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ENROLLED ORIGINAL
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A RESOLUTION
26-291
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
December 16, 2025
To declare the existence of an emergency with respect to the need to authorize and provide for the
issuance, sale, and delivery in an aggregate principal amount not to exceed $25 million of
District of Columbia revenue bonds in one or more series, and to authorize and provide
for the loan of the proceeds of such bonds to assist Cesar Chavez Public Charter Schools
for Public Policy in the financing, refinancing, or reimbursing of costs associated with an
authorized project pursuant to section 490 of the District of Columbia Home Rule Act.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as “Cesar Chavez Public Charter Schools for Public Policy Revenue
Bonds Project Emergency Declaration Resolution of 2025”.
Sec. 2. (a) Cesar Chavez Public Charter Schools for Public Policy (the “Borrower”) is a
nonprofit corporation organized and existing under the laws of the District of Columbia which
seeks to have District of Columbia revenue bonds (“Bonds”) issued and to receive a loan of the
proceeds of the Bonds (the “Loan”) for:
(1) The refinancing of a 2020 term loan from City First Bank of D.C., N.A., the
proceeds of which were used to refinance existing indebtedness of the Borrower;
(2) Certain capital expenditures of the Borrower, including the construction,
renovation, equipping, and development of the classrooms, science labs, gymnasium, and
ancillary facilities located at 3701 Hayes Street, NE, Washington, DC 20019;
(3) Funding certain working capital costs, to the extent financeable, relating to the
Bonds;
(4) Funding interest on the Bonds and any credit enhancement costs, liquidity
costs, or debt service reserve fund relating to the Bonds; and
(5) Paying allowable issuance costs.
(b) The planned financing will make available funds critically needed to finance,
refinance, or reimburse the Borrower for costs described in subsection (a) of this section
(collectively, the “Project”).
(c) The Borrower has executed a term sheet with its prospective bank lender that establishes
the terms under which the financing may be provided; however, the term sheet expires on
December 31, 2025.
ENROLLED ORIGINAL
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(d) If the bond approval resolution is not adopted on an emergency basis, the processing and
approval of the financing will be delayed beyond the term sheet’s expiration date, requiring the
Borrower to renegotiate the financing terms and resulting in additional costs or less favorable
market conditions for the Project, which will cause the Borrower to incur an additional financial
burden.
(e) The Council’s approval of the bond approval resolution authorizing the issuance of up
to $25 million of District of Columbia revenue bonds would permit the revenue bonds to be
issued promptly to provide maximum savings for the Borrower and to enable the Project to be
completed.
Sec. 3. The Council of the District of Columbia determines that the circumstances
enumerated in section 2 constitute emergency circumstances making it necessary that the Cesar
Chavez Public Charter Schools for Public Policy Revenue Bonds Project Emergency Approval
Resolution of 2025 be adopted on an emergency basis.
Sec. 4. This resolution shall take effect immediately.