Resolution approves an amended term sheet for the disposition of certain parcels in the Hill East Phase II Bundle 2 project.

The resolution approves an amended term sheet for the disposition of certain parcels in the Hill East Phase II Bundle 2 project. The term sheet outlines the terms for the conveyance of Parcels C, E, H, and the Streets Parcel by the District of Columbia to R13 Community Partners LLC. The conveyance will occur through ground leases and fee simple transfers, with specific terms for each parcel. The term sheet also includes provisions for affordable housing, green building requirements, and a schedule of performance for the project.

Resolution approves an amended term sheet for the disposition of certain parcels in the Hill East Phase II Bundle 2 project.

The resolution approves an amended term sheet for the disposition of certain parcels in the Hill East Phase II Bundle 2 project. The term sheet outlines the terms for the conveyance of Parcels C, E, H, and the Streets Parcel by the District of Columbia to R13 Community Partners LLC. The conveyance will occur through ground leases and fee simple transfers, with specific terms for each parcel. The term sheet also includes provisions for affordable housing, green building requirements, and a schedule of performance for the project.