CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the City Light Department; declaring certain real property rights surplus to utility needs; authorizing the General Manager and Chief Executive Officer to execute an agreement for the City to grant an easement for parking and access purposes over a portion of the City's fee-owned Bothell-Canal Transmission Corridor at 17524 Aurora Avenue North in the City of Shoreline, Washington; accepting payment for the true and full value of the easement from GCW Shoreline, LLC, and WG @ Shoreline, LLC; and ratifying and confirming certain prior acts.
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WHEREAS, The City of Seattle owns by recorded deed a certain parcel of land in the Southwest Quarter of the Southwest Quarter of the Northeast Quarter of Section 7, Township 26 North, Range 4 East, W.M., King County Tax Parcel Number 072604-9050, being a portion of the Bothell-Canal Transmission Corridor in the City of Shoreline, King County, Washington; and
WHEREAS, GCW Shoreline, LLC ("GCW") and WG @ Shoreline, LLC ("WG Shoreline") own certain real property adjacent to the City-owned transmission corridor that is leased to the Walgreen Company for use as a pharmacy and retail store; and
WHEREAS, GCW and WG Shoreline have requested that the City grant a permanent easement over a portion of the City-owned transmission corridor for parking and access purposes related to use of the GCW and WG Shoreline property; and
WHEREAS, City Light has determined that the easement grant requested by GCW and WG Shoreline is an acceptable use of the transmission corridor in accordance with City Light's real property use standards, will not interfere with City Light operations, and is excess to City utility needs; and
WHEREAS, GCW and WG Shoreline will pay The City of Seattle the fair market value for the requested easement, as determined by independent appraisal, in the amount of $525,000; NOW, THEREFORE,
BE IT ORDAINED...
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