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CareFirst, Inc. Economic Assistance Act Emergency Declaration Resolution of 2002
PR 14-860

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Chairman Linda Cropp, at the request of the Mayor


To declare the existence of an emergency with respect to the need to adopt legislation authorizing the waiver of sales and use taxes during construction and certain employment tax credits to CareFirst, Inc. in connection with the acquisition and construction of a new headquarters building in the District of Columbia.

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the "CareFirst, Inc. Economic Assistance Act Emergency Declaration Resolution of 2002".

Sec. 2. (a) CareFirst, Inc. has agreed to construct a new headquarters building to be located at 840 First Street, NE, designated as Square 675, Lot 848 (Record Lot 297) (the "CareFirst Project") at which approximately 1,200 persons will be employed.

(b) Development of the CareFirst Project will keep jobs in the District, will provide employment opportunities for District residents and will result in additional real property, franchise, personal property, sales and personal income taxes to the District.

(c) CareFirst anticipates commencing construction on the CareFirst Project within the next 60 days.

(d) It is essential that the economic assistance pledged by the District to encourage CareFirst to keep its headquarters building in the District be approved prior to the start of construction of the CareFirst Project.

Sec. 3. The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the CareFirst, Inc. Economic Assistance Emergency Act of 2002 be adopted after a single reading.

Sec. 4. This resolution shall take effect immediately.

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