The proposed bill is a Third Amendment to the In-Lease Agreement between the District of Columbia and 450 H. Street, LLC and 37 East 450 H., LLC, which seeks to extend the lease for approximately 31,340 square feet of office space at 450 H Street, NW for an additional five years, from July 1, 2025, to June 30, 2030. The space is currently occupied by the Department of Youth Rehabilitation Services (DYRS), and the amendment includes provisions for an annual rental amount of $1,898,263.80 for the first year, with scheduled escalations and a Tenant Improvement Allowance of $850,000 for necessary upgrades. The District will not have the right to further extend the lease or an option to purchase the property.

Additionally, the amendment outlines the responsibilities of both parties regarding tenant improvements, including compliance with the Davis-Bacon Act and the requirement for the landlord to provide a final accounting of all costs associated with the improvements. The bill also updates notice requirements for communication between the District and the landlord, establishes joint liability for multiple property owners, and clarifies that the lease does not create a partnership or joint venture. Overall, the amendments aim to clarify responsibilities, ensure compliance with labor laws, and streamline communication between the parties involved.