SEATTLE CITY COUNCIL - Record No: CB 119128

• Record No: CB 119128
• Version: 2
• Council Bill No: CB 119128
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 11/20/2017
• Ordinance No: Ord 125473
• Title: AN ORDINANCE relating to the Equitable Development Initiative; establishing a public purpose and authorizing the Director of the Office of Planning and Community Development to execute funding agreements for and on behalf of the City related to implementation of the Equitable Development Initiative.
• Sponsors: Lisa Herbold
• Supporting documents: 1. Summary and Fiscal Note, 2. Proposed Substitute (added; 12/4/17), 3. Signed Ord_125473, 4. Affidavit of Publication

Date	Ver.	Action By	Action	Result
11/28/2017	2	City Clerk	attested by City Clerk
11/28/2017	2	Mayor	returned
11/22/2017	2	Mayor	Signed
11/22/2017	2	City Clerk	submitted for Mayor's signature
11/20/2017	1	City Council	passed as amended	Pass
11/15/2017	1	Select Budget Committee	pass	Pass
11/6/2017	1	City Council	referred
11/2/2017	1	Council President's Office	sent for review
10/31/2017	1	City Clerk	sent for review
10/31/2017	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the Equitable Development Initiative; establishing a public purpose and authorizing the Director of the Office of Planning and Community Development to execute funding agreements for and on behalf of the City related to implementation of the Equitable Development Initiative.
body
WHEREAS, Resolution 31577, adopted in May 2015, affirmed that The City of Seattle's core value of racial and social equity is one of the foundations on which the Comprehensive Plan is built, and defined "equitable development" as public and private investments, programs, and policies in neighborhoods to meet the needs of marginalized people and reduce disparities; and
WHEREAS, communities most impacted by inequitable growth have direct experience understanding the burdens of inequitable growth and the effectiveness of community-sourced solutions; and
WHEREAS, Ordinance 125173, passed in October 2016, amended the Seattle Comprehensive Plan to increase its emphasis on race and social equity, and affirm the conclusions of the Seattle 2035 Equity Analysis which was part of the City's overall analysis of the Plan; and
WHEREAS, Resolution 31711, adopted in September 2016, identified the Equitable Development Initiative as a key component of implementing Ordinance 125173 and approved the Equitable Development Implementation Plan and the Equitable Development Financial Investment Strategy to advance the public purposes of community stability, cohesion, and affordability; and
WHEREAS, Ordinance 125212, passed in November 2016, authorized an interfund loan of $6.5 million, backed by proceeds from the sale of the Civic Square Block, to the General Fund, to pay costs relating to the Equitable Development Initiative and to advance the public purposes stated in Resolutions 31577 and 31711; and
WHEREAS, the City has currently made initial commitments totaling $382,000 to three of the projects i...