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Record No: CB 119005    Version: 1 Council Bill No: CB 119005
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 7/10/2017
Ordinance No: Ord 125342
Title: AN ORDINANCE relating to the redevelopment of Yesler Terrace by the Housing Authority of the City of Seattle; authorizing the Mayor to execute a second amendment to the Yesler Terrace Cooperative Agreement with the Housing Authority of the City of Seattle that was authorized by Ordinance 123961; and authorizing the directors of the Office of Housing and Department of Neighborhoods to implement the Cooperative Agreement as amended.
Sponsors: Tim Burgess
Attachments: 1. Ex A - Second Amendment to the Cooperative Agreement
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Ex A – Map of Site, 3. Summary Ex B - Yesler Financial Projections, 4. Signed Ordinance 125342, 5. Affidavit of Publication
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 a second amendment to the Yesler Terrace Cooperative Agreement with the Housing Authority of the City of Seattle that was authorized by Ordinance 123961; and authorizing the directors of the Office of Housing and Department of Neighborhoods to implement the Cooperative Agreement as amended.
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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 of Seattle (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 up to $7.62 million in Office of Housing rental housing development funds and up to $300,000 in Office of Housing weatherization funds to assist with development of this housing; and
WHEREAS, in the Cooperative Agreement the City also committed $3 million in Department of Parks and Recreation funds and the City has subsequently contributed $3.15 million in Department of Transportation funds and $3 million in Public Utility Department funds through the adopted City budget as provided in the Cooperative Agreement; and
WHEREAS, in the Cooperative Agreement SHA agreed to provide access to a minimum of 0.3 acres of P-Patch Community Gardens during the redevelopment of ...

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