SEATTLE CITY COUNCIL - Record No: CB 120227

• Record No: CB 120227
• Version: 2
• Council Bill No: CB 120227
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 12/13/2021
• Ordinance No: Ord 126507
• Title: AN ORDINANCE related to street vacations; amending Section 15.62.090 of the Seattle Municipal Code to exempt publicly funded affordable housing projects from compensating the City for vacations.
• Sponsors: Teresa Mosqueda
• Supporting documents: 1. Summary and Fiscal Note, 2. Central Staff Memo, 3. Amendment 1, 4. Signed Ordinance 126507, 5. Affidavit of Publication

Date	Ver.	Action By	Action	Result
12/15/2021	2	City Clerk	attested by City Clerk
12/15/2021	2	Mayor	returned
12/15/2021	2	Mayor	Signed
12/15/2021	2	City Clerk	submitted for Mayor's signature
12/13/2021	2	City Council	passed	Pass
12/7/2021	1	Finance and Housing Committee	pass as amended	Pass
11/15/2021	1	City Council	referred
10/15/2021	1	Council President's Office	sent for review
10/7/2021	1	City Clerk	sent for review

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE related to street vacations; amending Section 15.62.090 of the Seattle Municipal Code to exempt publicly funded affordable housing projects from compensating the City for vacations.
body
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Section 15.62.090 of the Seattle Municipal Code, last amended by Ordinance 121661, is amended as follows:
15.62.090 Compensation for vacation ((.))
A. Ordinances vacating any street or alley or part thereof shall not be passed by the City Council until a sum equal to one-half (((1/2))) of the appraised value of the area vacated is paid to the City; ((,)) provided, that if the street or alley has been a part of a dedicated public right-of-way for ((twenty-five)) 25 years or more, the City shall be compensated in an amount equal to the full appraised value of the area vacated. In certain circumstances, provision of other valuable consideration acceptable to the City may be made in lieu ((or)) of up to one-half (((1/2))) of the payment; provided, that such consideration shall not be acceptable if it is required for the street vacation, it is considered a public benefit to meet the public benefit requirements of the street vacation, or it is required by other regulatory action. Acceptable consideration shall be quantified in dollars, which shall then be credited to the required payment.
B. City, State, and federal agencies shall be exempt from such payment, but shall pay to the City all costs incurred by the City in processing the vacation request.
C. Petitioners shall be exempt from such payment if before passing the ordinance vacating a street or alley, the project receives public funding or federal low-income housing tax credits and is subject to a regulatory agreement, covenant, or other legal instrument recorded on the property title and enforceable by The City of Seattle, Washington State Housing ...