SEATTLE CITY COUNCIL - Record No: CB 118339

• Record No: CB 118339
• Version: 1
• Council Bill No: CB 118339
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 3/23/2015
• Ordinance No: Ord 124737
• Title: AN ORDINANCE relating to the Pike Place Market Preservation and Development Authority; authorizing the Director of the Office of the Waterfront to enter into a development agreement to distribute $34 million in bond proceeds and to convey certain real property located at 1901 Western Avenue, Seattle, Washington to the Authority for the development of a mixed-used project with public parking, low-income housing, public open space, retail and commercial space; authorizing the acceptance of an easement from the Authority on that property; and authorizing the Director of the Office of the Waterfront and the Housing Director to execute documents and take other actions in connection with this project.
• Sponsors: Jean Godden
• Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att 1: PC1-North Property Map, 3. Pike Place Market Development Agreement Presentation, 4. Central Staff Memo, 5. Memo Att: Proposed Substitute to Att A, 6. Signed Ord 124737

Date	Ver.	Action By	Action	Result
3/27/2015	1	City Clerk	attested by City Clerk
3/27/2015	1	Mayor	Signed
3/27/2015	1	Mayor	returned
3/25/2015	1	City Clerk	submitted for Mayor's signature
3/23/2015	1	City Council	passed	Pass
3/16/2015	1	Committee on Central Waterfront, Seawall, and Alaskan Way Viaduct Replacement Program	pass as amended	Pass
3/2/2015	1	City Council	referred
2/25/2015	1	Council President's Office	sent for review
2/24/2015	1	City Clerk	sent for review
2/24/2015	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the Pike Place Market Preservation and Development Authority; authorizing the Director of the Office of the Waterfront to enter into a development agreement to distribute $34 million in bond proceeds and to convey certain real property located at 1901 Western Avenue, Seattle, Washington to the Authority for the development of a mixed-used project with public parking, low-income housing, public open space, retail and commercial space; authorizing the acceptance of an easement from the Authority on that property; and authorizing the Director of the Office of the Waterfront and the Housing Director to execute documents and take other actions in connection with this project.

body
WHEREAS, the Pike Place Market Preservation and Development Authority (Authority) was chartered pursuant to Seattle Municipal Code 3.110 (Ordinance 103387 as amended), and RCW 35.21.730 et seq., to undertake "renewal, rehabilitation, preservation, restoration and development of structures and open spaces" in the Pike Place Market "in a manner which affords a continuing opportunity for Market farmers, merchants, residents, shoppers and visitors to carry on their traditional market activities" and, among other activities, "preserve and expand the residential community, especially for low-income people;" and
WHEREAS, the City owns certain land in the Pike Place Urban Renewal Project area designated as PC-1 North in the Pike Place Urban Renewal Plan as amended in January of 1974, pursuant to Ordinance 102916, and as extended by Ordinance 124361. The property consists of approximately 0.75 acres and is bounded by Western Avenue to the east, the Alaskan Way Viaduct (Viaduct) to the west, the existing Pike Place Market parking garage to the south, and Victor Steinbrueck Park and the Market Place North parking garage to the north; and
WHEREAS, the PC-1 North site was occupied by th...