The "Harmony DC Public Charter Schools Revenue Bonds Project Approval Resolution of 2026" seeks the Council of the District of Columbia's authorization to issue up to $17 million in tax-exempt revenue bonds. The funds will be used by Harmony DC Public Charter School for the acquisition, renovation, and development of a new facility at 2917 8th Street, NE, which will serve approximately 184 students. Importantly, the resolution clarifies that these bonds will not create any financial liability for the District, as they will not involve the District's full faith and credit or taxing power.
The resolution outlines the responsibilities of the Mayor and authorized delegates in managing the bond issuance, ensuring compliance with legal requirements, and maintaining necessary documentation. It emphasizes that the bonds will be secured by the proceeds from their sale and other revenues, rather than District funds. The project aims to enhance educational facilities and contribute to the welfare and economic development of the District, with legal reviews confirming its alignment with the District's Revenue Bond Program criteria. The Mayor encourages prompt action from the Council to support this initiative.