D.C. Act 22-607. Extension of Time to Dispose of Fifth Street, N.W., and I Street, N.W., Emergency Amendment Act of 2018.

AN ACT

To amend, on an emergency basis, An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes to extend the time in which the Mayor may dispose of certain District-owned real property located at 901 Fifth Street, N.W. and I Street, N.W., and known for tax and assessment purposes as Lot 0059 in Square 0516.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Extension of Time to Dispose of Fifth Street, N.W., and I Street, N.W., Emergency Amendment Act of 2018".

Sec. 2. Section 1 of An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes, approved August 5, 1939 (53 Stat. 1211; D.C. Official Code § 10-801), is amended by adding a new subsection (d-8) to read as follows:

"(d-8) Notwithstanding subsection (d) of this section, the time period within which the Mayor may dispose of District-owned real property located at 901 Fifth Street, N.W., and I Street, N.W., and known for tax and assessment purposes as Lot 0059 in Square 0516, pursuant to the Fifth Street, N.W., and I Street, N.W., Disposition Approval Emergency Act of 2014, effective December 23, 2014 (D.C. Act 20-543; 62 DCR 240), the Fifth Street, N.W., and I Street, N.W., Disposition Extension Approval Resolution of 2016, effective December 6, 2016, (Res. 21-669; 64 DCR 11438), and the Fifth Street N.W. and I Street N.W. Term Sheet Amendment Approval Resolution of 2017, deemed approved January 23, 2018 (PR 22-611), is extended to April 1, 2019.".

Sec. 3. The Council approves an amendment to the Outside Closing Date as identified in the Schedule of Performance pursuant to Fifth Street N.

W. and I Street N.W. Term Sheet Amendment Approval Resolution of 2017, deemed approved January 23, 2018 (PR22-611), to reflect the extension of time set forth in section 2 of this act.

Sec. 4. Fiscal impact statement.

The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

Sec. 5. Effective date.

This act shall take effect following approval by the Mayor (or in the event of veto by the Mayor, action by the Council to override the veto), and shall remain in effect for no longer than 90 days, as provided for emergency acts of the Council of the District of Columbia in section 412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat, 788; D.C. Official Code § 1-204.12(a)).