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Record No: CB 118726    Version: 1 Council Bill No: CB 118726
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
Final Action: 7/29/2016
Ordinance No: Ord 125088
Title: AN ORDINANCE relating to the Mercer Arena; authorizing the Director of the Seattle Center Department to execute a third amendment to the Mercer Arena Ground Lease between the City of Seattle and Seattle Opera; and lifting a budget proviso.
Sponsors: Debora Juarez
Attachments: 1. Att A – Third Amendment to the Mercer Arena Ground Lease, 2. Signed Ordinance 125088
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att 1 - Project Enhancements, 3. Summary Att 2 – Blackline 3rd Amendment to the Mercer Arena Ground Lease, 4. Seattle Opera Presentation, 5. Mercer Arena Lease, 6. Seattle Center Presentation, 7. Affidavit of Publication
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the Mercer Arena; authorizing the Director of the Seattle Center Department to execute a third amendment to the Mercer Arena Ground Lease between the City of Seattle and Seattle Opera; and lifting a budget proviso.
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WHEREAS, on April 9, 2008, pursuant to Ordinance 122630, the City of Seattle and Seattle Opera entered into a ground lease ("Ground Lease"), later amended on October 6, 2010, and December 15, 2014, wherein Seattle Opera leased the Mercer Arena to construct and operate its administrative offices and rehearsal and technical support facilities, and for other incidental purposes related to its principal business as an opera company; and
WHEREAS, the Ground Lease was consistent with the prior expression of support for the project contained in Resolution 31040, adopted by the Seattle City Council on February 19, 2008; and
WHEREAS, Resolution 31628, approved by the Seattle City Council, on November 23, 2015, expressed support for an expanded Seattle Opera project that would replace the Mercer Arena, provide additional public amenities, and supplement the public benefits that Seattle Opera is required to provide over the term of the term of the Ground Lease; and
WHEREAS, Seattle Opera has agreed to construct those amenities as part of its project and to supplement the public benefits that it is required to provide over the term of the Ground Lease; and
WHEREAS, pursuant to Resolution 31628, Ordinance 124927 appropriated $200,000 in the Finance General Reserves budget control level (BCL) for the Seattle Opera Mercer Arena project subject to the proviso that no funding could be spent until authorized by future ordinance; and
WHEREAS, the Seattle City Council anticipated that such authority would not be granted until the Executive provided Council with information on how the funding will be used for enhancements to the Seattle Opera Mercer Arena proj...

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