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 _____.
To approve a request for additional time for the disposition of property located in
Square 272, Lot 45, to Donatelli & Klein, Inc.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited
as the "Extension of Time to Dispose of Square 272, Lot 45 to Donatelli & Klein,
Inc. Approval Resolution of 1998".
Sec. 2. The Council of the District of Columbia has reviewed and
approved additional time for the Department of Housing and Community Development to
dispose of Square 272, Lot 45, to Donatelli & Klein, Inc.
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 TO SELL PROPERTY LOCATED IN SQUARE 272, LOT 45, AT THE INTERSECTIONS OF 13TH
STREET, N.W., 12TH STREET, N.W., V STREET, N.W. and W STREET, N.W.
I. DESCRIPTION OF PROPERTY
A. SQUARE 272, Lot 45 B. WARD 1 C. SIZE 105,480 D. ZONING CR/Arts Overlay E. VALUE $2,000,000
II. DESCRIPTION OF PROPOSAL
Donatelli & Klein proposes to acquire the property for mixed-use
development, including housing, retail, office and parking uses. The project will be
developed in three phases over the next 5 years.
III. PROPOSAL BENEFITS
Development of this larger property will have a major impact on the
redevelopment of the U Street corridor. What was once a major eyesore and off the
District’s tax roles for 13 years, will be a major tax and job generator. In addition, the
infusion of new homeowners and workers into the area will generate spin-off benefits for
local commercial establishments.
IV. REQUIRED PUBLIC ACTION
The public actions required for disposition are: 1 ) approval by the D.C.
Financial Responsibility and Management Assistance Authority; 2) public hearing; and 3)
execution of sales documents.