SEATTLE CITY COUNCIL - Record No: CB 121008

• Record No: CB 121008
• Version: 1
• Council Bill No: CB 121008
• Type: Council Bill (CB)
• Status: In Committee
• Current Controlling Legislative Body: Parks, Public Utilities, and Technology Committee
• On agenda: 7/9/2025
• Title: AN ORDINANCE amending the Landscape Conservation and Infrastructure Program Funding Plan for South Lake Union and Downtown as adopted by Ordinance 124286.
• Sponsors: Joy Hollingsworth
• Supporting documents: 1. Att A - Amended LCLIP Funding Plan, 2. Summary and Fiscal Note, 3. Summary Att A - Amended LCLIP Funding Plan Tracked Changes, 4. Summary Att B - Local Infrastructure Project Area for Downtown and South Lake Union, 5. Summary Att C - Racial Equity Toolkit, 6. Presentation, 7. Memo

Date	Ver.	Action By	Action	Result
6/25/2025	1	Parks, Public Utilities, and Technology Committee	discussed
6/24/2025	1	City Council	referred
6/16/2025	1	Council President's Office	sent for review
6/11/2025	1	City Clerk	sent for review
6/11/2025	1	Mayor	legislation transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE amending the Landscape Conservation and Infrastructure Program Funding Plan for South Lake Union and Downtown as adopted by Ordinance 124286.
body
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 t...