Capitol Hill Day School -- Sign

Jason Gray, Head of School, Stephen Mercer and Lester Edwards from Mercer Contracting, LLC, pose with the sign at the entrance of the School's temporary location at 1000 5th Street, SE.

The sign was designed and crafted by Ted Gerhart, Gerhart Studios, Lancaster, PA.

Progress Report 1000 5th Street SE - August 12, 2011

The District of Columbia Department of Consumer and Regulatory Affairs (DCRA) issued a building permit to allow us to assemble the modular classroom units on our temporary location, 1000 5th Street SE. Our supplier, Mobile Modular, has contracted with Mobile Home Master Movers of North Carolina to set up and trim out the units. We have received two sections and fourteen more are on the road from Florida, where they were assembled, to the site and are expected to arrive over the next few days.

Master Movers will set the units on their foundations, secure the units to each other, and trim out or finish the ceilings and floors so the final space appears seamless.

Once the modular units have been assembled electrical, plumbing, fire and life safety, security and communications personnel will complete specialized tasks in their areas of expertise.

Jimmy Welsh, Master Movers' Site Supervisor, reviews the work-in-progress with Chris Regan, Capitol Hill Day School's Project Manager, and Juan Garzon, Third Party Inspection Coordinator, Amar Group, LLC.

Renovation Bond Financing Completed July 20,2011

Jocelyn Kho, Secretary, Board of Trustees, Capitol Hill Day School, Jason Gray, Head of School, and Jim Woolwine, Business Manager, signed all the documents to enable the School to borrow $4,500,000 by issuing tax exempt bonds which were purchased by TD Bank. The proceeds of the loan will finance the Dent School Renovation project.


Lender: TD Bank, Patricia A. Lenahan, Senior Vice-President
School's Counsel: Arent Fox, Eve Corbin, Partner
Financial Advisor: Davenport & Company, LLC, Roland Kooch, Jr., Vice-President

Closing was at the offices of Squire, Saunders & Dempsey, LLP, Bond Counsel for the District of Columbia.

First Photo Credit: Eve Corbin

DC Council - Committee on Finance and Revenue

Jim Woolwine, Business Manager, Capitol Hill Day School, testified on Monday, June 20th before the District of Columbia City Council Committee on Finance and Revenue. The Committee Chair, Council Member Jack Evans, Presided.

Stan Jackson, Project Manager, Office of the Deputy Mayor for Planning and Economic Development, DC Revenue Bond-Enterprise Zone Program, introduced the School's proposed tax exempt bond application and reviewed the clearance process that the School has completed.

Jim Woolwine's testimony stated that the School intends to utilize the bond proceeds to finance the renovation, equipping, and furnishing of the former Dent school Building, a 19th Century structure located at 210 South Carolina Avenue, SE.

There were no questions for Mr. Jackson or Mr. Woolwine from the Chair nor was there any public comment. The resolution will now proceed through mark-up and presentation for a vote before City Council which we expect will occur the week of July 18th.

Eve Corbin, Partner, Arent & Fox, LLC, assisted with the testimony.

Financing Resolution Approved June 14, 2011

At its regular monthly meeting held Tuesday, June 14, 2011, the Board of Trustees approved a resolution authorizing the School to to issue tax-exempt revenue bonds in an aggregate principal amount not to exceed $4.5 million to finance, refinance, or reimburse the School for all or a portion of the School’s cost to do the following, pursuant to a plan of finance (collectively, the “Project”):

(1) renovate, equip and furnish the School’s approximately 25,000 square foot Dent School Building (the “Building”) located at 210 South Carolina Avenue, S.E., Washington, D.C., including, but not limited to:

a. the addition of a secure reception area and modern science laboratory;
b. the enlarging of common areas and classrooms;
c. the provision of elevator access to all floors of the Building;
d. technological upgrades; and
e. the installation of a building-wide sprinkler system;

(2) fund, to the extent financeable, any working capital costs, capitalizable expenditures functionally related and subordinate to the Project, construction period interest, and any debt service reserve, if necessary or appropriate; and

(3) pay costs of issuance for the Bonds.

Eve Corbin, Partner, Arent and Fox LLC, the School's counsel in the financing process assisted with the presentation to the Board.