The Philip Reed Memorial Park Designation Act of 2026 officially designates the park located in Lot 1 of Square 4351 as Philip Reed Memorial Park. This designation is made pursuant to the Street and Alley Closing and Acquisition Procedures Act of 1982, which outlines the necessary procedures for such actions. The act includes a reference to the plat depicted in the committee report that illustrates the specific location of the park.

Additionally, the bill adopts the fiscal impact statement from the committee report, fulfilling the requirements set forth by the General Legislative Procedures Act of 1975. The act will take effect after receiving approval from the Mayor, or following a Council override of a potential veto, and after a 30-day congressional review period as mandated by the District of Columbia Home Rule Act.