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MURIELBOWSER‘MAYOR
May7,2026
TheHonorablePhilMendelson
Chairman
CounciloftheDistrictofColumbia
JohnA.WilsonBuilding
1350PennsylvaniaAvenue,NW, Suite504
Washington,DC 20004
DearChairmanMendelson:
EnclosedforconsiderationandadoptionbytheCounciloftheDistrictofColumbiaisaproposed
resolutiontitled“MethodistHome oftheDistrictofColumbia,d/b/aForestHillsofDC by
Goodwin LivingRevenueBondsProjectApprovalResolutionof2026”.
‘Theresolutionauthorizestheissuance,sale,anddeliveryoftax-exemptrevenuebonds,notes,orotherobligationsinanaggregateprincipalamountnottoexceed$13,700,000.Theproceedsofthebondswillbeusedtorefinancecertainoutstandingtax-exemptfixed-ratedebtassociatedwithfacilitiesofForestHillsofDC byGoodwinLivinglocatedat4901ConnecticutAvenue,NW,inWard3andtofinanceupto$3millioninnewcapitaltofundfacilityimprovements.
Inaccordancewithsection490oftheHomeRuleAct,ithasbeendeterminedthatthebonds,when,as,andifissued,shallbewithoutrecoursetotheDistrict.ThebondsshallnotbegeneralobligationsoftheDistrict;shallnotbeapledgeoforinvolvethefullfaithandcreditorthetaxingpoweroftheDistrict;shallnotconstituteadebtoftheDistrict;andshallnotconstitutealendingofpubliccreditforaprivateundertakingasprohibitedinsection602(a)(2)oftheHomeRuleAct.ThebondsshallnotgiverisetoanypecuniaryliabilityoftheDistrict,andtheDistrictshallhavenoobligationwithrespecttothepurchaseofthebonds.
urgetheCounciltotakepromptandfavorableactionontheenclosedmeasure.
Sincerely,
lurielBlyyser
Enclosure
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~~ lthairmar; Phil Mendelson
at the request of the Mayor
A PROPOSED RESOLUTION
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
15 To authorize and provide for the issuance, sale, and delivery in an aggregate principal amount not to
16 exceed $13.7 million of District of Columbia revenue bonds in one or more series
17 pursuant to a plan of finance and to authorize and provide for the loan of the proceeds of
18 such bonds to assist The Methodist Home of the District of Columbia d/b/a Forest Hills
19 of DC by Goodwin Living in the financing, refinancing, or reimbursing of costs
20 associated with an authorized project pursuant to section 490 of the District of Columbia
21 Home Rule Act.
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23 RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
24 resolution may be cited as the "Methodist Home of the District of Columbia d/b/a Forest Hills of
25 DC by Goodwin Living Revenue Bonds Project Approval Resolution of 2026".
26 Sec. 2. Definitions.
27 For the purposes of this resolution, the term:
28 (1) "Authorized Delegate" means the Mayor or the Deputy Mayor for Planning and
29 Economic Development, or any officer or employee of the Executive Office of the Mayor to whom
30 the Mayor has delegated or to whom the foregoing individuals have subdelegated any of the
31 Mayor's functions under this resolution pursuant to section 422(6) of the Home Rule Act.
32 (2) "Bond Counsel" means a finn or firms of attorneys designated as bond counsel from
33 time to time by the Mayor.
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(3) “Bonds” means the District of Columbia revenue bonds, notes, or other obligations 34
(including refunding bonds, notes, and other obligations), in one or more series, authorized to be 35
issued pursuant to this resolution. 36
(4) “Borrower” means the owner of the assets financed, refinanced, or reimbursed with 37
proceeds from the Bonds, which shall be The Methodist Home of the District of Columbia d/b/a 38
Forest Hills of DC by Goodwin Living, a not-for-profit corporation organized and existing under 39
the laws of the District of Columbia, qualified to do business in the District of Columbia, and 40
exempt from federal income taxes under 26 U.S.C § 501(a) as an organization described in 26 41
U.S.C. § 501(c)(3). 42
(5) “Closing Documents” means all documents and agreements other than Financing 43
Documents that may be necessary and appropriate to issue, sell, and deliver the Bonds and to make 44
the Loan, and includes agreements, certificates, letters, opinions, forms, receipts, and other similar 45
instruments. 46
(6) “District” means the District of Columbia. 47
(7) “Financing Documents” means the documents other than Closing Documents that relate 48
to the financing, refinancing or reimbursement of transactions to be effected through the issuance, 49
sale, and delivery of the Bonds and the making of the Loan, including any offering document, and 50
any required supplements to any such documents. 51
(8) “Home Rule Act” means the District of Columbia Home Rule Act, approved December 52
24, 1973 (87 Stat. 774; D.C. Official Code § 1-201.01 et seq.). 53
(9) “Issuance Costs” means all fees, costs, charges, and expenses paid or incurred in 54
connection with the authorization, preparation, printing, issuance, sale, and delivery of the Bonds 55
and the making of the Loan, including, but not limited to, underwriting, legal, accounting, rating 56
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agency, and all other fees, costs, charges, and expenses incurred in connection with the development 57
and implementation of the Financing Documents, the Closing Documents, and those other 58
documents necessary or appropriate in connection with the authorization, preparation, printing, 59
issuance, sale, marketing, and delivery of the Bonds and the making of the Loan, together with 60
financing fees, costs, and expenses, including program fees and administrative fees charged by the 61
District, fees paid to financial institutions and insurance companies, initial letter of credit fees (if 62
any), compensation to financial advisors and other persons (other than full-time employees of the 63
District) and entities performing services on behalf of or as agents for the District. 64
(10) “Loan” means the District’s lending of proceeds from the sale, in one or more series, of 65
the Bonds to the Borrower. 66
(11) “Project” means the financing, refinancing or reimbursing of the Borrower for all or a 67
portion of the Borrower’s costs incurred in connection with: 68
(A) Refunding all of the outstanding District of Columbia Revenue Bonds (The 69
Methodist Home of the District of Columbia Issue) Series 1999, originally issued in the principal 70
amount of $14.485 million, and reissued in 2015 in the principal amount of $9.94 million, the 71
proceeds of which were used to finance or refinance a portion of the costs of the construction of an 72
addition and renovations to the Borrower’s nursing, and independent and assisted living facilities 73
located at 4901 Connecticut Avenue, NW, Washington, DC; 74
(B) Refunding all of the outstanding District of Columbia Fixed Rate Revenue 75
Bonds (The Methodist Home of the District of Columbia Issue) Series 2009A, originally issued in 76
the principal amount of $16.63 million, and reissued in 2015 in the principal amount of $15.435 77
million, the proceeds of which were used to finance or refinance a portion of the cost of the 78
acquisition, renovation, furnishing and equipping of a facility for residents suffering from 79
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Alzheimer’s disease known as Forest Side, located at 2701 Military Road, NW, Washington, 80
DC. 81
(C) Certain capital expenditures of the Borrower, including but not limited to, the 82
renovation of and improvements to the facilities located at 4901 Connecticut Avenue, NW, 83
Washington, D.C., and at 2701 Military Road, NW, Washington, DC; 84
(D) Funding certain working capital costs, to the extent financeable, relating to 85
the Bonds; 86
(E) Funding interest on the Bonds and any credit enhancement costs, liquidity 87
costs or a debt service reserve fund relating to the Bonds; and 88
(F) Paying allowable Issuance Costs. 89
Sec. 3. Findings. 90
The Council finds that: 91
(1) Section 490 of the Home Rule Act provides that the Council may by resolution authorize 92
the issuance of District revenue bonds, notes, or other obligations (including refunding bonds, notes, 93
or other obligations) to borrow money to finance, refinance, or reimburse costs, and to assist in the 94
financing, refinancing, or reimbursing of, the costs of undertakings in certain areas designated in 95
section 490 and may effect the financing, refinancing, or reimbursement by loans made directly or 96
indirectly to any individual or legal entity, by the purchase of any mortgage, note, or other security, 97
or by the purchase, lease, or sale of any property. 98
(2) The Borrower has requested the District to issue, sell, and deliver revenue bonds, in one 99
or more series, in an aggregate principal amount not to exceed $13.7 million, and to make the Loan 100
for the purpose of financing, refinancing, or reimbursing costs of the Project. 101
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(3) The Project is located in the District and will contribute to the health, education, safety, 102
or welfare of, or the creation or preservation of jobs for, residents of the District, or to economic 103
development of the District. 104
(4) The Project is an undertaking in the area of health facilities within the meaning of 105
section 490 of the Home Rule Act. 106
(5) The authorization, issuance, sale, and delivery of the Bonds and the Loan to the 107
Borrower are desirable, are in the public interest, will promote the purpose and intent of section 490 108
of the Home Rule Act, and will assist the Project. 109
Sec. 4. Bond authorization. 110
(a) The Mayor is authorized pursuant to the Home Rule Act and this resolution to assist in 111
financing, refinancing, or reimbursing the costs of the Project by: 112
(1) The issuance, sale, and delivery of the Bonds, in one or more series, in an 113
aggregate principal amount not to exceed $13.7 million; and 114
(2) The making of the Loan. 115
(b) The Mayor is authorized to make the Loan to the Borrower for the purpose of financing, 116
refinancing, or reimbursing the costs of the Project and establishing any fund with respect to the 117
Bonds as required by the Financing Documents. 118
(c) The Mayor may charge a program fee to the Borrower, including, but not limited to, an 119
amount sufficient to cover costs and expenses incurred by the District in connection with the 120
issuance, sale, and delivery of each series of the Bonds, the District’s participation in the monitoring 121
of the use of the Bond proceeds and compliance with any public benefit agreements with the 122
District, and maintaining official records of each bond transaction and assisting in the redemption, 123
repurchase, and remarketing of the Bonds. 124
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(d) The Bond authorization set forth in this resolution includes the authorization to issue 125
refunding Bonds to refinance any Bonds previously issued under this resolution to finance the 126
Project; provided that the maximum principal amount of Bonds outstanding at any time does not 127
exceed the maximum principal amount of Bonds authorized hereunder. 128
Sec. 5. Bond details. 129
(a) The Mayor and each Authorized Delegate is authorized to take any action reasonably 130
necessary or appropriate in accordance with this resolution in connection with the preparation, 131
execution, issuance, sale, delivery, security for, and payment of the Bonds of each series, including, 132
but not limited to, determinations of: 133
(1) The final form, content, designation, and terms of the Bonds, including a 134
determination that the Bonds may be issued in certificated or book-entry form; 135
(2) The principal amount of the Bonds to be issued and denominations of the Bonds; 136
(3) The rate or rates of interest or the method for determining the rate or rates of 137
interest on the Bonds; 138
(4) The date or dates of issuance, sale, and delivery of, and the payment of interest 139
on the Bonds, and the maturity date or dates of the Bonds; 140
(5) The terms under which the Bonds may be paid, optionally or mandatorily 141
redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before 142
their respective stated maturities; 143
(6) Provisions for the registration, transfer, and exchange of the Bonds and the 144
replacement of mutilated, lost, stolen, or destroyed Bonds; 145
(7) The creation of any reserve fund, sinking fund, or other fund with respect to the 146
Bonds; 147
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(8) The time and place of payment of the Bonds; 148
(9) Procedures for monitoring the use of the proceeds received from the sale of the 149
Bonds to ensure that the proceeds are properly applied to the Project and used to accomplish the 150
purposes of the Home Rule Act and this resolution; 151
(10) Actions necessary to qualify the Bonds under blue sky laws of any jurisdiction 152
where the Bonds are marketed; and 153
(11) The terms and types of credit enhancement, if any, under which the Bonds may 154
be secured. 155
(b) The Bonds shall contain a legend, which shall provide that the Bonds are special 156
obligations of the District, are without recourse to the District, are not a pledge of, and do not 157
involve the faith and credit or the taxing power of the District, do not constitute a debt of the 158
District, and do not constitute lending of the public credit for private undertakings as prohibited in 159
section 602(a)(2) of the Home Rule Act. 160
(c) The Bonds shall be executed in the name of the District and on its behalf by the manual 161
or facsimile signature of the Mayor, and attested by the Secretary of the District of Columbia by the 162
Secretary of the District of Columbia’s manual or facsimile signature. The Mayor’s execution and 163
delivery of the Bonds shall constitute conclusive evidence of the Mayor’s approval, on behalf of the 164
District, of the final form and content of the Bonds. 165
(d) The official seal of the District, or a facsimile of it, shall be impressed, printed, or 166
otherwise reproduced on the Bonds. 167
(e) The Bonds of any series may be issued in accordance with the terms of a trust instrument 168
to be entered into by the District and a trustee to be selected by the Borrower subject to the approval 169
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of the Mayor, and may be subject to the terms of one or more agreements entered into by the Mayor 170
pursuant to section 490(a)(4) of the Home Rule Act. 171
(f) The Bonds may be issued at any time or from time to time in one or more issues and in 172
one or more series. 173
Sec. 6. Sale of the Bonds. 174
(a) The Bonds of any series may be sold at negotiated or competitive sale at, above, or 175
below par, to one or more persons or entities, and upon terms that the Mayor considers to be in the 176
best interest of the District. 177
(b) The Mayor or an Authorized Delegate may execute, in connection with each sale of the 178
Bonds, offering documents on behalf of the District, may deem final any such offering document on 179
behalf of the District for purposes of compliance with federal laws and regulations governing such 180
matters and may authorize the distribution of the documents in connection with the sale of the 181
Bonds. 182
(c) The Mayor is authorized to deliver the executed and sealed Bonds, on behalf of the 183
District, for authentication, and, after the Bonds have been authenticated, to deliver the Bonds to the 184
original purchasers of the Bonds upon payment of the purchase price. 185
(d) The Bonds of any series shall not be issued until the Mayor receives an approving 186
opinion from Bond Counsel as to the validity of the Bonds of such series and, if the interest on the 187
Bonds of such series is expected to be exempt from federal income taxation, the treatment of the 188
interest on the Bonds of such series for purposes of federal income taxation. 189
Sec. 7. Payment and security. 190
(a) The principal of, premium, if any, and interest on, the Bonds shall be payable solely from 191
proceeds received from the sale of the Bonds, income realized from the temporary investment of 192
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those proceeds, receipts and revenues realized by the District from the Loan, income realized from 193
the temporary investment of those receipts and revenues prior to payment to the Bond owners, other 194
moneys that, as provided in the Financing Documents, may be made available to the District for the 195
payment of the Bonds, and other sources of payment (other than from the District), all as provided 196
for in the Financing Documents. 197
(b) Payment of the Bonds shall be secured as provided in the Financing Documents and by 198
an assignment by the District for the benefit of the Bond owners of certain of its rights under the 199
Financing Documents and Closing Documents, including a security interest in certain collateral, if 200
any, to the trustee for the Bonds pursuant to the Financing Documents. 201
(c) The trustee is authorized to deposit, invest, and disburse the proceeds received from the 202
sale of the Bonds pursuant to the Financing Documents. 203
Sec. 8. Financing and Closing Documents. 204
(a) The Mayor is authorized to prescribe the final form and content of all Financing 205
Documents and all Closing Documents to which the District is a party that may be necessary or 206
appropriate to issue, sell, and deliver the Bonds and to make the Loan to the Borrower. Each of 207
the Financing Documents and each of the Closing Documents to which the District is not a party 208
shall be approved, as to form and content, by the Mayor. 209
(b) The Mayor is authorized to execute, in the name of the District and on its behalf, the 210
Financing Documents and any Closing Documents to which the District is a party by the Mayor’s 211
manual or facsimile signature. 212
(c) If required, the official seal of the District, or a facsimile of it, shall be impressed, 213
printed, or otherwise reproduced on the Financing Documents and the Closing Documents to which 214
the District is a party. 215
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(d) The Mayor’s execution and delivery of the Financing Documents and the Closing 216
Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s 217
approval, on behalf of the District, of the final form and content of the executed Financing 218
Documents and the executed Closing Documents. 219
(e) The Mayor is authorized to deliver the executed and sealed Financing Documents and 220
Closing Documents, on behalf of the District, prior to or simultaneously with the issuance, sale, and 221
delivery of the Bonds, and to ensure the due performance of the obligations of the District contained 222
in the executed, sealed, and delivered Financing Documents and Closing Documents. 223
Sec. 9. Authorized delegation of authority. 224
To the extent permitted by District and federal laws, the Mayor may delegate to any 225
Authorized Delegate the performance of any function authorized to be performed by the Mayor 226
under this resolution. 227
Sec. 10. Limited liability. 228
(a) The Bonds shall be special obligations of the District. The Bonds shall be without 229
recourse to the District. The Bonds shall not be general obligations of the District, shall not be a 230
pledge of, or involve the faith and credit or the taxing power of, the District, shall not constitute a 231
debt of the District, and shall not constitute lending of the public credit for private undertakings as 232
prohibited in section 602(a)(2) of the Home Rule Act. 233
(b) The Bonds shall not give rise to any pecuniary liability of the District and the District 234
shall have no obligation with respect to the purchase of the Bonds. 235
(c) Nothing contained in the Bonds, in the Financing Documents, or in the Closing 236
Documents shall create an obligation on the part of the District to make payments with respect to 237
the Bonds from sources other than those listed for that purpose in section 7. 238
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(d) The District shall have no liability for the payment of any Issuance Costs or for any 239
transaction or event to be effected by the Financing Documents. 240
(e) All covenants, obligations, and agreements of the District contained in this resolution, 241
the Bonds, and the executed, sealed, and delivered Financing Documents and Closing Documents to 242
which the District is a party, shall be considered to be the covenants, obligations, and agreements of 243
the District to the fullest extent authorized by law, and each of those covenants, obligations, and 244
agreements shall be binding upon the District, subject to the limitations set forth in this resolution. 245
(f) No person, including, but not limited to, the Borrower and any Bond owner, shall have 246
any claims against the District or any of its elected or appointed officials, officers, employees, or 247
agents for monetary damages suffered as a result of the failure of the District or any of its elected or 248
appointed officials, officers, employees or agents to perform any covenant, undertaking, or 249
obligation under this resolution, the Bonds, the Financing Documents, or the Closing Documents, as 250
a result of the incorrectness of any representation in or omission from the Financing Documents or 251
the Closing Documents, unless the District or its elected or appointed officials, officers, employees, 252
or agents have acted in a willful and fraudulent manner. 253
Sec. 11. District officials. 254
(a) Except as otherwise provided in section 10(f), the elected or appointed officials, officers, 255
employees, or agents of the District shall not be liable personally for the payment of the Bonds or be 256
subject to any personal liability by reason of the issuance, sale or delivery of the Bonds, or for any 257
representations, warranties, covenants, obligations, or agreements of the District contained in this 258
resolution, the Bonds, the Financing Documents, or the Closing Documents. 259
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of 260
any official appearing on the Bonds, the Financing Documents, or the Closing Documents shall 261
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be valid and sufficient for all purposes notwithstanding the fact that the individual signatory 262
ceases to hold that office before delivery of the Bonds, the Financing Documents, or the Closing 263
Documents. 264
Sec.12. Maintenance of documents. 265
Copies of the specimen Bonds and of the final Financing Documents and Closing 266
Documents shall be filed in the Office of the Secretary of the District of Columbia. 267
Sec.13. Information reporting. 268
Within 3 days after the Mayor’s receipt of the transcript of proceedings relating to the 269
issuance of the Bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the 270
Council. 271
Sec. 14. Disclaimer. 272
(a) The issuance of Bonds is in the discretion of the District. Nothing contained in this 273
resolution, the Bonds, the Financing Documents, or the Closing Documents shall be construed as 274
obligating the District to issue any Bonds for the benefit of the Borrower or to participate in or assist 275
the Borrower in any way with financing, refinancing, or reimbursing the costs of the Project. The 276
Borrower shall have no claims for damages or for any other legal or equitable relief against the 277
District, its elected or appointed officials, officers, employees, or agents as a consequence of any 278
failure to issue any Bonds for the benefit of the Borrower. 279
(b) The District reserves the right to issue the Bonds in the order or priority it determines in 280
its sole and absolute discretion. The District gives no assurance and makes no representations that 281
any portion of any limited amount of bonds or other obligations, the interest on which is excludable 282
from gross income for federal income tax purposes, will be reserved or will be available at the time 283
of the proposed issuance of the Bonds. 284
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(c) The District, by adopting this resolution or by taking any other action in connection with 285
financing, refinancing, or reimbursing costs of the Project, does not provide any assurance that the 286
Project is viable or sound, that the Borrower is financially sound, or that amounts owing on the 287
Bonds or pursuant to the Loan will be paid. Neither the Borrower, any purchaser of the Bonds, nor 288
any other person shall rely upon the District with respect to these matters. 289
Sec. 15. Expiration. 290
If any Bonds are not issued, sold, and delivered to the original purchaser within 3 years of 291
the date of this resolution, the authorization provided in this resolution with respect to the issuance, 292
sale, and delivery of the Bonds shall expire. 293
Sec. 16. Severability. 294
If any particular provision of this resolution, or the application thereof to any person or 295
circumstance is held invalid, the remainder of this resolution and the application of such provision 296
to other persons or circumstances shall not be affected thereby. If any action or inaction 297
contemplated under this resolution is determined to be contrary to the requirements of applicable 298
law, such action or inaction shall not be necessary for the purpose of issuing of the Bonds, and the 299
validity of the Bonds shall not be adversely affected. 300
Sec. 17. Compliance with public approval requirement. 301
This approval shall constitute the approval of the Council as required in section 147(f) of 302
the Internal Revenue Code of 1986, as amended (the “Code”), and section 490(k) of the Home 303
Rule Act, for the Project to be financed, refinanced, or reimbursed with the proceeds of the 304
Bonds. This resolution approving the issuance of the Bonds for the Project has been adopted by 305
the Council after a public hearing held in accordance with section 147(f) of the Code, as such 306
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section may be amended, and the corresponding regulations promulgated by the United States 307
Department of the Treasury. 308
Sec. 18. Transmittal. 309
The Council shall transmit a copy of this resolution, upon its adoption, to the Mayor. 310
Sec. 19. Fiscal impact statement. 311
The Council adopts the fiscal impact statement in the committee report as the fiscal 312
impact statement required by section 4a of the General Legislative Procedures Act of 1975, 313
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 314
Sec. 20. Effective date. 315
This resolution shall take effect immediately. 316