Council Chairman Phil Mendelson said he expects his colleagues to approve everything by mid-July, before the council exits for a long summer recess.
Let’s get to some relevant passages:
The District will spend up to $89 million on land acquisition and $61 million on land preparation. If, as a result of eminent domain action against Akridge, the land acquisition costs go up, D.C. United will reimburse D.C. 50 percent of the excess to a maximum amount of $10 million, paid in annual installments as part of the team’s ground lease.
D.C. will pay Pepco $39,345,788 for its parcel (plus $1 million for the removal of combustion turbines), $15,861,752 for the Super Salvage land and $10,325,920 for Mark Ein’s lot. In a separate agreement, Pepco will pay the District $15.8 million for land at First and K streets NW.
Per the revised development agreement, D.C. United must provide the District with its utility requirements for the stadium and any ancillary development by Sept. 1. The city will bring utility service to the perimeter of the stadium land, but the team will be responsible for the installation and connection of new utility lines and service to the stadium.
D.C. United must submit one or more conceptual design proposals by Sept. 1, final conceptual design by March 1, development design by June 1, 2016, permit drawings by Sept. 1, 2016, and construction drawings by Dec. 31, 2016.
The team must enter into a definitive construction contract by Jan. 1, 2017, which must provide for a $1.5 million workforce incentive program to drive up the number of employed D.C. residents.
Relocation and rearrangement of utilities by the District must be complete by Sept. 1, 2016. The agreement does not set a specific deadline for completion of roads, sidewalks, traffic signals and highway signage except “prior to substantial completion of the Stadium.”
The lease for the stadium footprint is for an initial period of 30 years, with three five-year optional extensions. The lease carries a price of $1 per year. If D.C. United develops adjacent, D.C.-owned land, that rent — equal to 5 percent of the fair market value of the improvements — won’t be due for 35 years.
The District also has agreed to consider re-sequencing its streetcar plans to advance a line between Buzzard Point and downtown, though it does not stop the city from “discontinuing, rerouting or curtailing” the streetcar.
The city will not be required to remediate petroleum contaminated soil provided that the dirt can be excavated and tipped at an approved disposal facility. The excavation will be financed by the team as part of the construction of the stadium, while the District will pay the incremental cost of disposing the contaminated soil.
A “No Relocation Agreement” requires D.C. United to play “substantially” all of its home games at the new stadium, to maintain its principal offices in the District, and to make “reasonable efforts” to locate its practice field and any related facilities in the city.
The District will be entitled to use a designated luxury suite and 25 box seats for all games and all other stadium events.
The team will control the naming and any other stadium-related promotional rights.