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Record No: CB 118788    Version: 1 Council Bill No: CB 118788
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 9/12/2016
Ordinance No: Ord 125130
Title: AN ORDINANCE relating to the disposition of two City Urban renewal properties in the Yesler-Atlantic Redevelopment Project Area; adopting competitive procedures for disposition of the properties; authorizing the Director of the Office of Housing to dispose of the properties designated Parcel 7B and Parcel 56 in the project area; designating the disposition of sales proceeds; superseding Ordinance 122017 and Resolutions 27260, 28866, and 29852 with respect to the sale of the properties; exempting the sale from the requirements of Resolution 29799 as amended by Resolution 30862; and ratifying and confirming certain prior acts.
Sponsors: Tim Burgess
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Ex 1 – Site Map, 3. Signed Ord 125130, 4. Affidavit of Publication
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the disposition of two City Urban renewal properties in the Yesler-Atlantic Redevelopment Project Area; adopting competitive procedures for disposition of the properties; authorizing the Director of the Office of Housing to dispose of the properties designated Parcel 7B and Parcel 56 in the project area; designating the disposition of sales proceeds; superseding Ordinance 122017 and Resolutions 27260, 28866, and 29852 with respect to the sale of the properties; exempting the sale from the requirements of Resolution 29799 as amended by Resolution 30862; and ratifying and confirming certain prior acts.
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WHEREAS, 1415 E. Yesler Way (Parcel 7B) and 1429 S. Jackson St. (Parcel 56) were originally acquired with federal funding as part of the Yesler-Atlantic Neighborhood Improvement Project, which was part of a broad program for the clearance and reconstruction or rehabilitation of "slum and blighted areas" in the city; and
WHEREAS, the Office of Housing has jurisdiction over both parcels, both sites are vacant, and neither site is large enough to support multifamily development; and
WHEREAS, in 2006, City Council determined that 1415 E. Yesler Way and 1429 S. Jackson Street were not suitable for affordable housing, authorized the Office of Housing to sell the properties and re-invest the income to promote affordable housing in the Central Area, and reauthorization is recommended; and
WHEREAS, the Housing Affordability and Livability Agenda (HALA) Advisory Committee recommended that the City establish a comprehensive and creative approach to publicly owned property that includes dedicating unrestricted proceeds from the sale of surplus property to affordable housing; and
WHEREAS, the City is committed to combating and preventing displacement in the Central Area; and
WHEREAS, the Office of Housing is committed to preserving buildings with expiring subsidies, w...

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