Mayor could exchange Poplar Point land and acquire a road parcel

The bill would authorize the Mayor to dispose of Parcel B and the Road Swap Parcel. Parcel B is about 12.5 acres at Poplar Point. The Road Swap Parcel is about one-half acre; the bill does not name its recipient. Transaction documents must follow the term sheet’s main business terms unless the Council approves changes. The term sheet describes exchanges in which the District transfers Parcel B to the Navy and the Road Swap Parcel to the Parcel 7 Owner. The authority to dispose of these parcels would expire 10 years after the act takes effect.

The bill would authorize the Mayor to acquire Parcel 7. Parcel 7 is Square 5860, Lot 1041. The term sheet says it would allow a new main entrance road from Howard Road into Poplar Point. The term sheet describes an exchange in which the Parcel 7 Owner transfers the parcel to the District, while the District transfers the Road Swap Parcel to that owner.