USC Subchapter III

40 U.S.C. § 6731 Definitions

In this subchapter— (1) Federal triangle development area.—The term “Federal Triangle development area” means the area bounded as follows:Beginning at a point on the southwest corner of the intersection of Fourteenth Street and Pennsylvania Avenue (formerly E Street), Northwest; thence south along the western side of Fourteenth Street to the northwest corner of the intersection of Fourteenth Street and Constitution Avenue, Northwest; thence east along the northern side of Constitution Avenue to the northeast corner of the intersection of Twelfth Street and Constitution Avenue, Northwest; thence north along the eastern side of Twelfth Street and Constitution Avenue, Northwest; thence north along the eastern side of Twelfth Street to the southeast corner of the intersection of Twelfth Street and Pennsylvania Avenue, Northwest; thence west along the southern side of Pennsylvania Avenue to the point of beginning. (2) Federal triangle property.—The term “Federal Triangle property” means—(A) the property owned by the Federal Government in the District of Columbia, known as the “Great Plaza” site, which consists of squares 256, 257, 258, parts of squares 259 and 260, and adjacent closed rights-of-way as shown on plate IV of the King Plats of 1803 located in the Office of the Surveyor of the District of Columbia; and (B) except for purposes of section 6733(a) of this title, any property the Pennsylvania Avenue Development Corporation acquired under section 3(b) of the Federal Triangle Development Act (Public Law 100–113, 101 Stat. 736).

40 U.S.C. § 6732 Federal Triangle development area

The Federal Triangle development area is deemed to be part of the development area described in section 6711 of this title. The Administrator of General Services has the same authority over the Federal Triangle development area as over the development area described in section 6711.

40 U.S.C. § 6733 Federal Triangle property

(a) Title.—Title to the Federal Triangle property reverts to the Administrator of General Services not later than the date on which ownership of the Ronald Reagan Building and International Trade Center vests in the Federal Government. (b) Nonapplicability of Certain Laws.—(1) Building permits and inspection.—For purposes of development of the Federal Triangle property, the person selected to develop the property is not subject to any state or local law relating to building permits and inspection. (2) Taxes and assessments.—The property and improvements to the property are not subject to real and personal property taxation or to special assessments.

40 U.S.C. § 6734 Ronald Reagan Building and International Trade Center

(a) Establishment and Designation.—The building constructed on the Federal Triangle property shall be known and designated as the Ronald Reagan Building and International Trade Center. (b) Title.—The person selected to develop the Federal Triangle property may own the Building for not more than 35 years from the date construction of the Building began. The title to the Building shall be in the Administrator of General Services from the date title to the Federal Triangle property reverts to the Administrator. (c) Limitations.—(1) Size of building.—The Building (including parking facilities) may not exceed 3,100,000 gross square feet in size. (2) Height of building.—The height of the Building shall be compatible with the height of surrounding Federal Government buildings. (3) Design.—The Building shall—(A) be designed in harmony with historical and Government buildings in the vicinity; (B) reflect the symbolic importance and historic character of Pennsylvania Avenue and the Nation’s Capital; and (C) represent the dignity and stability of the Government. (d) Construction Standards.—The Building shall meet all standards applicable to construction of a federal building. (e) Accounting System.—The Administrator shall maintain an accounting system for operation and maintenance of the Building which will allow accurate projections of the dates and cost of major repairs, improvements, reconstructions, and replacements of the Building and other capital expenditures on the Building. The Administrator shall act as necessary to ensure that amounts are available to cover the projected cost and expenditures. (f) Lease of Building.—(1) Lease agreement.—Under an agreement with the person selected to construct the Ronald Reagan Building and International Trade Center, the Administrator shall lease the Building for federal office space and the international cultural and trade center space. (2) Minimum requirements of lease agreement.—The agreement includes at a minimum the following:(A) Limit on length of lease.—The Administrator will lease the Building for the period of time that the person selected to construct the Building owns the Building. (B) Rental rate.—The rental rate per square foot of occupiable space for all space in the Building will be in the best interest of the Government and will carry out the objectives of this subchapter and the Federal Triangle Development Act (Public Law 100–113, 101 Stat. 735). The aggregate rental rate for all space in the Building shall produce an amount at least equal to the amount necessary to amortize the cost of development of the Federal Triangle property over the life of the lease. (C) Obligation of amounts.—Obligation of amounts from the Federal Building Fund shall only be made on an annual basis to meet lease payments. (3) Authorization to obligate amounts.—Amounts may be obligated as described in paragraph (2)(C).