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 other related expenses. The resolution delineates the responsibilities of key officials, including the Mayor and the Deputy Mayor for Planning and Economic Development, in managing the bond issuance process and executing necessary documents.

Importantly, the bonds will be classified as special obligations of the District, meaning they will not create any debt or financial liability for the District itself, as repayment will be secured solely from the proceeds of the bond sale and other specified sources. The resolution also includes provisions to protect district officials from personal liability related to the bonds and establishes a three-year expiration for the bond authorization if not sold within that period. It emphasizes the District's discretion in issuing the bonds and clarifies that there is no guarantee of the project's viability or the financial soundness of the borrower, ensuring compliance with public approval requirements. The resolution takes effect immediately upon adoption.