SEATTLE CITY COUNCIL - Record No: CB 118937

• Record No: CB 118937
• Version: 1
• Council Bill No: CB 118937
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 4/10/2017
• Ordinance No: Ord 125290
• Title: AN ORDINANCE relating to the redevelopment of Yesler Terrace by the Housing Authority of the City of Seattle; authorizing the Mayor to execute an amendment to the Yesler Terrace Cooperative Agreement with the Housing Authority of the City of Seattle that was authorized by Ordinance 123961; authorizing the Director of Housing to implement the Cooperative Agreement as amended; and ratifying and confirming certain prior acts.
• Sponsors: Tim Burgess
• Supporting documents: 1. Summary and Fiscal Note, 2. Summary Ex A – Map of Site, 3. Signed Ord 125290, 4. Affidavit of Publication

Date	Ver.	Action By	Action	Result
4/14/2017	1	City Clerk	attested by City Clerk
4/14/2017	1	Mayor	Signed
4/14/2017	1	Mayor	returned
4/12/2017	1	City Clerk	submitted for Mayor's signature
4/10/2017	1	City Council	passed	Pass
4/5/2017	1	Affordable Housing, Neighborhoods, and Finance Committee	pass	Pass
3/20/2017	1	City Council	referred
3/16/2017	1	Council President's Office	sent for review
3/14/2017	1	City Clerk	sent for review
3/14/2017	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the redevelopment of Yesler Terrace by the Housing Authority of the City of Seattle; authorizing the Mayor to execute an amendment to the Yesler Terrace Cooperative Agreement with the Housing Authority of the City of Seattle that was authorized by Ordinance 123961; authorizing the Director of Housing to implement the Cooperative Agreement as amended; and ratifying and confirming certain prior acts.
body
WHEREAS, the Housing Authority of the City of Seattle ("SHA") has received a $30 million grant from the U.S. Department of Housing and Urban Development under the Choice Neighborhoods Initiative to partially fund the redevelopment of the public housing community known as Yesler Terrace in Seattle's First Hill neighborhood into a mixed-income mixed-use community in partnership with public and private entities; and
WHEREAS, on September 21, 2012, the City and SHA signed the Yesler Terrace Cooperative Agreement ("Cooperative Agreement"), in which SHA committed to produce 561 units of Replacement Housing (as defined in the Cooperative Agreement) and 290 units of housing for households with incomes up to 60 percent of median income ("60% of AMI Housing"), and the City committed Office of Housing funds to assist with development of this housing; and
WHEREAS, Office of Housing ("OH") funding is subject to the Housing Funding Policies adopted by Ordinance 124298, which state: "To the extent consistent with the Yesler Terrace Cooperative Agreement, OH may review and approve funding applications separate from the selection process described in subsections A and C of this section for SHA housing developments in Yesler Terrace Phase I and II, up to a maximum of $7.62 million in City funding"; and

WHEREAS, the Cooperative Agreement specifies an Office of Housing contribution not to exceed $2.4 million for a project developed in Phase I and an Office of Housing contri...