CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the Seattle Department of Transportation jurisdictional property located in Lot 1, Block 81, Lake Union Shore Lands, in King County, Washington, commonly referred to as 900 Broad Street ("Property") and declaring it as surplus to the City's needs; removing the limited access highway purposes property designation; authorizing the sale of the Property for fair market value through an open and competitive sales process managed by the Department of Finance and Administrative Services; authorizing the Director of Transportation, or the Director's 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, the property located in Lot 1, Block 81, Lake Union Shore Lands, in King County, Washington, commonly referred to as 900 Broad Street ("Property") was purchased in 1971 with funds from the Arterial City Street Fund and accepted under Ordinance 100254 for limited access highway purposes in connection with the Bay Freeway Project; and
WHEREAS, in 1972 voters of Seattle abandoned the Bay Freeway Project; 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 Mercer Corridor Excess Property, PMA 4193, 900 Broad Street, and the Report on the Public Involvement Plan, June 1, 2016 ("Final Report") has been published; and
WHEREAS, the Final Report recommends that the Property be sold at fair market value through an open and competitive process managed by the Department of Finance and Administrative Services; and
WHEREAS, the...
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