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Record No: CB 119603    Version: 1 Council Bill No: CB 119603
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 9/3/2019
Ordinance No: Ord 125908
Title: AN ORDINANCE relating to the transfer of City real property for housing development; declaring the property located at 1314, 1326, and 1336 Yakima Avenue South ("PMA 1594") surplus to the City's needs; transferring the jurisdiction of this property from the Department of Finance and Administrative Services to the Office of Housing; authorizing its transfer to Homestead Community Land Trust or its designee; and authorizing the Director of the Office of Housing to execute and deliver the contract for transfer of land, deed, and related documents.
Sponsors: Sally Bagshaw
Attachments: 1. Att A - Term Sheet
Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att 1 - Map of Property, 3. Presentation, 4. Signed Ordinance 125908, 5. Affidavit of Publication
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 1314, 1326, and 1336 Yakima Avenue South ("PMA 1594") surplus to the City's needs; transferring the jurisdiction of this property from the Department of Finance and Administrative Services to the Office of Housing; authorizing its transfer to Homestead Community Land Trust or its designee; and authorizing the Director of the Office of Housing to execute and deliver the contract for transfer of land, deed, and related documents.
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WHEREAS, the Department of Finance and Administrative Services (FAS) notified other City of Seattle ("City") departments about the availability of the property at 1314, 1326, and 1336 Yakima Avenue South ("PMA 1594") as excess to the City's needs; and
WHEREAS, none of the notified departments indicated any interest in PMA 1594 except the Office of Housing (OH), which expressed its interest in facilitating the development of the property for affordable housing; and
WHEREAS, FAS prepared a preliminary report and recommendation for OH to solicit development proposals for use of the property for affordable homeownership opportunities; and
WHEREAS, in September 2017 the City Council adopted Resolution 31770, which provides that the City intends to prioritize the use of surplus properties for the development of affordable housing and to expedite such dispositions to create more affordable housing as quickly as possible; and
WHEREAS, the Office of Housing conducted a competitive process to select a developer for permanently affordable homeownership on PMA 1594; and
WHEREAS, the development team consisting of Homestead Community Land Trust and Edge Developers, LLC, was selected to develop this property as permanently affordable homeownership; and
WHEREAS, Homestead Community Land Trust and Edge Developers propose to develop 16 townhomes, at...

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