SEATTLE CITY COUNCIL - Record No: CB 120659

• Record No: CB 120659
• Version: 1
• Council Bill No: CB 120659
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 9/26/2023
• Ordinance No: Ord 126902
• Title: AN ORDINANCE relating to the transfer of City real property for housing development; declaring the property located at 6109 Phinney Avenue N ("Property") surplus to the City's needs; authorizing transfer of the Phinney Ridge Property to Homestead Community Land Trust or its designee; authorizing the Director of the Office of Housing or the Director's designee to execute and deliver a contract for transfer of land, deed, and related documents; and ratifying and confirming certain prior acts.
• Sponsors: Teresa Mosqueda
• Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att 1 - Phinney Property Maps, 3. Presentation, 4. Signed Ordinance 126902, 5. Affidavit of Publication

Date	Ver.	Action By	Action	Result
10/2/2023	1	City Clerk	attested by City Clerk
10/2/2023	1	Mayor	returned
10/2/2023	1	Mayor	Signed
9/29/2023	1	City Clerk	submitted for Mayor's signature
9/26/2023	1	City Council	passed	Pass
9/20/2023	1	Finance and Housing Committee	pass	Pass
9/12/2023	1	City Council	referred
9/7/2023	1	Council President's Office	sent for review
8/23/2023	1	City Clerk	sent for review
8/23/2023	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the transfer of City real property for housing development; declaring the property located at 6109 Phinney Avenue N ("Property") surplus to the City's needs; authorizing transfer of the Phinney Ridge Property to Homestead Community Land Trust or its designee; authorizing the Director of the Office of Housing or the Director's designee to execute and deliver a contract for transfer of land, deed, and related documents; and ratifying and confirming certain prior acts.
body
WHEREAS, in Ordinance 125960, The City of Seattle ("City") declared the Property (described below) surplus, and transferred jurisdiction of the Property to the Office of Housing for the purpose of developing permanently affordable home ownership for low-income households at or below 80 percent of the median income; and
WHEREAS, the Office of Housing conducted a competitive process and selected Homestead Community Land Trust as the developer for permanently affordable homeownership on the Property based upon its plan to develop 19 units of affordable housing at the site; and
WHEREAS, Homestead Community Land Trust has since acquired, at the organization's expense, an adjacent property to assemble a larger site to create an easier to develop site with additional street frontage; and
WHEREAS, Homestead Community Land Trust has conducted due diligence and pre-development activities, applied for permits, has incurred substantial pre-development expenses and now proposes to develop a multifamily residential development including 30 condominium units, with 19 that will be affordable to households earning less than 80 percent of the area median income; and
WHEREAS, upon transfer of title to the Property, the Office of Housing shall require the transferee to accept the Property "as-is, where-is, with all faults" and to release, indemnify, and hold the City harmless from any future claims regarding...