Natwar Gandhi, Chief Financial Officer
Statement on stadium lease agreement
February 13, 2006

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GOVERNMENT OF THE DISTRICT OF COLUMBIA
OFFICE OF THE CHIEF FINANCIAL OFFICER

Chief Financial Officer Gandhi Issues Statement on Stadium Lease Agreement

(Washington, D.C.) District of Columbia Chief Financial Officer Natwar M. Gandhi has issued a letter to Mayor Anthony Williams and Council Chair Linda Cropp regarding financing for the new Washington Nationals baseball stadium proposed for Southeast.

Gandhi has said that the OCFO "will move forward with the stadium bond financing if the Mayor signs the "Ballpark Hard and Soft Costs Cap and Ballpark Lease Conditional Approval Emergency Act of 2006" passed last week, and if by close of business on March 6, 2006, Major League Baseball (MLB) and the Sports and Entertainment Commission (Commission) acknowledge and accept in writing the terms stated in the legislation so Gandhi can proceed with the certification necessary before the sale of bonds can proceed.

Certification that the funds are available to meet the terms of the lease agreement is necessary before the bonds to finance the stadium can be issued.

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Natwar M. Gandhi
Chief Financial Officer

February 13, 2006

The Honorable Linda W. Cropp 
Chairman
Council of the District of Columbia
1350 Pennsylvania Avenue, NW - Suite 504 
Washington, DC 20004

Dear Chairman Cropp:

I am writing this letter to inform you that the OCFO will move forward with the stadium bond financing if the Mayor signs the Ballpark Hard and Soft Costs Cap and Ballpark Lease Conditional Approval Emergency Act of 2006 (Act) passed last week, and if by close of business on March 6, 2006, Major League Baseball (MLB) and the Sports and Entertainment Commission (Commission) acknowledge and accept in writing the terms stated in the Act such that I can provide the required certification.

Sincerely,
Natwar M. Gandhi

CC: The Honorable Anthony A. Williams, Mayor
The Honorable Carol Schwartz (At-Large)
The Honorable David Catania (At-Large)
The Honorable Kwame Brown (At-Large)
The Honorable Phil Mendelson (At-Large)
The Honorable Jim Graham (Ward 1)
The Honorable Jack Evans (Ward 2)
The Honorable Kathleen Patterson (Ward 3)
The Honorable Adrian Fenty (Ward 4)
The Honorable Vincent Orange (Ward 5)
The Honorable Sharon Ambrose (Ward 6)
The Honorable Vincent Gray (Ward 7)
The Honorable Marion Barry (Ward 8)
Arte Blitzstein, Budget Director, Council of the District of Columbia 
Rob Miller Legislative Counsel, Office of the Chairman 
Mark Tuohey, Chairman, DC Sports and Entertainment Commission 
Steven Goldsmith, Chairman, Anacostia Waterfront Corporation 
Robert Bobb, Deputy Mayor and City Administrator
Alfreda Davis, Chief of Staff to the Mayor
Robert DuPuy, President and Chief Operating Officer, Major League Baseball