District Of Columbia 2023 2023-2024 Regular Session

District Of Columbia Council Bill PR25-0178 Introduced / Bill

Filed 03/20/2023

                    MURIEL BOWSER 
MAYOR 
March 20, 2023
The Honorable Phil Mendelson 
Chairman, Council of the District of Columbia 
John A. Wilson Building 
1350 Pennsylvania Avenue, NW 
Suite 504 
Washington, DC  20004 
Dear Chairman Mendelson: 
Enclosed for consideration and approval by the Council of the District of Columbia is a proposed 
resolution titled, “D.C. Hebrew Language Charter School d/b/a Sela Public Charter School 
Revenue Bonds Project Approval Resolution of 2023” (the “Resolution”).
The Resolution authorizes the issuance, sale, and delivery in an aggregate principal amount not 
to exceed $15,000,000 of District of Columbia revenue bonds in one or more series and 
authorizes the loan of the proceeds of the bonds to assist Sela in the financing, refinancing, or 
reimbursing of costs incurred by Sela for their project located at 6015-17 Chillum Place, NE, in 
Ward 4. The project consists of refinancing the bridge loan used to purchase the existing school 
property and approximately $4 million in renovations.
Opened in 2013, Sela Public Charter School has a diverse student body and faculty that reflects 
the multicultural and vibrant dynamics of the nation’s capital. “Global citizenship” education is a 
key school focus. It includes the development of student skills in communication (including 
learning a foreign language), collaboration, critical thinking, and creativity. It also includes an 
emphasis on building empathy and emotional intelligence, perspective taking, and learning about 
other cultures.
The bonds, when, as, and if issued, shall be without recourse to the District.  In accordance with 
Section 490 of the Home Rule Act, the bonds shall not be general obligations of the District; 
shall not be a pledge of or involve the full faith and credit or the taxing power of the District; 
shall not constitute a debt of the District; and shall not constitute a lending of public credit for 
private undertakings as prohibited in section 602(a)(2) of the Home Rule Act.  The bonds shall 
not give rise to any pecuniary liability of the District and the District shall have no obligation 
with respect to the purchase of the bonds.
I find that the proposed financing will assist in furthering the efforts of SELA in providing 
education and employment opportunities to the citizens of the District of Columbia.  I urge the Council to take prompt and favorable action on the Resolution.  MURIEL BOWSER 
MAYOR 
March 20, 2023 
The Honorable Phil Mendelson 
Chairman, Council 
of the District of Columbia 
John A. Wilson Building 
1350 Pennsylvania Avenue, 
NW 
Suite 504 
Washington, DC 20004 
Dear Chairman Mendelson: 
Enclosed for consideration and approval 
by the Council of the District of Columbia is a proposed 
resolution titled, "D.C. Hebrew Language Charter School d/b/a Sela Public Charter School 
Revenue Bonds Project Approval Resolution 
of 2023" (the "Resolution"). 
The Resolution authorizes the issuance, sale, and delivery in an aggregate principal amount not 
to exceed $15,000,000 
of District of Columbia revenue bonds in one or more series and 
authorizes the loan 
of the proceeds of the bonds to assist Sela in the financing, refinancing, or 
reimbursing 
of costs incurred by Sela for their project located at 6015-1 7 Chill 	um Place, NE, in 
Ward 
4. The project consists ofrefinancing the bridge loan used to purchase the existing school 
property and approximately $4 million in renovations. 
Opened in 2013, Sela Public Charter School has a diverse student body and faculty that reflects 
the multicultural and vibrant dynamics 
of the nation's capital. "Global citizenship" education is a 
key school focus. 
It includes the development of student skills in communication (including 
learning a foreign language), collaboration, critical thinking, and creativity. 
It also includes an 
emphasis on building empathy and emotional intelligence, perspective taking, and learning about 
other cultures. 
The bonds, when, as, and 
if issued, shall be without recourse to the District. In accordance with 
Section 490 
of the Home Rule Act, the bonds shall not be general obligations 	of the District; 
shall not be a pledge of or involve the full faith and credit 	or the taxing power of the District; 
shall not constitute a debt 	of the District; and shall not constitute a lending 	of public credit for 
private undertakings as prohibited in section 602(a)(2) 
of the Home Rule Act. The bonds shall 
not give rise to any pecuniary liability 
of the District and the District shall have no obligation 
with respect to the purchase 
of the bonds. 
I find that the proposed financing will assist in furthering the efforts 
of SELA in providing 
education and employment opportunities to the citizens 
of the District of Columbia.   I urge the Council to take 	prompt and favorable action on the Resolution.   hairman Phil Mendelson 
at the request 
of the Mayor 
1 
2 
3 
4 
5 
6 
7 	A PROPOSED RESOLUTION 
8 
9 
10 
11 
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 
12 To authorize and provide for the issuance, sale, and delivery in 	an aggregate principal amount not to 
13 exceed $15 million of District of Columbia revenue bonds in one or more series and to 
14 authorize and provide for the loan 	of the proceeds of such bonds to assist D.C. Hebrew 
15 Language Charter School d/b/a Sela Public Charter School in the financing, refinancing, 
16 or reimbursing of costs associated with an authorized project pursuant to section 490 	of the 
1 7 District 
of Columbia Home Rule Act. 
18 
19 RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, that this 
20 resolution may be cited 
as the "D.C. Hebrew Language Charter School d/b/a Sela Public Charter 
21 School Revenue Bonds Project Approval Resolution 	of 2023 ". 
22 
23 Sec. 2. Definitions. 
24 For the purpose 
of this resolution, the term: 
25 
(1) "Authorized Delegate" means the Mayor or the Deputy Mayor for Planning and 
26 Economic Development, or any officer or employee 
of the Executive Office of the Mayor to whom 
2 7 the Mayor has delegated or to whom the foregoing individuals have subdelegated any 
of the 
28 Mayor's functions under this resolution pursuant 
to section 422( 6) of the Home Rule Act. 
29 	(2) 	"Bond Counsel" means a firm or firms 	of attorneys designated as bond counsel 
30 from time to time by the Mayor.   31 	(3) "Bonds" means the District 	of Columbia revenue bonds, notes, or other 
32 obligations (including refunding bonds, notes, and other obligations), 
in one or more series, 
33 authorized to be issued pursuant to this resolution. 
34 	(4) "Borrower" means the owner, operator, manager and user 
of the assets 
35 financed, refinanced, or reimbursed with proceeds from the Bonds, which shall be D.C. Hebrew 
36 Language Charter School d/b/a Sela Public Charter School, Inc., a corporation organized under 
37 the laws 
of the District of Columbia, which is exempt from federal income taxes under 26 U.S.C 
38 § 501(a) 
as an organization described in 26 U.S.C. § 501(c)(3), and which 	is liable for the 
39 repayment 
of the Bonds. 
40 	(5) "Closing Documents" means all documents and agreements other than 
41 Financing Documents that may be necessary and appropriate to issue, sell, and deliver the Bonds 
42 and to make the Loan contemplated thereby, and includes agreements, certificates, letters, opinions, 
43 forms, receipts, and other similar instruments. 
44 	( 6) "District" means the District 
of Columbia. 
45 	(7) "Financing Documents" means the documents other than Closing Documents 
46 that relate to the financing or refinancing 
of transactions to be effected through the issuance, sale, 
4 7 and delivery 
of the Bonds and the making 	of the Loan, including any offering document, and any 
48 required supplements to any such documents. 
49 	(8) "Home Rule Act" means the District 
of Columbia Home Rule Act, approved 
50 December 24, 1973 (87 Stat. 774; D.C. Official 
Code§ 1-201.01 et seq.). 
51 	(9) "Issuance Costs" means all fees, costs, charges, and expenses paid or incurred 
52 in connection with the authorization, preparation, printing, issuance, sale, and delivery 
of the Bonds 
53 and the making of the Loan, including, but not limited to, underwriting, legal, accounting, rating 
2   54 agency, and all other fees, costs, charges, and expenses incurred in connection with the development 
5 5 and implementation 
of the Financing Documents, the Closing Documents, and those other 
56 documents necessary or appropriate in connection with the authorization, preparation, printing, 
57 issuance, sale, marketing, and delivery 
of the Bonds and the making of the Loan contemplated 
5 8 thereby, together with financing fees, costs, and expenses, including program fees and 
5 9 administrative fees charged by the District, fees paid to financial institutions and insurance 
60 companies, initial letter 
of credit fees (if any), compensation 	to financial advisors and other persons 
61 ( other than full-time employees 	of the District) and entities performing services on behalf 	of or as 
62 agents for the District. 
63 	( 10) "Loan" means the District's lending 	of proceeds from the sale, in one or more 
64 series, 
of the Bonds to the Borrower. 
65 	(11) "Project" means the financing, refinancing or reimbursing 	of all or a portion of 
66 the Borrower's costs 	of: 
67 	(A) refinancing 	of certain existing indebtedness, the proceeds 	of which were 
68 used to finance or refinance the costs 	of the acquisition of the Borrower's approximately 12,269 
69 square foot public charter school facility located 6015-17 Chillum Place, N.E., Washington, D.C., 
70 together with associated parking facilities and other property, real and personal, associated 
71 therewith (the "Facility"); 
72 	(B) funding the renovation, fit-out, equipping and development 
of the 
73 Facility; 
74 	(C) funding certain working capital costs, to the extent financeable relating 
75 to the Bonds; 
3   76 	(D) funding any credit enhancement costs, liquidity costs, capitalized 
77 interest, or debt service reserve fund relating 
to the Bonds; and 
78 	(E) paying allowable Issuance Costs. 
79 Sec. 
3. Findings. 
80 The Council finds that: 
81 	( 1) Section 490 of the Home Rule Act provides that the Council may by resolution 
82 authorize the issuance 
of District revenue bonds, notes, or other obligations (including refunding 
83 bonds, notes, or other obligations) to borrow money to finance, refinance, or reimburse and to assist 
84 in the financing, refinancing, or reimbursing 
of undertakings in certain areas designated in section 
85 490 and may effect the financing, refinancing, or reimbursement by loans made directly or 
86 indirectly to any individual or legal entity, by the purchase 
of any mortgage, note, or other security, 
87 or by the purchase, lease, or sale 
of any property. 
88 	(2) The Borrower has requested the District to issue, sell, and deliver revenue 
89 bonds, in one or more series, in an aggregate principal amount not to exceed $15 million, and 
to 
90 make the Loan for the purpose 	of financing, refinancing, or reimbursing costs 	of the Project. 
91 	(3) The Project is located in the District and will contribute to the health, education, 
92 safety, or welfare of, or the creation or preservation 
of jobs for, residents of the District, or to 
93 economic development of the District. 
94 	( 4) The Project 
is an undertaking in the area 	of elementary, secondary and college 
95 and university facilities within the meaning 	of section 490 of the Home Rule Act. 
96 	( 5) The authorization, issuance, sale, and delivery 	of the Bonds and the Loan to the 
97 Borrower are desirable, are in the public interest, will promote the purpose and intent 	of section 490 
98 of the Home Rule Act, and will assist the Project. 
4   99 Sec. 4. Bond authorization. 
100 (a) The Mayor 
is authorized pursuant to the Home Rule Act and this resolution to assist in 
101 financing, refinancing, or reimbursing the costs 	of the Project by: 
102 	( 
1) The issuance, sale, and delivery 	of the Bonds, in one or more series, in an 
103 aggregate principal amount not to exceed $15 million; and 
104 	(2) The making 
of the Loan. 
105 (b) The Mayor 
is authorized to make the Loan to the Borrower for the purpose 	of financing, 
106 refinancing, or reimbursing the costs 
of the Project and establishing any fund with respect 	to the 
107 Bonds 
as required by the Financing Documents. 
108 ( 
c) The Mayor may charge a program 	fee to the Borrower, including, but not limited to, an 
109 amount sufficient to cover costs and expenses incurred by the District in connection with the 
110 issuance, sale, and delivery 
of each series of the Bonds, the District's participation in the monitoring 
111 of the use of the Bond proceeds and compliance with any public benefit agreements with the 
112 District, and maintaining official records 
of each bond transaction and assisting in the redemption, 
113 repurchase, and remarketing of the Bonds. 
114 ( d) The Bond authorization set forth in this resolution includes the authorization to issue 
115 refunding Bonds to refinance any Bonds previously issued under this resolution to finance the 
116 Project; provided, that the maximum principal amount 
of Bonds outstanding at any time does not 
11 7 exceed the maximum principal amount 	of Bonds authorized hereunder. 
118 Sec. 
5. Bond details. 
119 (a) The Mayor and each Authorized Delegate 	is authorized to take any action reasonably 
120 necessary or appropriate in accordance with this resolution in connection with the preparation, 
121 execution, issuance, sale, delivery, security for, and payment 	of the Bonds of each series, including, 
5   122 but not limited to, determinations of: 
123 	( 1) The final form, content, designation, and terms 	of the Bonds, including a 
124 determination that the Bonds may be issued in certificated or book-entry form; 
125 	(2) The principal amount 	of the Bonds to be issued and denominations 	of the 
126 Bonds; 
127 	(3) The rate or rates 
of interest or the method for determining the rate or rates 	of 
128 interest on the Bonds; 
129 . ( 4) The date or dates 
of issuance, sale, and delivery of, and the payment 	of interest 
130 on the Bonds, and the maturity date or dates 
of the Bonds; 
131 	( 5) The terms under which the Bonds may be paid, optionally or mandatorily 
132 redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before 
133 their respective stated maturities; 
134 	( 6) Provisions for the registration, transfer, and exchange 
of the Bonds and the 
13 5 replacement of mutilated, lost, stolen, or destroyed Bonds; 
136 	(7) The creation 
of any reserve fund, sinking fund, or other fund with respect to the 
137 Bonds; 
13 8 	(8) The time and place 	of payment of the Bonds; 
139 	(9) Procedures for monitoring the use 
of the proceeds received from the sale 	of the 
140 Bonds to ensure that the proceeds are properly applied to the Project and used to accomplish the 
141 purposes of the Home Rule Act and this resolution; 
142 	(10) Actions necessary to qualify the Bonds under blue sky laws 
of any jurisdiction 
143 where the Bonds are marketed; and 
6   144 	(11) 	The terms and types of credit enhancement under which the Bonds 	may be 
145 secured. 
146 (b) 
The Bonds shall contain a legend, which shall provide that the Bonds are special 
14 7 obligations 
of the District, are without recourse to the District, are not a pledge of, and do not 
148 involve the faith 
and credit or the taxing power of the District, do not constitute a debt 	of the 
149 District, and do 
not constitute lending of the public credit for private undertakings as prohibited in 
150 section 602(a)(2) 
of the Home Rule Act. 
151 ( c) The Bonds shall 
be executed in the name of the District and on its behalf by the manual 
15 2 or facsimile signature of the Mayor, and attested by the Secretary of the District of Columbia by the 
153 Secretary 
of the District of Columbia's manual or facsimile signature. The 	Mayor's execution and 
154 delivery 
of the Bonds shall constitute conclusive evidence 	of the Mayor's approval, on behalf of the 
15 5 District, of the final form and content of the Bonds. 
156 ( d) 
The official seal of the District, or a facsimile of it, shall be impressed, printed, or 
157 otherwise reproduced 	on the Bonds. 
15 8 ( e) The Bonds 	of any series may be issued in accordance with the terms 	of a trust instrument 
159 to 
be entered into by the District and a trustee to 	be selected by the Borrower subject to the approval 
160 
of the Mayor, and may be subject to the terms of one or more agreements entered into 	by the Mayor 
161 pursuant to section 490(a)(4) 	of the Home Rule Act. 
162 (f) The Bonds 
may be issued at any time or from time to time in one 	or more issues and in 
163 
one or more senes. 
164 Sec. 6. Sale 
of the Bonds. 
7   165 (a) The Bonds 	of any series may be sold at negotiated or competitive sale 	at, above, or 
166 below par, 
to one or more persons or entities, and upon terms that the Mayor considers to be in the 
167 best interest 
of the District. 
168 (b) The Mayor or an Authorized Delegate may execute, in connection with each sale 
of the 
169 Bonds, offering documents on behalf 
of the District, may deem final any such offering document on 
170 behalf 
of the District for purposes of compliance with federal laws and regulations governing such 
171 matters and may authorize the distribution 	of the documents in connection with the sale 	of the 
172 Bonds. 
1 
73 ( c) The Mayor is authorized to deliver the executed and sealed Bonds, on behalf 	of the 
174 District, for authentication, and, after the Bonds have been authenticated, to deliver the Bonds to the 
175 original purchasers 
of the Bonds upon payment of the purchase price. 
176 ( 
d) The Bonds shall not be issued until the Mayor receives an approving opinion from Bond 
177 Counsel 
as to the validity of the Bonds of such series and, if the interest on the Bonds 	is expected to 
178 be exempt from federal income taxation, the treatment 	of the interest on the Bonds for purposes 	of 
1 79 federal income taxation. 
180 Sec. 
7. Payment and security. 
181 (a) The principal of, premium, 	if any, and interest on, the Bonds shall be payable solely from 
182 proceeds received from the sale 
of the Bonds, income realized from the temporary investment 	of 
183 those proceeds, receipts and revenues realized by the District from the Loan, income realized from 
184 the temporary investment 
of those receipts and revenues prior to payment to the Bond owners, other 
185 moneys that, 
as provided in the Financing Documents, may be made available to the District for the 
8   186 payment of the Bonds, and other sources 	of payment (other than from the District), all as provided 
187 for in the Financing Documents. 
188 (b) Payment 
of the Bonds shall be secured as provided in the Financing Documents and 	by 
189 an assignment by the District for the benefit of the Bond owners of certain of its rights under the 
190 Financing Documents and Closing Documents, including a security interest in certain collateral, 
if 
191 any, to the trustee for the Bonds pursuant to the Financing Documents. 
192 ( c) The trustee is authorized to deposit, invest, and disburse the proceeds received from the 
193 sale 
of the Bonds pursuant to the Financing Documents. 
194 Sec. 
8. Financing and Closing Documents. 
195 (a) The 
Mayor is authorized to prescribe the final form and content 	of all Financing 
196 Documents and all Closing Documents that 
may be necessary or appropriate to issue, sell, and 
197 deliver the Bonds and to make the 
Loan to the Borrower. 
198 (b) The Mayor is authorized to execute, in the name 
of the District and on its behalf, the 
199 Financing Documents and any Closing Documents to which the District is a party 
by the Mayor's 
200 manual or facsimile signature. 
201 ( c) 
If required, the official seal 	of the District, or a facsimile of it, shall be impressed, 
202 printed, 
or otherwise reproduced on the Financing Documents and the Closing Documents to which 
203 the District is a party. 
204 (d) The 
Mayor's execution and delivery of the Financing Documents and the Closing 
205 Documents to which the District is a party shall constitute conclusive evidence 
of the Mayor's 
206 approval, on behalf of the District, of the final form and content of the executed Financing 
207 Documents and the executed Closing Documents. 
9   208 ( e) The Mayor is authorized to deliver the executed and sealed Financing Documents and 
209 Closing Documents, on behalf 
of the District, prior to or simultaneously with the issuance, sale, and 
210 delivery 
of the Bonds, and to ensure the due performance 	of the obligations of the District contained 
211 in the executed, sealed, and delivered Financing Documents and Closing Documents. 
212 Sec. 
9. Authorized delegation of authority. 
213 To the extent permitted by District and federal laws, the Mayor may delegate to any 
214 Authorized Delegate the performance 
of any function authorized to be performed by the Mayor 
215 under this resolution. 
216 Sec. 
10. Limited liability. 
21 7 (a) The Bonds shall be special obligations 	of the District. The Bonds shall be without 
218 recourse to the District. The Bonds shall not be general obligations 
of the District, shall not be a 
219 pledge 
of or involve the faith and credit or the taxing power 	of the District, shall 	l}.Ot constitute a 
220 debt 
of the District, and shall not constitute lending 	of the public credit for private undertakings 	as 
221 prohibited in section 602(a)(2) 	of the Home Rule Act. 
222 (b) The Bonds shall not give rise to any pecuniary liability 
of the District and the District 
223 shall have no obligation with respect to the purchase 
of the Bonds. 
224 (c) Nothing contained in the Bonds, in the Financing Documents, or in the Closing 
225 Documents shall create an obligation on the part 
of the District to make payments with respect 	to 
226 the Bonds from sources other than those listed for that purpose in section 	7. 
227 ( d) The District shall have no liability for the payment 	of any Issuance Costs or for any 
228 transaction or event to be effected by the Financing Documents. 
229 ( 
e) All covenants, obligations, and agreements 	of the District contained in this resolution, 
230 the Bonds, and the executed, sealed, and delivered Financing Documents and Closing Documents 
to 
10   231 which the District is a party, shall be considered to be the covenants, obligations, and agreements 	of 
232 the District to the fullest extent authorized by law, and each 	of those covenants, obligations, and 
233 agreements shall be binding upon the District, subject to the limitations set forth in this resolution. 
234 (f) No person, including, but not limited to, the Borrower and any Bond owner, shall have 
23 5 any claims against the District or any 	of its elected or appointed officials, officers, employees, or 
236 agents for monetary damages suffered 
as a result of the failure of the District or any of its elected or 
23 7 appointed officials, officers, employees or agents to perform any covenant, undertaking, or 
23 8 obligation under this resolution, the Bonds, the Financing Documents, or the Closing Documents, 
239 nor 
as a result of the incorrectness of any representation in or omission from the Financing 
240 Documents or the Closing Documents, unless the District or its elected or appointed officials, 
241 officers, employees, or agents have acted in a willful and fraudulent manner. 
242 Sec. 
11. District officials. 
243 (a) Except 
as otherwise provided in section l0(f), the elected or appointed officials, officers, 
244 employees, or agents 
of the District shall not be liable personally for the payment 	of the Bonds or be 
245 subject to any personal liability by reason 
of the issuance, sale or delivery of the Bonds, or for any 
246 representations, warranties, covenants, obligations, or agreements 
of the District contained in this 
24 7 resolution, the Bonds, the Financing Documents, or the Closing Documents. 
248 (b) The signature, countersignature, facsimile signature, or facsimile countersignature 
of 
249 any official appearing on the Bonds, the Financing Documents, or the Closing J?ocuments shall 
250 be valid and sufficient for all purposes notwithstanding the fact that the individual signatory 
251 ceases to hold that office before delivery of the Bonds, the Financing Documents, 	or the Closing 
252 Documents. 
253 Sec. 
12. Maintenance of documents. 
11   254 Copies of the specimen Bonds and 	of the final Financing Documents and Closing 
25 5 Documents shall be filed in the Office 	of the Secretary of the District of Columbia. 
256 Sec. 
13. Informatio'n reporting. 
257 Within three (3) days after the Mayor's receipt 
of the transcript of proceedings relating to 
25 8 the issuance of the Bonds, the Mayor shall transmit a copy 	of the transcript to the Secretary 	to the 
25 9 Council. 
260 Sec. 
14. Disclaimer. 
261 (a) The issuance of Bonds is in the discretion of the District. Nothing contained in this 
262 resolution, the Bonds, the Financing Documents, or the Closing Documents shall be construed 
as 
263 obligating the District to issue any Bonds for the benefit 	of the Borrower or to participate in or assist 
264 the Borrower in any way with financing, refinancing, or reimbursing the costs 
of the Project. The 
265 Borrower shall have no claims for damages or for any other legal or equitable relief against the 
266 District, its elected or appointed officials, officers, employees, or agents 
as a consequence of any 
267 failure 
to issue any Bonds for the benefit 	of the Borrower. 
268 (b) The District reserves the right 
to issue the Bonds in the order or priority it determines in 
269 its sole and absolute discretion. The District gives no assurance and makes no representations that 
270 any portion 
of any limited amount of bonds or other obligations, the interest on which 	is excludable 
2 
71 from gross income for federal income tax purposes, will be reserved or will be available at the time 
2 72 
of the proposed issuance of the Bonds. 
2 
73 ( c) The District, by adopting this resolution or by taking any other action in connection with 
274 financing, refinancing, or reimbursing costs 
of the Project, does not provide any assurance that the 
275 Project 
is viable or sound, that the Borrower 	is financially sound, or that amounts owing on the 
12   276 Bonds or pursuant to the Loan will be paid. Neither the Borrower, any purchaser 	of the Bonds, nor 
277 any other person shall rely upon the District with respect 
to these matters. 
278 Sec. 
15. Expiration. 
279 
If any Bonds are not issued, sold, and delivered to the original purchaser within three (3) 
280 years 
of the date of this resolution, the authorization provided in this resolution with respect 	to the 
281 issuance, sale, and delivery of the Bonds shall expire. 
282 Sec. 
16. Severability. 
283 
If any particular provision of this resolution, or the application thereof to any person or 
284 circumstance 
is held invalid, the remainder of this resolution and the application 	of such provision 
285 to other persons or circumstances shall not be affected thereby. 
If any action or inaction 
286 contemplated under this resolution 
is determined to be contrary to the requirements 	of applicable 
287 law, such action or inaction shall not be necessary for the purpose 
of issuing the Bonds, and the 
288 validity 
of the Bonds shall not be adversely affected. 
289 Sec. 
17. Compliance with public approval requirement. 
290 This approval shall constitute the approval 
of the Council as required in section 147(f) of the 
291 Internal Revenue Code of 1986, as amended, and section 490(k) 	of the Home Rule Act, for the 
292 Project to be financed, refinanced, or reimbursed with the proceeds 
of the Bonds. This resolution 
293 approving the issuance 
of the Bonds for the Project has been adopted by the Council after a public 
294 hearing held 
at least seven (7) days after publication 	of notice in a newspaper of general circulation 
295 in the District. 
296 Sec. 
18. Transmittal. 
297 The Council shall transmit a copy 
of this resolution, upon its adoption, to the Mayor. 
298 Sec. 
19. Fiscal impact statement. 
13   299 	The Council adopts the fiscal impact statement 	of the Chief Financial Officer 	as 
300 the fiscal impact statement required by section 4a 	of the General Legislative Procedures Act 	of 
301 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code 	§ 1-301.4 7a). 
302 · Sec. 
20. Effective date. 
303 This resolution shall take effect immediately. 
14   DC Hebrew Language Charter School 
(Sela) Revenue Bond Project 
FACT SHEET 
DC Hebrew Language Charter School Inc (Sela) has requested that the District 	of Columbia 
issue up to $15,000,000 
of 501(c)(3) revenue bonds, refinancing, and renovations to support 
construction projects at 6015-17 Chillum Place NE Washington, DC in Ward 
4. 
The Applicant 
Opened in 2013 in DC's Ward 4, Sela Public Charter School has a diverse student body and 
faculty that reflects the multicultural and vibrant dynamics 
of the nation's capital. 
"Global citizenship" education 
is a key school focus. It includes the development of student 
skills in communication (including learning a foreign language), collaboration, critical thinking, 
and creativity. 
It also includes an emphasis on building empathy and emotional intelligence, 
perspective taking, and learning about other cultures. 
Sela has been recognized 
as a high-performing school by the DC Public Charter School Board. 
The school offers an academically rigorous curriculum, including daily Modem Hebrew studies, 
that lead to a high level 
of language proficiency. 
Proposed Proiect 
DC Hebrew Language Public Charter School (Sela) project consists 	of refinancing the bridge 
loan used to purchase the existing school property and approximately $4 million in renovations.   DC Hebrew Language Public Charter School (Sela) 
Fact Sheet 
February 2023 
Financing Plan 
A summary of the proposed sources and uses 	of funds is attached (see Table 1 	). 
Total Cost Tax-exempt Taxable Loan Equity 
Bond Proceeds 
Refinancing/Refunding 	$7,825,000 
Building Renovation 	$6,000,000 
Up-frontfees/Other 	$220,000 	$280,000 
Issuance costs 
Contingency 	$955,000 
TOTAL 	$15,000,000 	$280,000 
Feasibility/Structure/Security of the Bonds 
A commitment letter to provide a direct pay letter 	of credit was included in the application from 
ConnectOne, who will also serve 
as underwriter. The bonds will be repaid at a synthetically 
fixed interest rate (to be determined based on market conditions) over 25 years (with payments 
beginning one year after closing). A Bond Trustee has not been selected. 
Bonds will be a general obligation 
of DC Hebrew Language Public Charter School (Sela) and 
will be repaid primarily 
by revenues from tuition. 
Legal and Regulatory Affairs 
The law firm of Orrick, Herrington, & Sutcliffe bond counsel to the Revenue Bond Program, has 
preliminarily determined that DC Hebrew Language Public Charter School is a 501 ( c )(3) 
organization and that the project constitutes a permissible undertaking within the meaning 
of 
Section 490( a)( 1) of the District of Columbia Home Rule Act. 
The Office 
of Planning, Office of Tax and Revenue and Department 	of Employment Services, 
Department 
of Consumer and Regulatory Affairs have all approved the application. 
Based upon the information set forth in the application, the Revenue Bond Program staff has 
determined that the proposed project complies with criteria for approval 
of a proposed financing 
transaction through the District's Revenue Bond Program and will assist the Borrower in 
furthering its organizational mission. 
2   GOVERNMENT OF THE DISTRICT OF COLUMBIA 
OFFICE OF THE ATTORNEY GENERAL 
Commercial Division 
Tax 
& Finance Section 
*** --
MEMORANDUM 
TO: 
FROM: 
William Liggins 
Director, Revenue Bond Program 
Office 
of the Deputy Mayor for Planning and Economic Development 
Patrick Allen 
Senior Assistant Attorney General 
Commercial Division 
DATE: February 23, 2023 
SUBJECT: Legal Sufficiency Certification 
of the "D.C. Hebrew Language Charter 
School d/b/a Sela Public Charter School Revenue Bonds Project Approval 
Resolution 
of 2023 ". 
This is to certify that the Office 
of the Attorney General has reviewed the above­
referenced resolution and found it to be legally sufficient. 
If you have any questions in 
this regard, please do not hesitate to call me at (202) 724-7754. 
Patrick Allen 
Senior Assistant Attorney General   2 
  
 (3) “Bonds” means the District of Columbia revenue bonds, notes, or other 31 
obligations (including refunding bonds, notes, and other obligations), in one or more series, 32 
authorized to be issued pursuant to this resolution. 33 
 (4) “Borrower” means the owner, operator, manager and user of the assets 34 
financed, refinanced, or reimbursed with proceeds from the Bonds, which shall be D.C. Hebrew 35 
Language Charter School d/b/a Sela Public Charter School, Inc., a corporation organized under 36 
the laws of the District of Columbia, which is exempt from federal income taxes under 26 U.S.C 37 
§ 501(a) as an organization described in 26 U.S.C. § 501(c)(3), and which is liable for the 38 
repayment of the Bonds. 39 
 (5) “Closing Documents” means all documents and agreements other than 40 
Financing Documents that may be necessary and appropriate to issue, sell, and deliver the Bonds 41 
and to make the Loan contemplated thereby, and includes agreements, certificates, letters, opinions, 42 
forms, receipts, and other similar instruments. 43 
 (6) "District" means the District 	of Columbia. 44 
 (7) “Financing Documents” means the documents other than Closing Documents 45 
that relate to the financing or refinancing of transactions to be effected through the issuance, sale, 46 
and delivery of the Bonds and the making of the Loan, including any offering document, and any 47 
required supplements to any such documents. 48 
 (8) “Home Rule Act” means the District of Columbia Home Rule Act, approved 49 
December 24, 1973 (87 Stat. 774; D.C. Official Code § 1-	201.01 et seq.). 50 
 (9) “Issuance Costs” means all fees, costs, charges, and expenses paid or incurred 51 
in connection with the authorization, preparation, printing, issuance, sale, and delivery of the Bonds 52 
and the making of the Loan, including, but not limited to, underwriting, legal, accounting, rating 53   3 
  
agency, and all other fees, costs, charges, and expenses incurred in connection with the development 54 
and implementation of the Financing Documents, the Closing Documents, and those other 55 
documents necessary or appropriate in connection with the authorization, preparation, printing, 56 
issuance, sale, marketing, and delivery of the Bonds and the making of the Loan contemplated 57 
thereby, together with financing fees, costs, and expenses, including program fees and 58 
administrative fees charged by the District, fees paid to financial institutions and insurance 59 
companies, initial letter of credit fees (if any), compensation to financial advisors and other persons 60 
(other than full-time employees of the District) and entities performing services on behalf of or as 61 
agents for the District. 62 
 (10) “Loan” means the District’s lending of proceeds from the sale, in one or more 63 
series, of the Bonds to the Borrower. 64 
 (11) “Project” means the financing, refinancing or reimbursing of all or a portion of 65 
the Borrower's costs of:  66 
(A) refinancing of certain existing indebtedness, the proceeds of which were 67 
used to finance or refinance the costs of the acquisition of the Borrower’s approximately 12,269 68 
square foot public charter school facility 	located 6015-17 Chillum Place, N.E., Washington, D.C., 69 
together with associated parking facilities and other property, real and personal, associated 70 
therewith (the “Facility”); 71 
(B) funding the renovation, fit -out, equipping and development of the 72 
Facility; 73 
(C) funding certain working capital costs, to the extent financeable relating 74 
to the Bonds; 75   4 
  
(D) funding any credit enhancement costs, liquidity costs, capitalized 76 
interest, or debt service reserve fund relating to the Bonds; and 77 
(E) paying allowable Issuance Costs. 78 
 Sec. 3. Findings. 79 
 The Council finds that: 80 
 (1) Section 490 of the Home Rule Act provides that the Council may by resolution 81 
authorize the issuance of District revenue bonds, notes, or other obligations (including refunding 82 
bonds, notes, or other obligations) to borrow money to finance, refinance, or reimburse and to assist 83 
in the financing, refinancing, or reimbursing of undertakings in certain areas designated in section 84 
490 and may effect the financing, refinancing, or reimbursement by loans made directly or 85 
indirectly to any individual or legal entity, by the purchase of any mortgage, note, or other security, 86 
or by the purchase, lease, or sale of any property. 87 
 (2) The Borrower has requested the District to issue, sell, and deliver revenue 88 
bonds, in one or more series, in an aggregate principal amount not to exceed $15 million, and to 89 
make the Loan for the purpose of financing, refinancing, or reimbursing costs of the Project. 90 
 (3) The Project is located in the District and will contribute to the health, education, 91 
safety, or welfare of, or the creation or preservation of jobs for, residents of the District, or to 92 
economic development of the District. 93 
 (4) The Project is an undertaking in the area of elementary, secondary and college 94 
and university facilities within the meaning of section 490 of the Home Rule Act. 95 
 (5) The authorization, issuance, sale, and delivery of the Bonds and the Loan to the 96 
Borrower are desirable, are in the public interest, will promote the purpose and intent of section 490 97 
of the Home Rule Act, and will assist the Project. 98   5 
  
 Sec. 4. Bond authorization. 99 
 (a) The Mayor is authorized pursuant to the Home Rule Act and this resolution to assist in 100 
financing, refinancing, or reimbursing the costs of the Project by: 101 
 (1) The issuance, sale, and delivery of the Bonds, in one or more series, in an 102 
aggregate principal amount not to exceed $15 million; and  103 
 (2) The making of the Loan. 104 
 (b) The Mayor is authorized to make the Loan to the Borrower for the purpose of financing, 105 
refinancing, or reimbursing the costs of the Project and establishing any fund with respect to the 106 
Bonds as required by the Financing Documents. 107 
 (c) The Mayor may charge a program fee to the Borrower, including, but not limited to, an 108 
amount sufficient to cover costs and expenses incurred by the District in connection with the 109 
issuance, sale, and delivery of each series of the Bonds, the District’s participation in the monitoring 110 
of the use of the Bond proceeds and compliance with any public benefit agreements with the 111 
District, and maintaining official records of each bond transaction and assisting in the redemption, 112 
repurchase, and remarketing of the Bonds. 113 
 (d) The Bond authorization set forth in this r	esolution includes the authorization to issue 114 
refunding Bonds to refinance any Bonds previously issued under this r	esolution to finance the 115 
Project; provided, that the maximum principal amount of Bonds outstanding at any time does not 116 
exceed the maximum principal amount of Bonds authorized hereunder.  117 
 Sec. 5. Bond details. 118 
 (a) The Mayor and each Authorized Delegate is authorized to take any action reasonably 119 
necessary or appropriate in accordance with this resolution in connection with the preparation, 120 
execution, issuance, sale, delivery, security for, and payment of the Bonds of each series, including, 121   6 
  
but not limited to, determinations of: 122 
 (1) The final form, content, designation, and terms of the Bonds, including a 123 
determination that the Bonds may be issued in certificated or book-	entry form; 124 
 (2) The principal amount of the Bonds to be issued and denominations of the 125 
Bonds; 126 
 (3) The rate or rates of interest or the method for determining the rate or rates of 127 
interest on the Bonds; 128 
 (4) The date or dates of issuance, sale, and delivery of, and the payment of interest 129 
on the Bonds, and the maturity date or dates of the Bonds; 130 
 (5) The terms under which the Bonds may be paid, optionally or mandatorily 131 
redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before 132 
their respective stated maturities; 133 
 (6) Provisions for the registration, transfer, and exchange of the Bonds and the 134 
replacement of mutilated, lost, stolen, or destroyed Bonds; 135 
 (7) The creation of any reserve fund, sinking fund, or other fund with respect to the 136 
Bonds; 137 
 (8) The time and place of payment of the Bonds; 138 
 (9) Procedures for monitoring the use of the proceeds received from the sale of the 139 
Bonds to ensure that the proceeds are properly applied to the Project and used to accomplish the 140 
purposes of the Home Rule Act and this resolution; 141 
 (10) Actions necessary to qualify the Bonds under blue sky laws of any jurisdiction 142 
where the Bonds are marketed; and 143   7 
  
 (11) The terms and types of credit enhancement under which the Bonds may be 144 
secured. 145 
 (b) The Bonds shall contain a legend, which shall provide that the Bonds are special 146 
obligations of the District, are without recourse to the District, are not a pledge of, and do not 147 
involve the faith and credit or the taxing power of the District, do not constitute a debt of the 148 
District, and do not constitute lending of the public credit for private undertakings as prohibited in 149 
section 602(a)(2) of the Home Rule Act. 150 
 (c) The Bonds shall be executed in the name of the District and on its behalf by the manual 151 
or facsimile signature of the Mayor, and attested by the Secretary of the District of Columbia by the 152 
Secretary of the District of Columbia’s manual or facsimile signature. The Mayor’s execution and 153 
delivery of the Bonds shall constitute conclusive evidence of the Mayor’s approval, on behalf of the 154 
District, of the final form and content of the Bonds. 155 
 (d) The official seal of the District, or a facsimile of it, shall be impressed, printed, or 156 
otherwise reproduced on the Bonds. 157 
 (e) The Bonds of any series may be issued in accordance with the terms of a trust instrument 158 
to be entered into by the District and a trustee to be selected by the Borrower subject to the approval 159 
of the Mayor, and may be subject to the terms of one or more agreements entered into by the Mayor 160 
pursuant to section 490(a)(4) of the Home Rule Act. 161 
 (f) The Bonds may be issued at any time or from time to time in one or more issues and in 162 
one or more series. 163 
 Sec. 6. Sale of the Bonds. 164   8 
  
 (a) The Bonds of any series may be sold at negotiated or competitive sale at, above, or 165 
below par, to one or more persons or entities, and upon terms that the Mayor considers to be in the 166 
best interest of the District. 167 
 (b) The Mayor or an Authorized Delegate may execute, in connection with each sale of the 168 
Bonds, offering documents on behalf of the District, may deem final any such offering document on 169 
behalf of the District for purposes of compliance with federal laws and regulations governing such 170 
matters and may authorize the distribution of the documents in connection with the sale of the 171 
Bonds. 172 
 (c) The Mayor is authorized to deliver the executed and sealed Bonds, on behalf of the 173 
District, for authentication, and, after the Bonds have been authenticated, to deliver the Bonds to the 174 
original purchasers of the Bonds upon payment of the purchase price. 175 
 (d) The Bonds shall not be issued 	until the Mayor receives an approving opinion from Bond 176 
Counsel as to the validity of the Bonds of such series and, if the interest on the Bonds is expected to 177 
be exempt from federal income taxation, the treatment of the interest on the Bonds for purposes of 178 
federal income taxation. 179 
 Sec. 7. Payment and security. 180 
 (a) The principal of, premium, if any, and interest on, the Bonds shall be payable solely from 181 
proceeds received from the sale of the Bonds, income realized from the temporary investment of 182 
those proceeds, receipts and revenues realized by the District from the Loan, income realized from 183 
the temporary investment of those receipts and revenues prior to payment to the Bond owners, other 184 
moneys that, as provided in the Financing Documents, may be made available to the District for the 185   9 
  
payment of the Bonds, and 	other sources of payment (other than from the District), all as provided 186 
for in the Financing Documents. 187 
 (b) Payment of the Bonds shall be secured as provided in the Financing Documents and by 188 
an assignment by the District for the benefit of the Bond owners of certain of its rights under the 189 
Financing Documents and Closing Documents, including a security interest in certain collateral, if 190 
any, to the trustee for the Bonds pursuant to the Financing Documents. 191 
 (c) The trustee is authorized to deposit, invest, and disburse the proceeds received from the 192 
sale of the Bonds pursuant to the Financing Documents. 193 
 Sec. 8. Financing and Closing Documents. 194 
 (a) The Mayor is authorized to prescribe the final form and content of all Financing 195 
Documents and all Closing 	Documents that may be necessary or appropriate to issue, sell, and 196 
deliver the Bonds and to make the Loan to the Borrower.   197 
 (b) The Mayor is authorized to execute, in the name of the District and on its behalf, the 198 
Financing Documents and any Closing Documents to which the District is a party by the Mayor’s 199 
manual or facsimile signature.   200 
 (c) If required, the official seal of the District, or a facsimile of it, shall be impressed, 201 
printed, or otherwise reproduced on the Financing Documents and the Closing Documents to which 202 
the District is a party. 203 
 (d) The Mayor’s execution and delivery of the Financing Documents and the Closing 204 
Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s 205 
approval, on behalf of the District, of the final form and content of the executed Financing 206 
Documents and the executed Closing Documents. 207   10 
  
 (e) The Mayor is authorized to deliver the executed and sealed Financing Documents and 208 
Closing Documents, on behalf of the District, prior to or simultaneously with the issuance, sale, and 209 
delivery of the Bonds, and to ensure the due performance of the obligations of the District contained 210 
in the executed, sealed, and delivered Financing Documents and Closing Documents. 211 
 Sec. 9. Authorized delegation of authority. 212 
 To the extent permitted by District and federal laws, the Mayor may delegate to any 213 
Authorized Delegate the performance of any function authorized to be performed by the Mayor 214 
under this resolution. 215 
 Sec. 10. Limited liability. 216 
 (a) The Bonds shall be special obligations of the District.  The Bonds shall be without 217 
recourse to the District.  The Bonds shall not be general obligations of the District, shall not be a 218 
pledge of or involve the faith and credit or the taxing power of the District, shall not constitute a 219 
debt of the District, and shall not constitute lending of the public credit for private undertakings as 220 
prohibited in section 602(a)(2) of the Home Rule Act. 221 
 (b) The Bonds shall not give rise to any pecuniary liability of the District and the District 222 
shall have no obligation with respect to the purchase of the Bonds. 223 
 (c) Nothing contained in the Bonds, in the Financing Documents, or in the Closing 224 
Documents shall create an obligation on the part of the District to make payments with respect to 225 
the Bonds from sources other than those listed for that purpose in section 7. 226 
 (d) The District shall have no liability for the payment of any Issuance Costs or for any 227 
transaction or event to be effected by the Financing Documents. 228 
 (e) All covenants, obligations, and agreements of the District contained in this resolution, 229 
the Bonds, and the executed, sealed, and delivered Financing Documents and Closing Documents to 230   11 
  
which the District is a party, shall be considered to be the covenants, obligations, and agreements of 231 
the District to the fullest extent authorized by law, and each of those covenants, obligations, and 232 
agreements shall be binding upon the District, subject to the limitations set forth in this resolution. 233 
 (f) No person, including, but not limited to, the Borrower and any Bond owner, shall have 234 
any claims against the District or any of its elected or appointed officials, officers, employees, or 235 
agents for monetary damages suffered as a result of the failure of the District or any of its elected or 236 
appointed officials, officers, employees or agents to perform any covenant, undertaking, or 237 
obligation under this resolution, the Bonds, the Financing Documents, or the Closing Documents, 238 
nor as a result of the incorrectness of any representation in or omission from the Financing 239 
Documents or the Closing Documents, unless the District or its elected or appointed officials, 240 
officers, employees, or agents have acted in a willful and fraudulent manner. 241 
 Sec. 11. District officials. 242 
 (a) Except as otherwise provided in section 10(f), the elected or appointed officials, officers, 243 
employees, or agents of the District shall not be liable personally for the payment of the Bonds or be 244 
subject to any personal liability by reason of the issuance, sale or delivery of the Bonds, or for any 245 
representations, warranties, covenants, obligations, or agreements of the District contained in this 246 
resolution, the Bonds, the Financing Documents, or the Closing Documents. 247 
 (b) The signature, countersignature, facsimile signature, or facsimile countersignature of 248 
any official appearing on the Bonds, the Financing Documents, or the Closing Documents shall 249 
be valid and sufficient for all purposes notwithstanding the fact that the individual signatory 250 
ceases to hold that office before delivery of the Bonds, the Financing Documents, or the Closing 251 
Documents. 252 
 Sec. 12. Maintenance of documents. 253   12 
  
 Copies of the specimen Bonds and of the final Financing Documents and Closing 254 
Documents shall be filed in the Office of the Secretary of the District of Columbia. 255 
 Sec. 13. Information reporting. 256 
 Within three (3) days after the Mayor’s receipt of the transcript of proceedings relating to 257 
the issuance of the Bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the 258 
Council. 259 
 Sec. 14. Disclaimer. 260 
 (a) The issuance of Bonds is in the discretion of the District.  Nothing contained in this 261 
resolution, the Bonds, the Financing Documents, or the Closing Documents shall be construed as 262 
obligating the District to issue any Bonds for the benefit of the Borrower or to participate in or assist 263 
the Borrower in any way with financing, refinancing, or reimbursing the costs of the Project.  The 264 
Borrower shall have no claims for damages or for any other legal or equitable relief against the 265 
District, its elected or appointed officials, officers, employees, or agents as a consequence of any 266 
failure to issue any Bonds for the benefit of the Borrower. 267 
 (b) The District reserves the right to issue the Bonds in the order or priority it determines in 268 
its sole and absolute discretion. The District gives no assurance and makes no representations that 269 
any portion of any limited amount of bonds or other obligations, the interest on which is excludable 270 
from gross income for federal income tax purposes, will be reserved or will be available at the time 271 
of the proposed issuance of the Bonds. 272 
 (c) The District, by adopting this resolution or by taking any other action in connection with 273 
financing, refinancing, or reimbursing costs of the Project, does not provide any assurance that the 274 
Project is viable or sound, that the Borrower is financially sound, or that amounts owing on the 275   13 
  
Bonds or pursuant to the Loan will be paid. Neither the Borrower, any purchaser of the Bonds, nor 276 
any other person shall rely upon the District with respect to these matters. 277 
 Sec. 15. Expiration. 278 
 If any Bonds are not issued, sold, and delivered to the original purchaser within three (3) 279 
years of the date of this resolution, the authorization provided in this resolution with respect to the 280 
issuance, sale, and delivery of the Bonds shall expire. 281 
 Sec. 16. Severability. 282 
 If any particular provision of this resolution, or the application thereof to any person or 283 
circumstance is held invalid, the remainder of this resolution and the application of such provision 284 
to other persons or circumstances shall not be affected thereby.  If any action or inaction 285 
contemplated under this resolution is determined to be contrary to the requirements of applicable 286 
law, such action or inaction shall not be necessary for the purpose of issuing the Bonds, and the 287 
validity of the Bonds shall not be adversely affected. 288 
 Sec. 17. Compliance with public approval requirement. 289 
 This approval shall constitute the approval of the Council as required in section 147(f) of the 290 
Internal Revenue Code of 1986, as amended, and section 490(k) of the Home Rule Act, for the 291 
Project to be financed, refinanced, or reimbursed with the proceeds of the Bonds. This resolution 292 
approving the issuance of the Bonds for the Project has been adopted by the Council after a public 293 
hearing held at least seven (7) days after publication of notice in a newspaper of general circulation 294 
in the District. 295 
 Sec. 18. Transmittal. 296 
 The Council shall transmit a copy of this resolution, upon its adoption, to the Mayor. 297 
 Sec. 19. Fiscal impact statement. 298   14 
  
 The Council adopts the fiscal impact statement of the Chief Financial Officer as 299 
the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 300 
1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-	301.47a).
 301 
 Sec. 20. Effective date. 302 
 This resolution shall take effect immediately. 303   DC Hebrew Language Charter School 
(Sela) Revenue Bond Project 
 
 
FACT SHEET 
 
DC Hebrew Language Charter School Inc (Sela) has requested that the District of Colum	bia 
issue up to $15,000,000 of 501(c)(3) revenue bonds, refinancing, and renovations to support 
construction projects at 6	015-17 Chillum Place NE Washington, DC in Ward 4. 
 
The Applicant 
 
Opened in 2013 in DC’s Ward 4, Sela Public Charter School has a diverse student body and 
faculty that reflects the multicultural and vibrant dynamics of the nation’s capital. 
 
"Global citizenship" education is a key school focus. It includes the development of student 
skills in communication (including learning a foreign language), 	collaboration, critical thinking, 
and creativity. It also includes an emphasis on building empathy and emotional intelligence, 
perspective taking, and learning about other cultures. 
  
Sela has been recognized as a high-performing school by the DC Public Charter School Board. 
The school offers an academically rigorous curriculum, including daily Modern Hebrew studies, 
that lead to a high level of language proficiency. 
 
 
Proposed Project 
 
DC Hebrew Language Public Charter School (Sela) project consists of refinancing the bridge 
loan used to purchase the existing school property and approximately $	4 million in renovations. 
 
 
 
 
 
 
 
 
 
 
 
   DC Hebrew Language Public Charter School (Sela) 
Fact Sheet 
February 2023 
 
 
2 
Financing Plan 
 
A summary of the pro	posed sources and uses of funds is attached (see Table 1). 
 
 	Total Cost Tax-exempt 
Bond Proceeds 
Taxable Loan Equity 
Refinancing/Refunding  	$7,825,000  
Building Renovation  	$6,000,000  
Up-frontfees/Other 
Issuance costs 
 	$220,000  	$280,000 
Contingency 	$955,000   
TOTAL 	$15,000,000  	$280,000 
 
 
Feasibility/Structure/Security of the Bonds 
 
A commitment letter to provide a direct pay letter of credit was included in the application from 
ConnectOne, who will also serve as underwriter. The bonds will be repaid at a synthetically 
fixed interest rate (to be determined based on market conditions) over 25 years (with payments 
beginning one year after closing).  A Bond Trustee has not been selected. 
 
Bonds will be a general obligation of DC He	brew Language Public Charter School (Sela) and 
will be repaid primarily by revenues from tuition	. 
 
 
Legal and Regulatory Affairs 
 
The law firm of Orrick , Herrington, & Sutcliffe bond counsel to the Revenue Bond Progra	m, has 
preliminarily determined that DC He	brew Language Public Charter School is a 501(c)(3) 
organization and that the project constitutes a permissible undertaking within the meaning of 
Section 490(a)(1) of the District of Columbia Home Rule Act. 
 
The Office of Planning, Office of Tax and Revenue and Department of Employment Services, 
Department of Consumer and Regulatory Aff	airs have all approved the application.   
 
Based upon the information set forth in the application, the Reve nue Bond Program staff has 
determined that the proposed project complies with criteria for approval of a proposed financing 
transaction through the District’s Revenue Bond Program and will assist the Borrower in 
furthering its organizational mission.  
    GOVERNMENT OF THE DISTRICT OF COLUMBIA 
OFFICE OF THE ATTORNEY GENERAL 
 
 
 
Commercial Division
 
Tax & Finance Section 
 
 
MEMORANDUM 
 	TO: William Liggins 
  Director, Revenue Bond Program 
 Office of the Deputy Mayor for Planning and Economic Development  	FROM: Patrick Allen 
 Senior Assistant Attorney General 
  Commercial Division 
 	DATE: Fe bruary 23, 2023 
 
SUBJECT: Legal Sufficiency Certification of the “D.C. Hebrew Language Charter 
School d/b/a Sela Public Charter School Revenue Bonds Project Approval 	Resolution of 2023”. 
 	This is to certify that
 the Office of the Attorney General has reviewed the above-
referenced resolution and found it to be legally sufficient	. If you have any questions in 
this regard, please do not hesitate to call me at (202	) 724-7754. 
  	_________________________________ 	Patrick Allen 
Senior Assistant A ttorney General