CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE vacating the alley in Block 21, Heirs of Sarah A. Bell's Second Addition, bounded by Bell Street, 7th Avenue, Blanchard Street, and 8th Avenue, in South Lake Union; and accepting a Property Use and Development Agreement, on the petition of Acorn Development LLC (Clerk File 314278).
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WHEREAS, Acorn Development LLC ("Petitioner") filed a petition under Clerk File 314278 to vacate the alley bounded by Bell Street, 7th Avenue, Blanchard Street, and 8th Avenue; and
WHEREAS, following a November 24, 2015, public hearing on the petition, the Seattle City Council ("City Council") conditionally granted the petition on January 11, 2016; and
WHEREAS, a Property Use and Development Agreement recorded on December 10, 2020, with the King County Recorder's Office under Recording No. 20201210002758 commits the Petitioner and their successors to fulfill ongoing public-benefit obligations required as part of the vacation; and
WHERES, as provided for in Revised Code of Washington (RCW) 35.79.030 and Seattle Municipal Code Chapter 15.62, the Petitioner has paid the City a vacation fee of $5,180,000 on June 22, 2017, which is the full appraised value of the property; and
WHEREAS, the Petitioner has met all conditions imposed by the City Council in connection with the vacation petition; and
WHEREAS, vacating the alley in Block 21, Heirs of Sarah A. Bell's Second Addition, is in the public interest; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The alley in Block 21, Heirs of Sarah A. Bell's Second Addition, described below, is vacated:
The alley in Block 21, Heirs of Sarah A. Bell's Second Addition to the City of Seattle, recorded in Volume 1 of Plats, page 121, Records of King County, Washington, being the block bounded by Bell Street, 7th Avenue, Blanchard Street and 8th Avenue.
(Clerk File 314278).
Section 2. The Property Use and Developmen...
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