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Record No: CB 119609    Version: Council Bill No: CB 119609
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 9/16/2019
Ordinance No: Ord 125916
Title: AN ORDINANCE relating to certain City-owned properties located in the South Lake Union neighborhood and declaring them as surplus to the City's needs; removing the properties from the limited access highway purposes property designation previously assigned to them; authorizing sale of the properties for an aggregate selling price of $138,500,000, together with additional cash and non-cash consideration, including the purchaser's covenant to develop affordable housing and to negotiate a lease with the Seattle Parks and Recreation Department for a recreational facility to be located upon a portion of one of the properties; authorizing the Mayor or designee to execute a Memorandum of Understanding for the sale of the property consistent with its terms; authorizing the Superintendent of the Parks and Recreation Department or designee to negotiate, execute, and deliver a lease of the recreational facility; authorizing the Director of the Seattle Department of Transportation or designee to n...
Sponsors: Mike O'Brien
Attachments: 1. Att 1 – Legal Description of Properties, 2. Att 2 - Memorandum of Understanding (Mercer Mega Block)
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Ex 1 - Property Location Map, 3. Mayor's Letter, 4. SDOT Presentation (8/16/19), 5. Central Staff Memo (8/16/19), 6. CBO Presentation (9/6/19), 7. Proposed Amendment (added; 9/6/19), 8. Signed Ordinance 125916
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to certain City-owned properties located in the South Lake Union neighborhood and declaring them as surplus to the City's needs; removing the properties from the limited access highway purposes property designation previously assigned to them; authorizing sale of the properties for an aggregate selling price of $138,500,000, together with additional cash and non-cash consideration, including the purchaser's covenant to develop affordable housing and to negotiate a lease with the Seattle Parks and Recreation Department for a recreational facility to be located upon a portion of one of the properties; authorizing the Mayor or designee to execute a Memorandum of Understanding for the sale of the property consistent with its terms; authorizing the Superintendent of the Parks and Recreation Department or designee to negotiate, execute, and deliver a lease of the recreational facility; authorizing the Director of the Seattle Department of Transportation or designee to negotiate, execute, and deliver all other documents necessary or appropriate to effect the foregoing and to carry out the transactions described in this ordinance; and ratifying and confirming certain prior acts.
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WHEREAS, The City of Seattle (City) owns certain real property located at 800 Mercer Street and 620 Aurora Avenue North, commonly known as the Mercer Properties (Properties); and
WHEREAS, a portion of the Properties was purchased with funds from commercial parking tax revenues and gas tax revenues within the Arterial City Street Fund and accepted under Ordinance 100254 for limited access highway purposes in connection with the Bay Freeway Project; and
WHEREAS, in 1972 voters of Seattle abandoned the Bay Freeway Project; and
WHEREAS, a portion of the Properties was acquired by the vacation of portions of Broad Street and 9th Avenue North, pursuant to the authority described in Ordinanc...

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