SEATTLE CITY COUNCIL - Record No: CB 119294

• Record No: CB 119294
• Version: 1
• Council Bill No: CB 119294
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 7/23/2018
• Ordinance No: Ord 125631
• Title: AN ORDINANCE approving and authorizing an amendment to the Development Agreement between The City of Seattle and the Central Puget Sound Regional Transit Authority for real property above and adjacent to the Capitol Hill station; and ratifying and confirming certain prior acts.
• Sponsors: Rob Johnson
• Supporting documents: 1. Summary and Fiscal Note, 2. Central Staff Memo (07/18/18), 3. Signed Ordinance 125631, 4. Affidavit of Publication

Date	Ver.	Action By	Action	Result
7/27/2018	1	City Clerk	attested by City Clerk
7/27/2018	1	Mayor	returned
7/27/2018	1	Mayor	Signed
7/26/2018	1	City Clerk	submitted for Mayor's signature
7/23/2018	1	City Council	passed	Pass
7/18/2018	1	Planning, Land Use, and Zoning Committee	pass as amended	Pass
6/25/2018	1	City Council	referred
6/22/2018	1	Council President's Office	sent for review
6/22/2018	1	City Clerk	sent for review

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE approving and authorizing an amendment to the Development Agreement between The City of Seattle and the Central Puget Sound Regional Transit Authority for real property above and adjacent to the Capitol Hill station; and ratifying and confirming certain prior acts.
body
WHEREAS, in August 2013 Ordinance 124242 approved and authorized an agreement between The City of Seattle ("City") and the Central Puget Sound Regional Transit Authority ("Sound Transit") for future development of real property located above and adjacent to the Capitol Hill light rail station ("Development Agreement"), comprising five sites referred to as Sites A, B-North, B-South, C, and D; and
WHEREAS, pursuant to the Development Agreement, Site B-North of that real property is to be developed as affordable housing for households with incomes not exceeding 60 percent of "median income" as defined in Section 23.84A.025 of the Seattle Municipal Code; and
WHEREAS, Schemata Workshop, Inc., applied for and received a master use permit, permit number 3021177-LU, approving a development ("Project") on Site B-North, to consist of a 110-unit affordable housing project, serving households with incomes at or below 60 percent of median income;
WHEREAS, to facilitate financing for the Project, the City and Sound Transit desire to amend Section 2.5 and related provisions of the Development Agreement to modify the definition of affordable housing, without changing the requirement that the Project serve households with incomes at or below 60 percent of median income, and to reflect that, pursuant to the master use permit and consistent with the parties' intent in the Development Agreement, Site B-North may consist of affordable housing dwelling units (which may include affordable live-work units), a manager's unit, a community center, and below-grade parking; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS...