Plain English Breakdown
The effective date is contingent upon a 230-day congressional review period following mayoral approval.
Malcolm X Extension of Disposition Authority and Term Sheet Amendment Act of 2025
This law extends the deadline for selling a specific District-owned property at 1351 Alabama Avenue, SE, from two years to four years after its effective date and approves changes to the agreement terms.
What This Bill Does
- Extends the time limit for disposing of the property located at 1351 Alabama Avenue, SE, from two years after the effective date to four years after the effective date.
- Amends the Malcolm X Surplus Declaration and Disposition Approval Act of 2022 regarding this real estate project.
- Updates the definition of 'Project' to include approximately 150 residential units, 7,500 square feet of daycare space, and 2,000 square feet of retail space as described in an amended term sheet transmitted by the Mayor.
- Approves an amendment to the termsheet for the disposition of the property.
Who It Names or Affects
- The District government agencies responsible for managing surplus real property at 1351 Alabama Avenue, SE.
- Developers or buyers involved in the mixed-use project described in the amended term sheet transmitted by the Mayor.
Limits and Unknowns
- The law does not state how much money will be raised from the sale of the property.
- The text refers to an amended term sheet but does not list every specific detail contained within that document, only referencing it as transmitted by the Mayor.
- The exact start date for the four-year deadline depends on when this act officially takes effect following approval and a 230-day congressional review period.