The resolution authorizes the issuance of up to $25 million in District of Columbia revenue bonds to support The Field School, Inc. in financing various campus projects, including the construction of an Innovation Center, renovations of existing facilities, and the development of athletic fields. The funds raised through these bonds will be allocated for financing, refinancing, or reimbursing costs associated with these projects, which are considered beneficial to the District's health, education, and economic development. The resolution also delineates the roles of the Mayor and other authorized delegates in overseeing the bond issuance process and ensuring compliance with applicable laws.

Importantly, the bonds will be classified as special obligations of the District, meaning they will not create a debt or pledge the District's credit or taxing power. The repayment of the bonds will rely solely on the proceeds from the bond sale and other designated revenues, with no additional liability for the District. The resolution includes provisions for the delegation of authority, execution of necessary documents, and the establishment of bond terms, while also clarifying that the District is not obligated to issue bonds for the benefit of the Borrower or guarantee the project's viability. The authorization for the bonds will expire if not issued within three years, and the resolution takes effect immediately upon adoption.