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Record No: CB 118709    Version: 1 Council Bill No: CB 118709
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 8/1/2016
Ordinance No: Ord 125093
Title: AN ORDINANCE relating to the City Light Department; declaring the former University Substation property as surplus to the City's needs and no longer required for providing public utility service or other municipal purpose; authorizing the sale of this property for appraised value to the University of Washington, or to be sold through a brokered sale managed by the Department of Finance and Administrative Services; authorizing the General Manager and Chief Executive Officer of the City Light Department or designee to execute all necessary documents to accomplish such property sale, and to deposit the proceeds of the sale in the City Light Fund.
Sponsors: Kshama Sawant
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att 1 - Final Recommendation Report on Former University Substation, 3. Summary Att 2 – Map of the Property, 4. Signed Ord 125093, 5. Affidavit of Publication
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the City Light Department; declaring the former University Substation property as surplus to the City's needs and no longer required for providing public utility service or other municipal purpose; authorizing the sale of this property for appraised value to the University of Washington, or to be sold through a brokered sale managed by the Department of Finance and Administrative Services; authorizing the General Manager and Chief Executive Officer of the City Light Department or designee to execute all necessary documents to accomplish such property sale, and to deposit the proceeds of the sale in the City Light Fund.
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WHEREAS, the property known as the former University Substation located at 711 NE Northlake Place (the "Property") was acquired by the City for utility purposes, and
WHEREAS, by Resolution 30862, the City adopted procedures regarding the reuse and disposition of City-owned property; and
WHEREAS, in accordance with Resolution 30862, the Final Recommendation Report on the Reuse and Disposal of the Property at 711 NE Northlake Place (the "Report") has been published; and
WHEREAS, the Report recommends that the Property first be offered for sale at appraised value to the University of Washington, and if the University of Washington does not purchase the Property, then the Property should be sold through a brokered sale to be managed by the Department of Finance and Administrative Services; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The City of Seattle approves the steps taken as documented in the Final Recommendation Report on the Reuse and Disposal of Excess Property of the Former University Substation property located at 711 NE Northlake Place (the "Property") and legally described as follows:
Lots 4, 5 and 6 in Block 14 of Lake View Addition to the City of Seattle, according to the plat recorded ...

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