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PR 26-0355

Richard Wright Public Charter School Revenue Bonds Project Approval Resolution of 2025

26th Council Period (2025-2026) Introduced by Phil Mendelson

PR 26-0355: Richard Wright Public Charter School Revenue Bonds Project Approval Resolution of 2025 SummaryThis resolution approves the issuance of up to $15 million in revenue bond

Resolution R26-0255, Effective from Nov 18, 2025 Published in DC Register Vol 72 and Page 013122
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Bill Summary · PR 26-0355

PR 26-0355: Richard Wright Public Charter School Revenue Bonds Project Approval Resolution of 2025

Summary

This resolution approves the issuance of up to $15 million in revenue bonds to finance the construction and renovation of facilities for the Richard Wright Public Charter School in Washington, D.C. The resolution authorizes the District of Columbia to issue the bonds, which will be repaid using the school's operating revenues.

Key Provisions

  • Approves the issuance of up to $15 million in revenue bonds to finance capital improvements for the Richard Wright Public Charter School
  • Authorizes the District of Columbia to issue the bonds, which will be repaid using the school's operating revenues
  • Allows the bonds to be issued as tax-exempt or taxable, with a maximum term of 30 years
  • Requires the school to maintain appropriate insurance coverage and comply with relevant building codes and regulations
  • Grants the Mayor authority to take necessary actions to facilitate the bond issuance and project implementation

Affected Parties

  • Richard Wright Public Charter School: Will receive funding for facility construction and renovations
  • District of Columbia government: Will issue the revenue bonds and oversee the project
  • Taxpayers: May be indirectly affected if the bond repayments impact the District's budget

Timeline and Process

  • The resolution was introduced on October 17, 2025 and approved with Resolution Number R26-0255.
  • The bonds are expected to be issued within 6 months of the resolution's approval, with construction and renovations to be completed within 24 months.
  • The District of Columbia Council held a public hearing and voted unanimously to approve the resolution.

Overall, this resolution provides critical funding to support the facilities needs of the Richard Wright Public Charter School, which serves over 800 students in the District of Columbia.

Compiled from official sources — confirm details with the bill’s official record.

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