The resolution, titled the Society for Science and the Public Revenue Bonds Project Emergency Declaration Resolution of 2025, declares an emergency to authorize the issuance of up to $25 million in District of Columbia revenue bonds. The funds from these bonds will be loaned to Society 1776 Mass Ave LLC, a limited liability company owned by the Society for Science and the Public, to finance various costs associated with the acquisition, redevelopment, and renovation of a property located at 1776 Massachusetts Avenue, NW, Washington, DC. This includes covering interest on the bonds, funding a debt service reserve, and covering issuance costs.

The resolution emphasizes the urgency of expediting the bond issuance process due to current economic uncertainties in the financial markets, which could hinder the Borrower's ability to attract investors or secure favorable interest rates. By approving this resolution, the Council aims to facilitate timely funding for the project, ensuring that it can be completed efficiently and cost-effectively. The resolution is set to take effect immediately upon adoption.