The resolution, titled the Maret School, Inc. Revenue Bonds Project Emergency Declaration Resolution of 2025, declares an emergency to authorize the issuance of up to $37 million in District of Columbia revenue bonds. The funds from these bonds will be loaned to Maret School, Inc., a nonprofit organization, to finance, refinance, or reimburse costs associated with various projects, including the renovation and construction of educational and athletic facilities at their campuses. The resolution aims to expedite the bond issuance process due to current economic uncertainties in the financial markets, which could impact the Borrower's ability to secure favorable interest rates.

The resolution outlines specific uses for the bond proceeds, including refunding previous bonds, funding capital expenditures, and covering costs related to the project, such as interest payments and issuance costs. The Council of the District of Columbia recognizes the urgency of this matter and has determined that immediate adoption of the resolution is necessary to facilitate the timely completion of the projects and maximize savings for the Borrower. The resolution takes effect immediately upon adoption.