CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE granting Seattle Arena Company, LLC a permit to construct, maintain, and operate a tunnel under and across Thomas Street, east of 1st Avenue North and west of Warren Avenue North, and install permanently tensioned tie-backs in portions of Thomas Street, east of 1st Avenue North and west of 2nd Avenue North, for the life of the Climate Pledge Arena building lease; specifying the conditions under which this permit is granted; and providing for the acceptance of the permit and conditions.
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WHEREAS, on January 17, 2017, The City of Seattle ("City") released a Request for Proposal ("RFP") for the redevelopment of the arena at Seattle Center; and
WHEREAS, on April 12, 2017, Oak View Group, LLC ("OVG") submitted to the City a proposal in response to the RFP that included removing the then-existing at-grade loading dock on the south side of the then-existing arena and constructing a new loading dock below grade, accessible by a subterranean vehicle tunnel under and across Thomas Street, east of 1st Avenue North and west of Warren Avenue North; and
WHEREAS, on June 7, 2017, the City selected OVG for the redevelopment of the arena ("Climate Pledge Arena"); and
WHEREAS, the City and OVG entered into a Memorandum of Understanding establishing the process for negotiating the definitive agreements between the parties, including the lease agreement ("Lease"), the development agreement ("Development Agreement"), and the integration agreement ("Integration Agreement"), and on September 24, 2018, these agreements were approved by the City Council in Ordinance 125669 and subsequently signed by the Mayor and OVG; and
WHEREAS, on November 2, 2018, OVG and Seattle Arena Company, LLC ("ArenaCo") entered into an Assignment and Assumption Agreement by which ArenaCo was assigned and assumed OVG's rights and obligations related to OVG's application for a Significant Structure Term Permit; ...
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