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The city council's Committee on Finance and Revenue held a hearing last Thursday (Nov. 12) on B18-475, the "Arthur Capper/Carrollsburg Public Revenue Bonds Amendment Act of 2009," which has been introduced to allow the CFO's office to issue $32 million in city-backed bonds to help fund "phase 3" infrastructure improvements at Capper/Carrollsburg. This would be in addition to the $9.5 million in stimulus money that DCHA was awarded by HUD that will allow the phase 2 townhouses at Capitol Quarter to go forward, possibly by the third quarter of 2010 if current financing negotiations with EYA go smoothly.
(Quick background: This infrastructure work would be a combination of underground work on the Second Street blocks around Canal Park, the relocation of the DPW operations at New Jersey and K and demolition of that block, and perhaps the construction of I Street between Second and New Jersey. These projects were originally expected to be funded by the sale of unrated municipal bonds, but the current Economic Difficulties have made those sorts of bonds all but extinct, and additional attempts to secure loans from banks for the money have been fruitless as well. Read this for more details.)
The hearing was pretty straightforward--you can watch it via streaming video, plus I've managed to procure the prepared written testimony of David Cortiella from DCHA if you're more of a reader than a watcher (like me!). The main takeaways:
* The city is intending to sell $32 million in short-term bonds, and will cover the estimated $600,000 a year in costs from funds in an industrial revenue bonds assessment fund held by the Office of the Deputy Mayor for Planning and Economic Development. After three years, when presumably the bond market is a bit healthier and Capper's own PILOT fund has begun to receive payments, long-term bonds will be issued. John Ross of the CFO's office called this "a very clever arrangement."
* Because the council originally approved a $55 million bond offering as part of the original Capper PILOT legislation, the cost of these bonds is already reflected in the city's budget.
* DCHA and the CFO are asking that this bill be approved on an emergency basis at the council's December meeting, so that the bonds could be sold during late December or early January, which is apparently a good bond-selling time of year. (Christmas bonds for everyone!)
* Cortiella mentioned that DCHA is also investigating a change in the tax code that may allow the financing of the 189-unit apartment building planned for the old Capper Seniors site at Seventh and L (Square 882) by the third quarter of 2010.
* Money has already begun to flow into the Capper PILOT thanks to the completed houses in Capitol Quarter, and if the phase 1 and 2 townhouses and Square 882 apartments are finished as currently scheduled, approximately $1.2 million will be flowing to the PILOT fund each year by 2012. (It's the PILOT fund that then pays back the bonds.)
Jack Evans--the only councilmember at the hearing--was receptive to the plans and also to moving the bill as emergency legislation, calling it "a good project" and saying it should "definitely move forward." He also made sure to note that, since the new bonds are being backed with proceeds from the Gallery Place TIF, that the city will be "backing Ward 6 projects with Ward 2 money": "We're always helpful when we can be helpful," he said. He also reminisced that, when he first ran for city council in 1991, Near Southeast was in Ward 2, and that he received all of six votes across the entire precinct in the 13-man primary.
The council's December legislative meeting is scheduled for Dec. 15.
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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

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Recent Issued Building Permits Archive  
1402 1ST ST SE   
11/25/19 
UNITED STATES OF AMERICA / DAVID C POSTLEWAITE
SB1900412 / CONSTRUCTION
Parcel G2:WSP will complete four borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). The proposed boring locations would be in the four quadrants of Parcel G2 to check for spatial variability in contaminant concentrations. WSP will collect and analyze three soil samples from each boring from depths corresponding to potential subgrade elevations (i.e. 10-12 ft. bgs, 20-22 ...
1212 4TH ST SE   
11/25/19 
FC 1212 LLC / TAMIKA STATON; OTIS
ER2000409 / SHOP DRAWING
Replace governor car #2 - Part #: TBA20641H6 Replace hoist belts #1 and #4 - Part #: SB0003119
1300 4TH ST SE   
11/15/19 
ASANA PARTNERS / DEBRA MARSHALL; THE DONOHOE COMPANIES INC
B2001773 / CONSTRUCTION
ADD EXTERIOR DOOR, ADD INTERIOR DOOR , ANY RELAYED,ELECTRICAL,PLUMBING, RELOCATING UNBUILT APPROVED NON LOAD BEARING FIRE RATED PARTITIONS @ FIRST FLOOR APPROVED UNDER PERMIT #B1711970. ATTACHED
300 M ST SE   
11/11/19 
FEDERAL CENTER LP / null
P2001215 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
11/15/19 
CSX TRANSPORTATION INC / ERICKA CLARK; DGS CONSTRUCTION
TC2000008 / CONSTRUCTION
(2) tower cranes
   
11/26/19 
GREYSTAR GP I I, LLC / KIM MITCHELL; KIM MITCHELL
FD1900040 / CONSTRUCTION
TWO BELOW GRADE PRKING LEVELS, CONCRETE FOUNDATION WALLS, SLAB ON GRADE, COLUMNS ELEVATED DECKS UP TO GRADE WITH UNDERGROUND UTILITIES (MECHANICAL, PLUMBING, ELECTRICAL)
   
12/05/19 
MIKE ALLEN / JANE MCCRAY
AH2000244 / CONSTRUCTION
WO# 1611441 - Mike Allen / P. Helgeson. Pepco to install network transformer
1111 NEW JERSEY AVE SE   
11/15/19 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / TANYA HILL; THYSSENKRUPP
ER2000366 / SHOP DRAWING
REPLACE EXISTING 8MM WORN HOIST CABLES WITH LIKE IN KIND ON ELEVATOR #4. WORK TO ALLOW UNIT TO BE RETURNED TO SERVICE.
1299 NEW JERSEY AVE SE   
11/12/19 
BROOKFIELD DEVELOPMENT / JUSTIN BELLOW
BP2000489 / POST CARD
125 O ST SE   
11/25/19 
DISTRICT OF COLUMBIA / DAVID C POSTLEWAITE
SB1900411 / CONSTRUCTION
WSP will complete three borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). WSP assumes that borings will not be installed inside the fleet maintenance facility due to access restrictions imposed by DC Water. The proposed boring locations form an ā€˜Lā€™ shape around the eastern and southern sides of the fleet maintenance facility. WSP will collect and analyze three soil samp...
201 TINGEY ST SE   
11/14/19 
BROOKFIELD PROPERTIES / DFM DEVELOPMENT SERVICES, LLC
AH2000197 / CONSTRUCTION
Afterhours work at Tingey Square Project. The work performed will be forming, prepping and paving at Tingey Square park. Friday and Saturday the 15th & 16th, from 7PM to midnight. If required, Sunday the 17th from 7AM to 3PM. ANC Support provided. Associated Permit Include PA328164-R1 and PA10760162.
227 TINGEY ST SE   
12/02/19 
FC 227 LLC / KAYLA SHATTUCK; BROOKFIELD PROPERTIES MANAGEMENT LLC.
RW1900122 / CONSTRUCTION
Construction of new retaining wall located between Canal Street St and Third Street, SE.
300 TINGEY ST SE   
12/04/19 
FC BOILERMAKER LLC / ROBERT S. WATTS; ROBERT S. WATTS
E2002289 / SUPPLEMENTAL
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

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Project Directory
Completed
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


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