(a) There is created a TIF area designated as the Bryant Street TIF Area. The Bryant Street TIF Area is defined as follows:
Part of Record Lot 7 in Square 3629, District of Columbia, as the same is set forth on that certain Plat of Subdivision made May 29, 1984 by B andR Associates, a District of Columbia Limited Partnership, and recorded June 7, 1984 in Subdivision Book 175 at Page 143 among the Records of the Office of the Surveyor of the District of Columbia; said Lot 7 being the same land as conveyed to B and R Associates, a District of Columbia Limited Partnership, by Deed dated June 19, 1984 and Recorded July 3, 1984 as Instrument Number 2333 in the Office of the Recorder of Deeds of the District of Columbia; proposed Block 1-A being more particularly described as follows:
BEGINNING at a point on the easterly line of Lot 7 in Square 3629, being also the westerly line of former 7th Street, N.E.,as closed in Book 145, Page 11 among the Records of the Office of the Surveyor of the District of Columbia, said point lying North 19°24’00” East, 214.50 feet (computed) from the intersection of said westerly line of former 7th Street, N.E. and the northerly line of Rhode Island Avenue, N.E. (width varies); thence departing said former 7th Street, N.E. and running in, through, over and across said Lot 7 in Square 3629 so as to include a portion thereof
1) Due WEST 273.14 feet to a point; thence;
2) Due NORTH 93.60 feet to a point of curvature; thence;
3) 41.65 feet along the arc of a curve to the right, said curve having a radius of 41.00 feet, delta angle of 58°12’07”, tangent distance of 22.82 feet and a chord bearing and distance of North 29°06’04” East, 39.88 feet to a point of tangency; thence;
4) North 58°12’07” East, 20.98 feet to a point; thence;
5) Due WEST 71.78 feet to a point; thence;
6) Due NORTH, 36.88 feet to a point on the northerly line of aforementioned Lot 7 in Square 3629, being also the southerly line of Lot 803 in Square 3630; thence with said line;
7) Due EAST, 65.77 feet to a point; thence continuing with said northerly line of Lot 7 in Square 3629 and said southerly line of Lot 803, Square 3630, and thereafter with the southerly line of Lot 810 in Square 3636;
8) North 58°20’20” East, 503.52 feet to the southeasterly corner of said Lot 810 in Square 3636, said point being also the northeast corner of said Lot 7 in Square 3629 and also lying on the westerly line of the aforementioned former 7th Street N.E.; thence with said westerly line of former 7th Street, N.E. and with the easterly line of said Lot 7 in Square 3629;
9) South 18°23’00” West, 178.19 feet to a point; thence;
10) South 22°35’00” West, 71.35 feet (by computation) 71.27 feet (be deed) to a point; thence;
11) South 19°52’00” West, 159.17 feet to a point; thence;
12) North 81°21’30” West, 28.09 feet (by computation) to a point; thence; and
13) South 19°24’00” West, 63.85 feet (by computation) to the point and place of beginning, containing 102,619 square feet or 2.35581 acres of land.
Proposed Block 1-B:
Part of Record Lot 7 in Square 3629, District of Columbia, as the same is set forth on that certain Plat of Subdivision made May 29, 1984 by B andR Associates, a District of Columbia Limited Partnership, and recorded June 7, 1984 in Subdivision Book 175 at Page 143 among the Records of the Office of the Surveyor of the District of Columbia; said Lot 7 being the same land as conveyed to B andR Associates, a District of Columbia Limited Partnership, by Deed dated June 19, 1984 and Recorded July 3, 1984 as Instrument Number 2333 in the Office of the Recorder of Deeds of the District of Columbia; proposed Block 1-B being more particularly described as follows:
BEGINNING at the southeast corner of Lot 7 in Square 3629, being also the intersection of the westerly line of former 7th Street, N.E., as closed in Book 145, Page 11 among the Records of the Office of the Surveyor of the District of Columbia, and the northerly line of Rhode Island Avenue, N.E. (width varies); thence departing said former 7th Street, N.E. and running with said northerly line of Rhode Island Avenue, N.E.
1) South 65°57’00” West, 155.86 feet to a point; thence departing said northerly line of Rhode Island Avenue, N.E. and running in, through, over and across said Lot 7 in Square 3629 so as to include a portion thereof;
2) North 24°00’12” West, 91.14 feet to a point of curvature; thence;
3) 108.92 feet along the arc of a curve to the right, said curve having a radius of 260.00 feet, delta angle of 24°00’12”,tangent distance of 55.27 feet and a chord bearing and distance of North 12°00’06” West, 108.13 feet to a point of tangency; thence;
4) Due NORTH, 76.82 feet to a point; thence;
5) Due EAST, 273.14 feet to a point on the easterly line of aforementioned Lot 7 in Square 3629, being also the westerly line of the aforementioned former 7th Street N.E.; thence with said westerly line of former 7th Street, N.E. and with the easterly line of said Lot 7 in Square 3629; and
6) South 19°24’00” West, 214.50 feet (by computation) to the point and place of beginning, containing 52,164 square feet or 1.19752 acres of land.
Proposed Block 2-B:
Part of Record Lot 7 in Square 3629, District of Columbia, as the same is set forth on that certain Plat of Subdivision made May 29, 1984 by B and R Associates, a District of Columbia Limited Partnership, and recorded June 7, 1984 in Subdivision Book 175 at Page 143 among the Records of the Office of the Surveyor of the District of Columbia; said Lot 7 being the same land as conveyed to B and R Associates, a District of Columbia Limited Partnership, by Deed dated June 19, 1984 and Recorded July 3, 1984 as Instrument Number 2333 in the Office of the Recorder of Deeds of the District of Columbia; proposed Block 2-B being more particularly described as follows:
BEGINNING at a point on the northerly line of Lot 7 in Square 3629, being also the southerly line of Lot 808 in Square 3630, said point lying due EAST, 671.20 feet from the easterly line of 4th Street, N.E. (90 feet wide); thence running with said northerly line of Lot 7 in Square 3629 and said southerly line of Lot 808, Square 3630, and thereafter with the southerly line of Lot 803 in Square 3630
1) Due EAST, 174.23 feet to a point; thence running in, through, over and across said Lot 7 in Square 3629 so as to include a portion thereof;
2) Due SOUTH, 36.88 feet to a point; thence;
3) Due EAST, 71.78 feet to a point; thence;
4) South 58°12’07” West, 20.98 feet to a point of curvature; thence;
5) 41.65 feet along the arc of a curve to the left, said curve having a radius of 41.00 feet, delta angle of 58°12’07”, tangent distance of 22.82 feet and a chord bearing and distance of South 29°06’04” West, 39.88 feet to a point of tangency; thence;
6) Due SOUTH, 93.60 feet to a point; thence;
7) Due WEST, 130.44 feet to a point of curvature; thence;
8) 25.35 feet along the arc of a curve to the left, said curve having a radius of 61.00 feet, delta angle of 23°48’52”, tangent distance of 12.86 feet and a chord bearing and distance of South 78°05’34” West, 25.17 feet to a point of tangency; thence
9) South 66°11’08” West, 58.71 feet to a point, thence; and
10) Due NORTH, 205.28 feet to the point and place of beginning, containing 37,020 square feet or 0.84986 of an acre of land.
Proposed Block 5-B:
Part of Record Lot 7 in Square 3629, District of Columbia, as the same is set forth on that certain Plat of Subdivision made May 29, 1984 by B andR Associates, a District of Columbia Limited Partnership, and recorded June 7, 1984 in Subdivision Book 175 at Page 143 among the Records of the Office of the Surveyor of the District of Columbia; said Lot 7 being the same land as conveyed to B andR Associates, a District of Columbia Limited Partnership, by Deed dated June 19, 1984 and Recorded July 3, 1984 as Instrument Number 2333 in the Office of the Recorder of Deeds of the District of Columbia; AND part of Parcels 131/17, 131/37, 131/38, 131/190 and 131/213, being part of the same land as conveyed to MRP 600 RI, LLC by Deed Recorded January 1, 2016 as Instrument Number 3375 in the Office of the Recorder of Deeds of the District of Columbia; said part of Parcels 131/17, 131/37, 131/38, 131/190 and 131/213 being known for purposes of Assessment and Taxation at the date hereof, as Lots 813 and 814 in Square 3629, pursuant to Assessment and Taxation Plat 3732-D, recorded among said Records of the Office of the Surveyor, DC; proposed Block 5-B being more particularly described as follows:
BEGINNING at the southeast corner of Lot 814 in Square 3629, being also a point on the northerly line of Rhode Island Avenue, N.E. (width varies), said point lying South 65°57’00” West, 538.84 feet from the intersection of said northerly line of Rhode Island Avenue, N.E. with the westerly line of former 7th Street, N.E., as closed in Book 145, Page 11 among the Records of the Office of the Surveyor of the District of Columbia; thence running with said northerly line of Rhode Island Avenue, N.E. and with the southerly line of Lot 814 in Square 3629, and thereafter with the southerly line of Lot 813 in Square 3629
1) South 65°57’00” West, 177.30 feet to a point; thence departing said northerly line of Rhode Island Avenue, N.E. and running in, through, over and across aforementioned Lot 813 in Square 3629 and thereafter running in, through, over and across aforementioned Lot 7 in Square 3629 so as to include a portion of both lots thereof
2) North 23°48’52” West, 195.69 feet to a point; thence;
3) North 58°37’36” East, 172.88 feet to a point; thence;
4) South 31°19’30” East, 27.90 feet to a point on the property line of aforementioned Lot 7 in Square 3629 and the northerly line of aforementioned Lot 814 in Square 3629; thence with said line of Lots 7 and 814 in Square 3629;
5) North 58°40’30” East, 1.50 feet to the northeast corner of said Lot 814 in Square 3629; thence departing said line of said Lot 7 in Square 3629 and running with the easterly line of said Lot 814 in Square 3629; and
6) South 24°03’00” East, 190.25 feet (by computation) 190.19 feet (by deed) to the point and place of beginning, containing 36,529 square feet or 0.83859 of an acre of land.
(b) As provided under § 2-1217.37b, the Available Tax Increment from the Bryant Street TIF Area shall be deposited in the Bryant Street TIF Fund and may be used for the purposes set forth in § 2-1217.37b.
(c)(1) The base year for determination of Available Sales Tax Revenues from locations within the Bryant Street TIF Area shall be the tax year preceding the year in which this subpart becomes effective.
(2) The base year for determination of Available Real Property Tax Revenues shall be the tax year of the District preceding the year in which act becomes effective and the initial assessed value to be used in making the determination of Available Real Property Tax Revenues shall be the assessed value of each lot of taxable real property in the Bryant Street TIF Area for the preceding tax year in which this subpart becomes effective.
(d) The Bryant Street TIF Area shall terminate on the earlier of:
(1) December 31, 2043;
(2) The date on which the Bonds are paid in full or are defeased and are no longer outstanding; or
(3) March 1, 2020, if no Bonds are issued.
(Apr. 7, 2017, D.C. Law 21-262, § 4, 64 DCR 2097; Sept. 11, 2019, D.C. Law 23-16, § 2013(b), 66 DCR 8621.)
For temporary (90 days) amendment of this section, see § 2013(b) of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) amendment of this section, see § 2013(b) of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
For temporary (90 days) amendment of this section, see § 2(c) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
For temporary (225 days) amendment of this section, see § 2(c) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX - Tax Increment Financing
§ 2–1217.37b. Creation of the Bryant Street TIF Fund
§ 2–1217.37c. Creation of the Bryant Street TIF Area
§ 2–1217.37d. Bond authorization
§ 2–1217.37e. Payment and security
§ 2–1217.37g. Issuance of the Bonds
§ 2–1217.37h. Financing and Closing Documents
§ 2–1217.37i. Limited liability
§ 2–1217.37j. District officials
§ 2–1217.37k. Maintenance of documents
§ 2–1217.37l. Information reporting