(a) The provisions of subchapter IV of Unit A of Chapter 2 of Title 9 [§ 9-204.01 et seq.] shall not apply to the Waterfront Park.
(b) The authority to sell the naming rights for the Waterfront Park, including the right to sell the naming rights for portions of the Waterfront Park, is assigned to Forest City SEFC, LLC; provided, that:
(1) The name of the park shall be subject to the approval of the Mayor;
(2) Forest City SEFC, LLC, shall transfer all income generated from the naming of the Waterfront Park to the District; and
(3) The District is authorized to transfer the income transferred to the District pursuant to paragraph (2) of this subsection to the Capitol Riverfront Business Improvement District, performing services under the Maintenance Agreement.