Yes Organic

    $35,535 5(None - Tax Expenditure)

    Kathryn Rachels

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 13 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    Tax Exemptions*

    Qualified Supermarket: Yes Organic

    $21,931 4(None - Tax Expenditure)

    Cha Partnership LP

    Qualified Supermarket: Yes Organic

    $41,439 1(None - Tax Expenditure)

    PNH Union Row Retail LLC

    Qualified Supermarkets - Personal Property and Sales

    $1,161,000 not specified(None - Tax Expenditure)

    not specified

    Randall School Development $498,602 6(None - Tax Expenditure)

    Corcoran Gallery

    Samuel J Simmons NCBA Estates No. 1 L.P.

    $337,474 1(None - Tax Expenditure)

    Samuel J Simmons NCBA Estates

    SOME, Inc. & Affiliates $136,984 5(None - Tax Expenditure)

    Affordable Housing Opportunities, Inc.

    St. Martin's Apartments $446,672 5(None - Tax Expenditure)

    Catholic Charities

    Studio Theatre Housing $30,194 2(None - Tax Expenditure)

    Studio Theatre

    Third & H Streets, N.E. Development Project

    $725,836 6(None - Tax Expenditure)

    Steuart Development

    United House of Prayer for All People

    $583,165 not specified(None - Tax Expenditure)

    United House of Prayer for All People

    United Negro College Fund Inc. $383,685 1(None - Tax Expenditure)

    UNCF

    View 14 Project $829,754 1(None - Tax Expenditure)

    View 14 Investments LLC

    Way of the Cross Church of Christ

    $13,890 8(None - Tax Expenditure)

    Way of the Cross Church of Christ Inc

    Wayne Place Senior Living $49,940 8(None - Tax Expenditure)

    not specified

    Total Tax Exemptions* Total $21,346,071

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 14 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    TIF Debt Service

    City Market at O Street $1,877,000 6Misc. FundsBondholders

    Clydes - Downtown Retail $587,360 2Misc. FundsClydes Management, Inc.

    Convention Center Hotel TIF $13,055,400 2Misc. FundsBondholders

    Crime & Punishment Museum - Downtown Retail

    $390,695 2Misc. FundsNational Museum of Crime & Punishment

    Excess TIF Revenues net of refund (Note 1)

    $9,569,976 not specifiedMisc. Fundsnot specified

    Forever 21 $670,141 2Misc. FundsJemal's Cayre Woodies

    Fort Lincoln Retail $1,298,100 5Misc. FundsFort Lincoln Retail LLC

    Gallery Place $4,312,500 2Misc. FundsBondholders

    Georgia Ave CVS $136,430 4Misc. FundsPetworth Triangle LLC (Lakritz/Adler)

    Howard Theatre $514,466 1Misc. FundsHoward Theatre Restoration Co.

    Madame Tussauds LLC $162,220 2Misc. FundsMadame Tussauds Washington

    Mandarin Oriental Hotel $4,509,100 6Misc. FundsBondholders

    Skyland (Note 3) $2,240,000 7Misc. FundsRappaport/W.C. Smith

    Verizon Center Renovation $3,481,162 2Misc. FundsDC Arena, LP

    Total TIF Debt Service Total $42,804,550

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 15 of 16 in Appendix I

  • Method of Expenditure

    of Public Funds

    Subtype/Description Value of Incentive

    Ward

    Appendix I: Detailed Economic Development Budget by Incentive Type

    AgencyRecipient

    $908,915,864Grand Total all Incentive Types

    Notes

    * Estimated value of tax abatements and exemptions based on information currently available. The final determination of abatement or exemption granted is made by the Office of Tax and Revenue subject to eligibility requirements, in accordance with applicable DC Code provision, and may differ from the estimate shown here.

    1. Bond documents for certain TIF and PILOT projects require all project-based tax increment (or PILOT) to pre-pay principal on outstanding debt or be reserved for future debt service.

    2. The project is designated for a future tax abatement, exemption, or credit; conditions for receiving such abatement or exemption are not expected to be reached during FY15.

    3. Payments due on these bonds will be paid during FY15 from a capitalized interest account funded at bond issuance.

    4. Value as estimated by Office of Revenue Analysis.

    District of Columbia Unified Economic Development Report on Proposed FY15 Budget

    Page 16 of 16 in Appendix I

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