Public Law 91–63

the Commissioner of the District of Columbia (hereafter in this Act referred to as the “Commissioner”) shall convey to the Washington International School, Incorporated (hereafter in this Act referred to as the “Corporation”), a nonprofit corporation in the District of (Columbia, all the right, title, and interest of the District of Columbia ill and to the real property in the District of Columbia described as lot 806 of square 1215 and known as the Phillips School, upon payment to the District of Columbia by or on behalf of the Corporation of the sum of $500,000.

The conveyance under subsection (a) of this section shall be subject to the condition that the Corporation shall use such real property for educational purposes during the five-year period beginning on the date of such conveyance, and that in the event that at any time during such period it ceases to use such real property for such purposes, it shall notify the Commissioner in writing of such fact and all right, title, and interest in and to such real property shall, at the option of the Commissioner, revert to the District of Columbia, but only upon payment to the Corporation of $500,000 or, if greater, the fair market value of such real property (but not to exceed $600,000), determined as of the date the Corporation notifies the Commissioner that the Corporation has ceased to use such real property for such purposes. The Commissioner may exercise such option only during the one-year period beginning on the date such notice is received by the Commissioner.

During the five-year period beginning on the date of the conveyance under subsection (a) of this section, or, if shorter, during such period as the Corporation holds title to the real property conveyed under such subsection, the District of Columbia may, under its power of eminent domain, acquire such real property from the Corporation only upon payment to the Corporation of $500,000 or, if greater, the fair market value of such real property (but not to exceed $600,000), determined as of the date of acquisition by the District of Columbia.