CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to Seattle Public Utilities; authorizing a direct sale of real property identified in King County records as parcel 162206-9049-04, a portion of Lake Youngs Aqueduct Right-of-Way in King County, Washington to Sherrell Development LLC, establishing the fair market value for said parcel; and authorizing the General Manager/CEO of Seattle Public Utilities to execute all documents and take other necessary actions to complete the sale of the property; designating the proceeds from the sale; and ratifying and confirming certain prior acts.
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WHEREAS, pursuant to Ordinance 52768, The City of Seattle acquired certain properties, referred to as the Lake Youngs Aqueduct Right-of-Way (Properties); and
WHEREAS, Resolution 27707, adopted February 8, 1988, declared the Property acquired under Ordinance 52768 surplus to the City's needs and authorized its sale to abutting owners or others at fair market value; and
WHEREAS, one parcel of the acquired Property, described as King County parcel #162206-9049-04 at 23611 Maple Valley-Black Diamond Rd SE, King County WA, remains in City ownership; and
WHEREAS, an abutting landowner approached Seattle Public Utilities (SPU) on November 22, 2023, to purchase the Property; and
WHEREAS, SPU determined the Property is no longer needed for municipal water purposes, and declared it excess to its needs; and
WHEREAS, after negotiations, the abutting landowner and SPU agreed on terms and fair market value based on a professional appraisal; and
WHEREAS, the SPU General Manager/CEO recommends the sale and conveyance of the Property to the abutting landowner; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Pursuant to RCW 35.94.040, the sale of the following described real property (the Property):
THAT PORTION OF THE 100-FOOT-WIDE CITY OF SEATTLE PIPELINE RIGHT-OF-WAY AS CONDEMNED IN KING COUNTY SUPE...
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