CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE authorizing the Superintendent of Parks and Recreation to execute a lease agreement between the City of Seattle and Selig Holdings Company, LLC, a Delaware limited liability company, for office space in the building located at 300 Elliott Avenue West, commonly known as the Elliott Bay Office Park; and ratifying and confirming certain prior acts.
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WHEREAS, since 1998, staff from the Department of Parks and Recreation (DPR) has occupied leased office space in the building located at 800 Maynard Avenue South in Seattle's International District, commonly known as the RDA Building; and
WHEREAS, the City's current lease in the RDA Building expires in November 2019, which prompted DPR to engage the services of the Department of Finance and Administrative Services (FAS) to assist in reviewing office space options including securing a new lease at the RDA Building, identifying space in a City-owned building, or finding potential new private office space locations; and
WHEREAS, there is insufficient office space available for DPR in City-owned property; and
WHEREAS, FAS and DPR requested proposals from the owners of the RDA Building and from several other buildings in order to identify the best and most financially appropriate office space option to meet DPR's operational needs; and
WHEREAS, it is the conclusion of FAS and DPR that the best available option for meeting DPR's business needs is to lease office space in the Elliott Bay Office Park building; and
WHEREAS, the City and Selig Holdings Company, LLC have reached an agreement to lease 28,000 square feet of office space, increasing to 32,000 square feet within five years of lease commencement with an option for an additional expansion, in the Elliott Bay Office Park building for a term of 15 years at the current market rate, with two options to extend the lease for additional periods of five years each; and
WHEREAS,...
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