The resolution, titled the USBC Economic Development Corporation Revenue Bonds Project Emergency Declaration Resolution of 2025, declares an emergency to authorize the issuance of up to $37.5 million in District of Columbia revenue bonds. The proceeds from these bonds will be loaned to the U.S. Black Chambers Economic Development Corporation (USBC) to finance, refinance, or reimburse costs associated with acquiring and renovating properties for their headquarters facility. The specific properties include 1301 W Street, NE, and leasehold interests in several other locations, along with funding for necessary equipment and related costs.

The resolution emphasizes the urgency of expediting the bond issuance process due to current economic uncertainties that could hinder the Borrower's ability to attract investors or secure favorable interest rates. By approving this emergency resolution, the Council aims to facilitate timely funding for the project, ensuring that the USBC can complete its planned developments efficiently and effectively. The resolution takes effect immediately upon adoption.