The resolution authorizes the issuance of up to $15 million in District of Columbia revenue bonds to support the Early Childhood Academy Public Charter School in financing various costs related to the acquisition and renovation of a facility located at 885 Barnaby Street, SE, Washington, DC. This funding will cover construction, equipping, working capital, and related issuance costs. The resolution delineates the responsibilities of key officials, including the Mayor and the Deputy Mayor for Planning and Economic Development, in facilitating the bond issuance and loan process, while emphasizing the project's public interest in enhancing education and welfare for District residents.

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. Payment for the bonds will be secured solely from the proceeds of the bond sale and other specified revenues, ensuring no additional financial liability for the District. The resolution also includes provisions that protect district officials from personal liability related to the bonds, mandates the filing of bond documents with the Secretary of the District of Columbia, and establishes a three-year expiration for the bond authorization if not executed within that period. The resolution is effective immediately upon adoption, while also clarifying that the District has discretion in issuing bonds and does not guarantee the project's viability or the financial soundness of the borrower.