CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the Seattle Center Department; authorizing the Seattle Center Director to execute a Fourth Amendment to the Facility Use and Occupancy Agreement between The City of Seattle and the Seattle Repertory Theater; and ratifying and confirming certain prior acts.
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WHEREAS, the Seattle Repertory Theater (SRT) was founded in 1963 and began operations in the Seattle Center Playhouse before moving to the Bagley Wright Theatre, making it one of the longest standing resident organizations at Seattle Center; and
WHEREAS, the City and SRT are parties to that certain Facility Use and Occupancy Agreement, authorized by Ordinance 118109 and amended by First Amendment, Second Amendment, and Third Amendment (the "1996 Agreement"), which governs SRT's use, occupancy, and financial obligations with respect to the Bagley Wright Theatre; and
WHEREAS, the 1996 Agreement requires SRT to establish and maintain the SRT Replacement Trust Fund (the "SRT Fund"), to be used exclusively for the replacement, maintenance, and repair of the Bagley Wright Theatre, and requires the City to establish and maintain the Bagley Wright Theatre Maintenance, Repair & Replacement Fund (the "BWTMRR Fund") to be used exclusively for replacement and repair of the Bagley Wright Theatre; and
WHEREAS, the 1996 Agreement requires SRT to make annual contributions to the SRT Fund each year during the term in the amounts set forth in Exhibit 8 to the 1996 Agreement, including contributions of $174,836 for the 2021 SRT fiscal year and $179,206 for the 2022 SRT fiscal year; and
WHEREAS, the 1996 Agreement required the City to make annual contributions to the BWTMRR Fund until 2009 and the City made each required annual payment into the BWTMRR Fund; and
WHEREAS, the Third Amendment to the 1996 Agreement ("Third Amendment"), as authorized by Ordinance 126243, made, among other things, an allowance for SRT to tem...
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