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Record No: CB 119088    Version: 1 Council Bill No: CB 119088
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
Final Action: 12/6/2017
Ordinance No: Ord 125480
Title: AN ORDINANCE related to KeyArena; authorizing the Mayor to execute a memorandum of understanding with Oak View Group, LLC, regarding the redevelopment of KeyArena into a world-class, multi-purpose sports and entertainment arena at Seattle Center, including its design, construction, lease, financing and future operation; exempting the redevelopment and future operation of the Arena from the requirements of Chapter 20.47 of the Seattle Municipal Code; and ratifying and confirming certain prior acts.
Sponsors: Debora Juarez, Bruce Harrell
Attachments: 1. Att 1 – Memorandum of Understanding with Oak View Group v2, 2. Att 1 – Memorandum of Understanding with Oak View Group v1, 3. Att 2 – Arena Community Advisory Group Guiding Principles
Supporting documents: 1. Proposed Substitute, 2. Proposed Amendment (added; 12/5/17), 3. Summary and Fiscal Note, 4. Summary Att A - Summary and Key Terms, 5. Summary Att B - Map of Premises, 6. Presentation (added; 11/16/17), 7. Presentation (09.18.pdf, 8. Project Schedule, 9. Central Staff Memo
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE related to KeyArena; authorizing the Mayor to execute a memorandum of understanding with Oak View Group, LLC, regarding the redevelopment of KeyArena into a world-class, multi-purpose sports and entertainment arena at Seattle Center, including its design, construction, lease, financing and future operation; exempting the redevelopment and future operation of the Arena from the requirements of Chapter 20.47 of the Seattle Municipal Code; and ratifying and confirming certain prior acts.
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WHEREAS, on January 11, 2017, the City's Office of Economic Development released a Request for Proposals (RFP) for the redevelopment of KeyArena at Seattle Center; and
WHEREAS, the City's RFP included seven objectives related to the project, summarized as follows: (1) develop a world-class sports and entertainment arena, (2) integrate with Uptown's Urban Design Framework, (3) include minimal City financial participation in capital development, (4) include minimal City financial participation in ongoing operations, (5) address transportation impacts, (6) treat neighbors and impacted workers equitably, and (7) contribute to Seattle Center's vibrancy; and
WHEREAS, on February 23, 2017, the City formed an advisory body known as the Arena Community Advisory Panel (Advisory Panel) to provide counsel to the City to consider proposals responding to the RFP, comprised of ten members chosen based on their various expertise, including, but not limited to, music, sports, transportation, neighborhood interests, and design; and
WHEREAS, on April 12, 2017, Oak View Group, LLC (OVG) submitted to the City a proposal in response to the RFP entitled "Proposal for the Transformation of the Arena at Seattle Center" and
WHEREAS, between April 12, 2017, and June 2, 2017, each of (1) the Advisory Panel, (2) a City Executive Review Team comprised of the Director of the Office of Economic Development, the Di...

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