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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
Attachments: 1. Ex A - First Amendment to Development Agreement v2, 2. Ex A - First Amendment to Development Agreement v1
Supporting documents: 1. Summary and Fiscal Note, 2. Central Staff Memo (07/18/18), 3. Signed Ordinance 125631, 4. Affidavit of Publication
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...

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