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| (Taped 06/24/09) JOINT PUBLIC HEARING, COMMITTEE ON ECONOMIC DEVELOPMENT, Kwame R. Brown, Chairperson and COMMITTEE ON FINANCE AND REVENUE, Jack Evans, Chairperson | Agenda item:
1. “New Convention Center Hotel Amendments Act of 2009”, Bill 18-0310. To amend the Washington Convention Center Authority Act of 1994 to provide for the public funding of the new convention center hotel which will be owned by the Washington Convention Center Authority Hotel Fund; to authorize the disposition of certain real property in Square 370 by the Mayor to the Washington Convention Center Authority; to authorize the Washington Convention Center Authority; to authorize the Washington Convention Center Authority to negotiate and enter into certain agreements relating to the design, construction, and management of the new convention center hotel; to authorize an underground airspace lease; to amend the New Convention Center Hotel Omnibus Financing and Development Act of 2006 to provide the available tax increment derived from the New Convention Center Hotel TIF Area to the Washington Convention Center Authority to support the bonds issued in connection with the new convention center hotel; and to repeal certain exemptions in Chapter 46 of Title 47 of the District of Columbia Official Code. |
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