CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the Seattle Department of Transportation jurisdictional property located in Lots 1, 2, and 3, Block 13, Lake View Addition to the City of Seattle, commonly referred to as 805 NE Northlake Place ("Property") and declaring it as surplus to the City's needs; superseding in part Ordinance 114502 relating to the sale of the Property; authorizing the sale of the Property for fair market value through a negotiated sale to the University of Washington, and if such sale is not completed within one year of being offered for sale then through an open and competitive sales process to be managed by the Department of Finance and Administrative Services; authorizing the Director of Transportation, or his designee, to execute all necessary documents to accomplish the sale of the Property; and designating the proceeds from the sale.
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WHEREAS, in 1971, the property at 805 NE Northlake Place ("Property") was accepted under Ordinance 100377 for the purpose of relocating NE Pacific Street, which was subsequently widened instead of relocated; and
WHEREAS, in May 1989, the Property was authorized for sale in accordance with Ordinance 114502, although it was not sold at that time due to the occupancy of the Property by a long-term tenant; and
WHEREAS, Resolution 29799, passed August 10, 1998, as amended by Resolution 30862, passed May 1, 2006, adopted procedures by the Seattle City Council regarding property reuse and disposition of City-owned property ("Property Disposition Procedures"); and
WHEREAS, in accordance with the Property Disposition Procedures, the Final Recommendation Report on Reuse and Disposal of the Seattle Department of Transportation Excess Property PMA 4077, the Building at 805 NE Northlake Pl., March 14, 2016 ("Final Report"), has been published; and
WHEREAS, the Final Report recommends that the Property is first offered for sale through a negotiated sa...
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