Chairman Linda W. Cropp
at the request of the Mayor
A PROPOSED RESOLUTION IN THE COUNCIL OF THE DISTRICT OF
COLUMBIA
Chairman Linda W. Cropp, at the request of the Mayor, introduced the following
resolution, which was referred to the Committee on Economic Development.
To approve the negotiated Land Disposition Agreement (Sales Contract for Lots 90, 91,
92, 105, and 106 and air rights over Lot 125 and Lease Agreement for Lot 125) for the
disposition of property (Lots 90, 91, 92, 105, 106 and 125) located in Square 2560, to
Adams Morgan Development Limited Partnership.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, that this resolution may be cited
as the "Disposition of Lots 90, 91, 92, 105, 106, and 125 in Square 2560 to Adams
Morgan Development Limited Partnership Approval Resolution of 1998."
Sec. 2. The Council of the District of Columbia has reviewed and approved the proposed
Land Disposition Agreement concerning the lease and sale of Lots 90, 91, 92, 105, 106, and
125 in Square 2560 by the Department of Housing and Community Development to the Adams
Morgan Development Company Limited Partnership.
Sec. 3. The Secretary to the Council of the District of Columbia shall transmit a copy
of this resolution, upon its adoption, to the Mayor of the District of Columbia.
Sec. 4. This resolution shall take effect immediately.
DISTRICT OF COLUMBIA
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
PROJECT PROPOSAL SUMMARY
FOR
A PROPOSAL (LAND DISPOSITION AGREEMENT) TO SELL PROPERTY LOCATED IN SQUARE
2560 (LOTS 90, 91, 92, 105, 106 AND AIR RIGHTS OVER LOT 125) AND LEASE PROPERTY LOCATED IN
SQUARE 2560, LOT 125, BETWEEN 18TH STREET, COLUMBIA ROAD, CHAMPLAIN STREET, AND KALORAMA
ROAD, IN NORTHWEST.
I. DESCRIPTION OF PROPERTY
- SQUARE 2560, LOTS 90, 91, 92, 105, 106, AND 125
- WARD 1
- SIZE 46,573
- ZONING C-2-B AND RC/C-2-B
- VALUE $3,300,000
II. DESCRIPTION OF PROPOSAL
Adams Morgan Development Company proposed to acquire Lots 90, 91, 92, 105, 106 and the
air rights over Lot 125 and to lease for 40 years Lot 125 for the purpose of building a
mixed-use development consisting of a 350 space public parking garage (entered from 18th
Street, N.W.) approximately 70 market rate condominium apartments and 4,400 square feet of
retail space. At the end of the lease period, the District will own the public parking
garage.
III. PROPOSAL BENEFITS
Development of this property will greatly relieve the chronic parking shortage in the
Adams Morgan commercial area thereby assuring the continued vitality of the many
businesses in Adams Morgan. What was once a major eyesore will now produce many market
rate housing units, provide much needed public parking and generate much tax revenue. The
infusion of new apartment owners into the area will generate spin-off benefits for the
local commercial area businesses.
IV. REQUIRED PUBLIC ACTION
The public actions required for disposition are: 1) approval by the D.C. Financial
Responsibility and Management Assistance Authority; 2) holding of a public hearing; and 3)
execution of the sales contract and lease agreement documents.
The printed legislation also includes District of Columbia Contract No. DC-DHCD-97-35
and Lease Agreement DC-DCHD-97-14 with the Adams Morgan Development Company Limited
Partnership.