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Understanding the Pennsylvania Avenue Development Corporation and Its Impact
Definition & Meaning
The Pennsylvania Avenue Development Corporation (PADC) is a federal entity created to oversee the redevelopment of areas near the White House in Washington, D.C. Established by the Pennsylvania Avenue Development Corporation Act of 1972, its primary goal is to implement a comprehensive development plan that enhances the cultural and economic vitality of this historic area. The PADC operates under the Government Corporation Control Act, which governs its financial and operational activities.
Table of content
Legal Use & context
The Pennsylvania Avenue Development Corporation plays a significant role in urban development and planning. It is involved in various legal practices related to land use, real estate, and public policy. Legal professionals may encounter the PADC in contexts such as:
Real estate development agreements
Urban planning regulations
Public-private partnerships
Users can benefit from legal templates related to development agreements and urban planning through platforms like US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
One example of the PADC's work is its involvement in the redevelopment of Pennsylvania Avenue, which has included the construction of new public spaces and commercial developments. Another example is the corporation's efforts to ensure that minority-owned businesses participate in the redevelopment projects (hypothetical example).
Relevant laws & statutes
The primary statute governing the Pennsylvania Avenue Development Corporation is the Pennsylvania Avenue Development Corporation Act of 1972. Additionally, the Government Corporation Control Act (31 U.S.C. 841) provides the framework for its operations.
Comparison with related terms
Term
Definition
Key Differences
Pennsylvania Avenue Development Corporation
A federal entity focused on urban redevelopment near the White House.
Specifically targets the Pennsylvania Avenue area.
Urban Development Corporation
A general term for entities focused on urban renewal.
May not be federally governed or focused on a specific area.
Common misunderstandings
What to do if this term applies to you
If you are involved in a project that may be impacted by the Pennsylvania Avenue Development Corporation, consider the following steps:
Review the Pennsylvania Avenue Development Corporation Act to understand the regulations that may apply to your project.
Consult with a legal professional who specializes in urban development and federal regulations.
Explore US Legal Forms for templates related to development agreements and compliance documents.
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