00101581 —

Apr 21-0:20
Listing Began:

Description

Seller's Comments and Description:

NOTICE OF TELEPHONIC PUBLIC HEARING

WITH RESPECT TO PROPOSED REVENUE BOND FINANCING

BY THE DISTRICT OF COLUMBIA

9:30 A.M., April 29, 2026

800-320-6495; or Zoom at: https://zoom.us/join

Meeting ID: 996 0317 6927; Passcode: 580942

Notice is hereby given that the District of Columbia (the “District”) will hold a virtual public hearing with respect to the proposed issuance by the District of its tax-exempt revenue bonds (in one or more series or issues) in an aggregate principal amount not to exceed $375,000,000 (the “Bonds”). The proceeds of the Bonds will be used to make a loan to PRG Wonder Plaza Properties Inc. (the “Borrower”). The loan will be used to finance, refinance or reimburse the Borrower for certain costs of:

(1) the acquisition from Howard University of long-term leasehold interests in the site located at 2301 Georgia Avenue, N.W., Washington, D.C., comprising approximately 1.59 acre of land (the “Site”), and the use of the acquisition price by Howard University to finance a portion of its capital plan with respect to the facilities on its Main Campus;

(2) the renovation of the existing approximately 110,000 square feet building located on the Site into an approximate 400,000 square feet mixed-use facility consisting of (i) a student housing complex consisting of a mix of units with approximately 591 beds, (ii) an approximate 80,000 square foot health, wellness and recreation center to be utilized by Howard University, (iii) an approximate 8,500 square foot dining hall facility, (iv) approximately 10,000 square feet of streel level retail, and (v) and related parking facilities (collectively, the “Wonder Plaza Redevelopment”);

(3) refinancing certain existing indebtedness, the proceeds of which were used to finance certain initial development costs relating to the Wonder Plaza Redevelopment and certain capital improvements to the Ralph J. Bunche International Affairs Center, located at 1805 7th St NW, Washington, D.C. 20001;

(4) the purchase of certain equipment and furnishings for the Wonder Plaza Redevelopment, all located at the Site, together with other property, real and personal, functionally related and subordinate thereto;

(5) funding certain working capital costs or capitalized interest, to the extent financeable;

(6) funding interest on the Bonds and any credit enhancement costs, liquidity costs or debt service reserve fund relating to the Bonds; and

(7) paying Issuance Costs and other related costs to the extent permissible.

Howard University’s Main Campus has an official mailing address of 2400 6 th Street, N.W., Washington, D.C. 20059. The boundaries for the Main Campus are as follows: beginning at Georgia Avenue and Gresham Place, the boundary line runs east to the western edge of 511 Gresham Place, north to Hobart Place, and continues east to 5 th Street. Here it turns south continuing along 5 th Street, past 4 th Street and Howard Place to the northern edge of a quadrangle of dormitories located on 4 th Street and runs behind the dorms until it reaches Bryant Street. The boundary line continues west to 4 th Street then runs south to W Street and then west to the church at 5 th and W Streets. It continues south along the church property to the alley paralleling V Street. From this point it runs east to 4 th Street. After running south on 4 th Street, to Oakdale Street, it runs west to vacant lots that face 4 th Street and then south along the rear of those properties to the middle of the block. At mid-block, it turns west to 5 th Street and then south past Elm Street to the alley beyond the Howard University Hospital site. It turns west for approximately 160 feet and then south to U Street. Here it turns west down U Street to Bohrer Street. At this intersection, it continues northwest to Georgia Avenue. The boundary line continues north on Georgia Avenue to V Street. Here it turns west and runs to 8 th Street. It continues north on 8 th Street for approximately 520 feet, and then westward across 9 th Street to Florida Avenue. The boundary follows Florida Avenue, N.W. to Sherman Avenue and Barry Place. Here it turns east again and runs out Barry Place to Georgia Avenue. The boundary line then runs north to Gresham Place.

Included in the boundaries are several satellite properties: The John Burr Gymnasium at 6th and Girard Streets, N.W.; the School of Business at 2600 6th Street, N.W.; the Alain Locke Hall at as 2441 6th Street, N.W.; the Power Plant at 2240 6th Street, N.W.; and the Howard University Hospital at 2041 Georgia Avenue, N.W.

All of the facilities will be owned, operated and managed by the Borrower or Howard University or their agents. All of the facilities are being used by the Borrower and Howard University in connection with their educational purposes.

The Bonds will be special, limited obligations of the District payable from loan payments received from the Borrower and other amounts pledged therefor. The Bonds will not be a general obligation of the District and will not be a pledge of or involve the faith and credit or the taxing power of the District.

The virtual public hearing, which may be continued or adjourned, will be held at 9:30 a.m. on April 29, 2026, using the dial-in telephone number and access code or the Zoom meeting provided at the top of this notice. Persons who wish to present oral testimony at the telephonic hearing should provide their names, addresses and telephone numbers, as well as the organization they represent (if any), to William Liggins at (202) 812-6090. Please feel free to contact William Liggins at William.liggins@dc.gov to request a meeting invitation to the Zoom meeting. Each person presenting oral testimony will be limited to 4 minutes and should provide Mr. Liggins with 5 written copies of their testimony at, or prior to, the hearing. Persons wishing to submit only written testimony may submit their testimony by 5:00 p.m. on April 27, 2026, to: William Liggins, Office of the Deputy Mayor for Planning and Economic Development, D.C. Revenue Bond-Enterprise Zone Program, 1015 Half Street, SE, Suite 675, Washington, DC 20003 or email to William.liggins@dc.gov.

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