MURIEL BOWSER
MAYOR
October 24, 2024
The Honorable Phil Mendelson
Chairman
Council of the District of Columbia
John A. Wilson Building
1350 Pennsylvania Avenue, NW, Suite 504
Washington, DC 20001
Dear Chairman Mendelson:
Enclosed for consideration and adoption by the Council of the District of Columbia is a proposed
resolution titled “The Sojourner Truth Montessori Public Charter School Revenue Bonds Project
Approval Resolution of 2024”.
The resolution authorizes the issuance, sale, and delivery of tax-exempt revenue bonds, notes, or
other obligations in aggregate principal amount not to exceed $40,000,000. The bonds will be
used for the financing and refinancing of the acquisition, improvement, expansion, equipping,
furnishing, and development of the fee interest of the real estate comprising the current campus
located at 1800 Perry Street NE and the added campus that will be located at 3420 16
th
Street,
NE.
In accordance with section 490 of the Home Rule Act, it has been determined that the bonds,
when, as, and if issued, shall be without recourse to the District. 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 a private undertaking 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 urge the Council to take prompt and favorable action on the enclosed measure.
Sincerely,
Muriel E. Bowser
Enclosure Chairman Phil Mendelson
at the request
of the Mayor
1
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7 A PROPOSED RESOLUTION
8
9 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
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11 To authorize and provide for the issuance, sa le, and delivery in an aggregate principal amount not to
12 exceed $40 million of District of Columbia revenue bonds in one or more series pursuant to a
13 plan of finance and to authorize and provide for the loan of the proceeds of such bonds to
14 assist The Sojourner Truth Public Charter School, in the financing, refinancing, or
15 reimbursing of costs associated with an authorized project pursuant to section 490 of the
16 District of Columbia Home Rule Act.
17
18 RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
19 resolution may be cited as the "The Sojourner Truth Public Charter School Revenue Bonds
20 Project Approval Resolution
of 2024".
21
22 Sec. 2. Definitions.
23 For the purposes of this resolution, the term:
24 (1) "Authorized Delegate" means the Mayor or the Deputy Mayor for Planning
25 and Economic Development, or any officer or employee of the Executive Office of the Mayor to
26 whom the Mayor has delegated or to whom the foregoing individuals have subdelegated any of
27 the Mayor 's functions under this resolution pursuant to section 422(6) of the Home Rule Act.
28 (2) "Bond Counsel" means a firm or firms of attorneys designated as bond
29 counsel from time to time by the Mayor.
1
2
(3) “Bonds” means the District of Columbia revenue bonds, notes, or other 30
obligations (including refunding bonds, notes, and other obligations), in one or more series, 31
authorized to be issued pursuant to this resolution. 32
(4) “Borrower” means the owner, operator, manager and user of the assets 33
financed, refinanced, or reimbursed with proceeds from the Bonds, which shall be The Sojourner 34
Truth Public Charter School, a corporation organized under the laws of the District of Columbia, 35
which is exempt from federal income taxes under 26 U.S.C § 501(a) as an organization described 36
in 26 U.S.C. § 501(c)(3), and which is liable for the repayment of the Bonds). 37
(5) “Closing Documents” means all documents and agreements, other than 38
Financing Documents, that may be necessary and appropriate to issue, sell, and deliver the 39
Bonds and to make the Loan contemplated thereby , and includes agreements, certificates, letters, 40
opinions, forms, receipts, and other similar instruments. 41
(6) “District” means the District of Columbia. 42
(7) “Financing Documents” means the documents, other than Closing Documents, 43
that relate to the financing or refinancing of transactions to be effected through the issuance, sale, 44
and delivery of the Bonds and the making of the Loan, including any offering document, and any 45
required supplements to any such documents. 46
(8) “Home Rule Act” means the District of Columbia Home Rule Act, approved 47
December 24, 1973 (87 Stat. 774; D.C. Official Code § 1- 201.01 et seq. ). 48
(9) “Issuance Costs” means all fees, costs, charges, and expenses paid or incurred 49
in connection with the authorization, preparation, printing, issuance, sale, and delivery of the 50
Bonds and the making of the Loan, including, but not limited to, underwriting, legal, accounting, 51
rating agency, and all other fees, costs, charges, and expenses incurred in connection with the 52
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development and implementation of the Financing Documents, the Closing Documents, and 53
those other documents necessary or appropriate in connection with the authorization, 54
preparation, printing, issuance, sale, marketing, and delivery of the Bonds and the making of the 55
Loan contemplated thereby, together with financing fees, costs, and expenses, including program 56
fees and administrative fees charged by the District, fees paid to financial institutions and 57
insurance companies, initial letter of credit fees (if any), compensation to financial advisors and 58
other persons (other than full-time employees of the District) and entities performing services on 59
behalf of or as agents for the District. 60
(10) “Loan” means the District’s lending of proceeds from the sale, in one or 61
more series, of the Bonds to the Borrower. 62
(11) “Project” means the financing, refinancing or reimbursing of all or a portion 63
of the Borrower’s costs of: 64
(A) Refinancing a 2024 term loan from the Equitable Facilities Fund, Inc., 65
the proceeds of which were used (i) to refinance certain existing indebtedness of the Borrower, 66
the proceeds of which were used to finance the costs of leasehold improvements to the 67
Borrower’s public charter school facility located at 1800 Perry Street, NE, Washington, D.C. (the 68
“Perry Street Facility”) and (ii) to finance and refinance the costs of the acquisition, construction 69
and rehabilitation of the Borrower’s public charter school facility located at 3420 16th Street, 70
NE, Washington, D.C. (the “16th Street Facility”); 71
(B) The construction, equipping and development of the 16th Street Facility; 72
(C) Funding certain working capital costs, to the extent financeable relating 73
to the Bonds; 74
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(D) Funding any credit enhancement costs, liquidity costs or debt service 75
reserve fund relating to the Bonds; and 76
(E) Paying allowable Issuance Costs. 77
Sec. 3. Findings. 78
The Council finds that: 79
(1) Section 490 of the Home Rule Act provides that the Council may, by 80
resolution, authorize the issuance of District revenue bonds, notes, or other obligations 81
(including refunding bonds, notes, or other obligations) to borrow money to finance, refinance, 82
or reimburse costs, and to assist in the financing, refinancing, or reimbursing of, the costs of 83
undertakings in certain areas designated in section 490 and may effect the financing, refinancing, 84
or reimbursement by loans made directly or indirectly to any individual or legal entity, by the 85
purchase of any mortgage, note, or other security, or by the purchase, lease, or sale of any 86
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 $40 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, 91
education, safety, or welfare of, or the creation or preservation of jobs for, residents of the 92
District, or to economic development of the District. 93
(4) The Project is an undertaking in the area of elementary, secondary and 94
college and university facilities within the meaning of section 490 of the Home Rule Act. 95
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(5) The authorization, issuance, sale, and delivery of the Bonds and the Loan to 96
the Borrower are desirable, are in the public interest, will promote the purpose and intent of 97
section 490 of the Home Rule Act, and will assist the Project. 98
Sec. 4. Bond authorization. 99
(a) The Mayor is authorized pursuant to the Home Rule Act and this resolution to assist 100
in 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 $40 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 105
financing, refinancing or reimbursing the costs of the Project and establishing any fund with 106
respect to the Bonds as required by the Financing Documents. 107
(c) The Mayor may charge a program fee to the Borrower, including, but not limited to, 108
an 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 110
monitoring of the use of the Bond proceeds and compliance with any public benefit agreements 111
with the District, and maintaining official records of each bond transaction, and assisting in the 112
redemption, repurchase, and remarketing of the Bonds. 113
(d) The Bond authorization set forth in this resolution includes the authorization to issue 114
refunding Bonds to refinance any Bonds previously issued under this resolution 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
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(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, 121
including, 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 129
interest 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 136
the 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 139
the Bonds to ensure that the proceeds are properly applied to the Project and used to accomplish 140
the purposes of the Home Rule Act and this resolution; 141
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(10) Actions necessary to qualify the Bonds under blue sky laws of any 142
jurisdiction where the Bonds are marketed; and 143
(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 149
in 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 151
manual or facsimile signature of the Mayor, and attested by the Secretary of the District of 152
Columbia by the Secretary of the District of Columbia’s manual or facsimile signature. The 153
Mayor’s execution and delivery of the Bonds shall constitute conclusive evidence of the Mayor’s 154
approval, on behalf of the 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 158
instrument to be entered into by the District and a trustee to be selected by the Borrower subject 159
to the approval of the Mayor, and may be subject to the terms of one or more agreements entered 160
into by the Mayor 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 162
in one or more series. 163
Sec. 6. Sale of the Bonds. 164
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(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 166
the best interest of the District. 167
(b) The Mayor or an Authorized Delegate may execute, in connection with each sale of 168
the Bonds, offering documents on behalf of the District, may deem final any such offering 169
document on behalf of the District for purposes of compliance with federal laws and regulations 170
governing such matters and may authorize the distribution of the documents in connection with 171
the sale of the 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 174
the 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 176
Bond Counsel as to the validity of the Bonds of such series and, if the interest on the Bonds is 177
expected to be exempt from federal income taxation, the treatment of the interest on the Bonds 178
for purposes of 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 181
from proceeds received from the sale of the Bonds, income realized from the temporary 182
investment of those proceeds, receipts and revenues realized by the District from the Loan, 183
income realized from the temporary investment of those receipts and revenues prior to payment 184
to the Bond owners, other moneys that, as provided in the Financing Documents, may be made 185
available to the District for the payment of the Bonds, and other sources of payment (other than 186
from the District), all as provided for in the Financing Documents. 187
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(b) Payment of the Bonds shall be secured as provided in the Financing Documents and 188
by an assignment by the District for the benefit of the Bond owners of certain of its rights under 189
the Financing Documents and Closing Documents, including a security interest in certain 190
collateral, if 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 192
the 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 to which the District is a party that may be necessary or 196
appropriate to issue, sell, and deliver the Bonds and to make the Loan to the Borrower. Each of 197
the Financing Documents and each of the Closing Documents to which the District is not a party 198
shall be approved, as to form and content, by the Mayor. 199
(b) The Mayor is authorized to execute, in the name of the District and on its behalf, the 200
Financing Documents and any Closing Documents to which the District is a party by the 201
Mayor’s manual or facsimile signature. 202
(c) If required, the official seal of the District, or a facsimile of it, shall be impressed, 203
printed, or otherwise reproduced on the Financing Documents and the Closing Documents to 204
which the District is a party. 205
(d) The Mayor’s execution and delivery of the Financing Documents and the Closing 206
Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s 207
approval, on behalf of the District, of the final form and content of the executed Financing 208
Documents and the executed Closing Documents. 209
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(e) The Mayor is authorized to deliver the executed and sealed Financing Documents and 210
Closing Documents, on behalf of the District, prior to or simultaneously with the issuance, sale, 211
and delivery of the Bonds, and to ensure the due performance of the obligations of the District 212
contained in the executed, sealed, and delivered Financing Documents and Closing Documents. 213
Sec. 9. Authorized delegation of authority. 214
To the extent permitted by District and federal laws, the Mayor may delegate to any 215
Authorized Delegate the performance of any function authorized to be performed by the Mayor 216
under this resolution. 217
Sec. 10. Limited liability. 218
(a) The Bonds shall be special obligations of the District. The Bonds shall be without 219
recourse to the District. The Bonds shall not be general obligations of the District, shall not be a 220
pledge of, or involve the faith and credit or the taxing power of, the District, shall not constitute a 221
debt of the District, and shall not constitute lending of the public credit for private undertakings 222
as prohibited in section 602(a)(2) of the Home Rule Act. 223
(b) The Bonds shall not give rise to any pecuniary liability of the District and the District 224
shall have no obligation with respect to the purchase of the Bonds. 225
(c) Nothing contained in the Bonds, in the Financing Documents, or in the Closing 226
Documents shall create an obligation on the part of the District to make payments with respect to 227
the Bonds from sources other than those listed for that purpose in section 7. 228
(d) The District shall have no liability for the payment of any Issuance Costs or for any 229
transaction or event to be effected by the Financing Documents. 230
(e) All covenants, obligations, and agreements of the District contained in this resolution, 231
the Bonds, and the executed, sealed, and delivered Financing Documents and Closing 232
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Documents to which the District is a party, shall be considered to be the covenants, obligations, 233
and agreements of the District to the fullest extent authorized by law, and each of those 234
covenants, obligations, and agreements shall be binding upon the District, subject to the 235
limitations set forth in this resolution. 236
(f) No person, including, but not limited to, the Borrower and any Bond owner, shall have 237
any claims against the District or any of its elected or appointed officials, officers, employees, or 238
agents for monetary damages suffered as a result of the failure of the District or any of its elected 239
or appointed officials, officers, employees or agents to perform any covenant, undertaking, or 240
obligation under this resolution, the Bonds, the Financing Documents, or the Closing 241
Documents, or as a result of the incorrectness of any representation in or omission from the 242
Financing Documents or the Closing Documents, unless the District or its elected or appointed 243
officials, officers, employees, or agents have acted in a willful and fraudulent manner. 244
Sec. 11. District officials. 245
(a) Except as otherwise provided in section 10(f), the elected or appointed officials, 246
officers, employees, or agents of the District shall not be liable personally for the payment of the 247
Bonds or be subject to any personal liability by reason of the issuance, sale or delivery of the 248
Bonds, or for any representations, warranties, covenants, obligations, or agreements of the 249
District contained in this resolution, the Bonds, the Financing Documents, or the Closing 250
Documents. 251
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of 252
any official appearing on the Bonds, the Financing Documents, or the Closing Documents shall 253
be valid and sufficient for all purposes notwithstanding the fact that the individual signatory 254
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ceases to hold that office before delivery of the Bonds, the Financing Documents, or the Closing 255
Documents. 256
Sec.12. Maintenance of documents. 257
Copies of the specimen Bonds and of the final Financing Documents and Closing 258
Documents shall be filed in the Office of the Secretary of the District of Columbia. 259
Sec.13. Information reporting. 260
Within 3 days after the Mayor’s receipt of the transcript of proceedings relating to the 261
issuance of the Bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the 262
Council. 263
Sec. 14. Disclaimer. 264
(a) The issuance of Bonds is in the discretion of the District. Nothing contained in this 265
resolution, the Bonds, the Financing Documents, or the Closing Documents shall be construed as 266
obligating the District to issue any Bonds for the benefit of the Borrower or to participate in or 267
assist the Borrower in any way with financing, refinancing, or reimbursing the costs of the 268
Project. The Borrower shall have no claims for damages or for any other legal or equitable relief 269
against the District, its elected or appointed officials, officers, employees, or agents as a 270
consequence of any failure to issue any Bonds for the benefit of the Borrower. 271
(b) The District reserves the right to issue the Bonds in the order or priority it determines 272
in its sole and absolute discretion. The District gives no assurance and makes no representations 273
that any portion of any limited amount of bonds or other obligations, the interest on which is 274
excludable from gross income for federal income tax purposes, will be reserved or will be 275
available at the time of the proposed issuance of the Bonds. 276
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(c) The District, by adopting this resolution or by taking any other action in connection 277
with financing, refinancing, or reimbursing costs of the Project, does not provide any assurance 278
that the Project is viable or sound, that the Borrower is financially sound, or that amounts owing 279
on the Bonds or pursuant to the Loan will be paid. Neither the Borrower, any purchaser of the 280
Bonds, nor any other person shall rely upon the District with respect to these matters. 281
Sec. 15. Expiration. 282
If any Bonds are not issued, sold, and delivered to the original purchaser within 3 years of 283
the date of this resolution, the authorization provided in this resolution with respect to the 284
issuance, sale, and delivery of the Bonds shall expire. 285
Sec. 16. Severability. 286
If any particular provision of this resolution or the application thereof to any person or 287
circumstance is held invalid, the remainder of this resolution and the application of such 288
provision to other persons or circumstances shall not be affected thereby. If any action or 289
inaction contemplated under this resolution is determined to be contrary to the requirements of 290
applicable law, such action or inaction shall not be necessary for the purpose of issuing the 291
Bonds, and the validity of the Bonds shall not be adversely affected. 292
Sec. 17. Compliance with public approval requirement. 293
This approval shall constitute the approval of the Council as required in section 147(f) of 294
the Internal Revenue Code of 1986, as amended (“Code”) , and section 490(k) of the Home Rule 295
Act, for the Project to be financed, refinanced, or reimbursed with the proceeds of the Bonds. 296
This resolution approving the issuance of the Bonds for the Project has been adopted by the 297
Council after a public hearing held in accordance with section 147(f) of the Code, as such section 298
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may be amended, and the corresponding regulations promulgated by the United States 299
Department of the Treasury. 300
Sec. 18. Transmittal. 301
The Council shall transmit a copy of this resolution, upon its adoption, to the Mayor. 302
Sec. 19. Fiscal impact statement. 303
The Council adopts the fiscal impact statement in the committee report as the fiscal 304
impact statement required by section 4a of the General Legislative Procedures Act of 1975, 305
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1- 301.47a). 306
Sec. 20. Effective date. 307
This resolution shall take effect immediately. 308 Sojourner Truth Montessori Public Charter School
Revenue Bond Project
FACT SHEET
The Sojourner Truth Montessori Public Charter School has requested that the District issue up to
$40,000,000 in tax -exempt bonds, in connection with the financing, of its facility located at 1800
Perry Road NE in Ward 5.
The Applicant
Sojourner Truth Montessori Public Charter School’s (STMPCS’s) focus is to empower students
to transform the world. STMPCS builds on Montessori commitment to deep, personalized
learning through carefully designed classroom environments and freedom within limits. This
fosters student-led classrooms through appropriate environmental structure, enables students to
engage in meaningful work with real world applications, and offers a close-knit community
where students pursue justice and practice stewardship.
Open since 2020 serving grades 6-11, Sojourner had a total enrollment of approximately 275.
Students at STMPCS will graduate ready for success in college, career, and life. They will serve
as active agents in the construction of peace. They will know who they are, what they want, and
where they are going. They can walk into any space, find their place, and make a powerful
contribution.
STMPCS honors self-development, pursues justice everywhere, designs for a positive impact,
and challenges the mind, body and soul.
Proposed Project
The bonds will be used for the financing and refinancing of the acquisition, improvement, expansion, equipping, furnishing, and development of the fee interest of the real estate comprising the current campus located at 1800 Perry Street NE and the added campus that will be located at 3420 16
th
Street, NE.
Financing Plan
A summary of the proposed sources and uses of funds is attached (see Table 1).
Feasibility/Structure/Security of the Bonds
Equitable Facilities Fund will serve as financial advisor to STMPCS. They have determined this
financing to be financially feasible.
Public Purpose Benefits
STMPCS provides a mentor for all students. This creates the added one-on-one coaching
sessions, for educational and social development. STMPCS brings another educational option for
District residents.
Legal and Regulatory Affairs
The law firm, Orrick LLC, will bond counsel to the Industrial Revenue Bond Program, has
preliminarily determined that the applicant is a 501(c)(3) organization, and the project constitutes a permissible undertaking in Section 490(a)(1) of the District of Columbia Home Rule Act. Based on the foregoing, we have determined that the proposed project complies with criteria for approval of proposed financing through the District’s Revenue Bond Program and that the proposed project will enhance employment opportunities and contribute to community betterment.
TABLE 1
PROPOSED SOURCES AND USES OF FUNDS
SOURCES OF FUNDS
Bond Proceeds $40,000,000
Total Sources of Funds $40,000,000
USE OF FUNDS
Refinance/Refunding $5,157,650
Building Renovation $28,828,915
Architectural/Engineering $3,079,767
Machinery and Equipment $450,000
Program Fee $100,000
Counsel fees (Borrower’s and Bond’s) $190,000
Other Counsel Fees $105,000
Trustee’s Fee $15,000
Underwriter Placement fee $188,500
Additional Issuance cost $95,168
Net Capitalized Interest $1,270,000
Contingency $520,000
Total Uses of Funds $40,000,000 GOVERNMENT OFTHEDISTRICTOFCOLUMBIA.
OfficeoftheAttorneyGeneral
xk
Commercial ci!
‘TaxandFinanceSection LorineSl)
MEMORANDUM
TO: WilliamLiggins,Director
D.C.RevenueBond-EnterpriseZoneProgram
OfficeoftheDeputyMayorforPlanning
andEconomicDevelopment
FROM:AndreaR.Littlejohn’?
SeniorAssistantAttorneyGeneral
DATE: September18,2024
SUBJECT:LegalSufficiencyReview:SojournerTruthPublicCharterSchoolRevenue
BondsProjectApprovalResolutionof2024
Thisrespondstoarequestfromyourofficetoreviewforlegalsufficiencytheattacheddraftofthe
above-referencedproposedresolution.Forpurposesofthisreview,thisOfficepremisesits
conclusionontheassumptionthatyourofficehasdeterminedthattheBorrowerasdefinedinthe
aforementionedresolutionisa“qualifiedapplicant”withinthemeaningofSection490ofthe
DistrictofColumbiaHomeRuleAct.
Areviewoftheattacheddraftoftheabove-referencedproposedresolutionindicatesthatthedraft
proposedresolutionconformswiththeModelRevenueBondResolutionjointlydraftedand
determinedtobelegallysufficientbytheGeneralCounseloftheCouncil,theOfficeoftheAttorney
General,andtheDistrict'sbondcounsel.Accordingly,wefindtheattacheddraftoftheabove-
referencedproposedresolutionlegallysufficient.
Pleasecontactmeat724-7761ifyouhavefurtherquestionsorconcerns.
Attachment:TheSojournerTruthPublicCharterSchoolRevenueBondsProjectApproval
Resolutionof2024
ARL/arl
400SixthStreet,N.W.,Suite9100,Washington,DC20001Tel.:(202)724-7761Fax:(202)730-0486