The "Field School, Inc. Revenue Bonds Project Approval Resolution of 2025" seeks the approval of the Council of the District of Columbia to issue up to $25 million in tax-exempt revenue bonds. The funds will be used for constructing a new 15,000 square foot Innovation Center and renovating existing facilities, including the Wonder Building and athletic fields, at The Field School's campus in Ward 3. Importantly, the resolution specifies that these bonds will not be a general obligation of the District, meaning they will not involve the District's full faith, credit, or taxing power, thereby ensuring no financial liability for the District.

The resolution also authorizes the Mayor to delegate functions related to the bond issuance and outlines the procedures for managing the bonds, which will be secured solely by the proceeds from their sale and other non-District sources. This approach protects the District from any financial obligations associated with the bonds. The Field School, a private college preparatory institution, aims to enhance its facilities to better serve its diverse student body, and the proposed financing aligns with the District's Industrial Revenue Bond Program criteria. The resolution includes provisions for documentation and reporting, emphasizing that the issuance of bonds is at the District's discretion and does not guarantee the project's financial viability.