CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE amending the Landscape Conservation and Infrastructure Program Funding Plan for South Lake Union and Downtown as adopted by Ordinance 124286.
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WHEREAS, Washington State allows cities, through the Landscape Conservation and Local Infrastructure Program (LCLIP) created by chapter 39.108 RCW, to capture and use a portion of future property tax revenue generated by new development to fund local improvements; and
WHEREAS, in 2013 the Seattle City Council approved a regional transferable development rights (TDR) program as part of the South Lake Union rezone through a suite of legislation including Ordinances 124172, 124285, 124286, and 124287; and
WHEREAS, through this program, developers in South Lake Union and Downtown were able to purchase development rights from farm and forest land to gain a portion of their extra floor area; and
WHEREAS, a portion of the King County property taxes on the value of new development in
South Lake Union and Downtown are then used to fund local infrastructure improvements in the Local Infrastructure Project Area (LIPA) established by Ordinance 124287; and
WHEREAS, for the first ten years of the TDR program the revenues were directed to the Seattle Department of Transportation (SDOT), ending in 2025; and
WHEREAS, for years 11 through 20 of the TDR program, beginning in 2025, revenues will be directed to Seattle Parks and Recreation (SPR); and
WHEREAS, the public improvements that may receive funding from the LCLIP program were listed in the Landscape Conservation and Local Infrastructure Program Infrastructure Funding Plan for South Lake Union and Downtown (LCLIP Funding Plan), which was attached to Ordinance 124286 as Attachment 1; and
WHEREAS, the Open Space Investments identified in the original LCLIP Funding Plan under the purview of SPR have either been completed or will be funded with a different funding source as noted in the 2025-2030 Adopted Capital Improvement Program; and
WHEREAS, SPR needs to amend the LCLIP Funding Plan to replace the list of completed Open Space Investments with potential new Open Space Investments; and
WHEREAS, no amendments are being made to the Streetscape Investments that are under the purview of SDOT, to which the funding will return in 2035; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The Amended Landscape Conservation and Local Infrastructure Program Infrastructure Funding Plan for South Lake Union and Downtown is adopted as shown in Attachment A to this ordinance.
Section 2. This ordinance shall take effect as provided by Seattle Municipal Code Sections 1.04.020 and 1.04.070.
Passed by the City Council the ________ day of _________________________, 2025, and signed by me in open session in authentication of its passage this ________ day of _________________________, 2025.
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President ____________ of the City Council
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Approved / |
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returned unsigned / |
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vetoed this _____ day of _________________, 2025. |
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Bruce A. Harrell, Mayor
Filed by me this ________ day of _________________________, 2025.
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Scheereen Dedman, City Clerk
(Seal)
Attachments:
Attachment A - Amended Landscape Conservation and Local Infrastructure Program Infrastructure Funding Plan for South Lake Union and Downtown