The bill proposes an Eleventh Amendment to the existing lease agreement between the District of Columbia and VEF-VN Capitol Plaza I, LLC, to add 22,986 square feet of office space at 1200 First Street, NE, for the District of Columbia Public Schools (DCPS). The amendment stipulates that no rental payments will be incurred until October 1, 2025, with an annual rental rate of $47.50 per rentable square foot, which is below market rate. The lease will last approximately 13 years with an option to extend for an additional 5 years. The amendment is necessitated by the relocation of DCPS personnel due to an expansion by the Board of Elections, aiming to enhance security and response capabilities. It also includes provisions for tenant improvements, parking space increases, and compliance with security and IT requirements.

Additionally, the bill incorporates various labor law amendments, particularly focusing on wage determinations for laborers and mechanics on public works projects, ensuring compliance with the Davis-Bacon Act. It mandates that contractors maintain accurate payroll records, submit them weekly, and adhere to specific wage rates and fringe benefits. The bill also emphasizes the importance of local business participation by increasing the Small Business Enterprises (SBE) and Certified Business Enterprises (CBE) participation rate from 35% to 50% for tenant improvements. Furthermore, it establishes a clear appeals process for wage determinations and outlines penalties for non-compliance, aiming to enhance transparency, accountability, and worker protections in federally funded projects.