SEATTLE CITY COUNCIL - Record No: CB 120396

• Record No: CB 120396
• Version: 2
• Council Bill No: CB 120396
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 8/16/2022
• Ordinance No: Ord 126653
• Title: AN ORDINANCE relating to the financing of the Aquarium Expansion project; creating a fund for depositing proceeds of tax-exempt limited tax general obligation bonds in 2023; authorizing the loan of funds in the amount of $20,000,000 from the REET I Capital Projects Fund to the 2023 Multipurpose LTGO Bond Fund for continuing the work on the "Ocean Pavilion" Aquarium expansion; amending Ordinance 126490, which adopted the 2022 Budget, including the 2022-2027 Capital Improvement Program (CIP); changing appropriations to Seattle Parks and Recreation; and revising project allocations and spending plans for certain projects in the 2022-2027 CIP; all by a 3/4 vote of the City Council.
• Sponsors: Teresa Mosqueda
• Supporting documents: 1. Summary and Fiscal Note, 2. Amendment A, 3. Presentation, 4. Central Staff Memo, 5. Signed Ordinance 126653, 6. Affidavit of Publication

Date	Ver.	Action By	Action	Result
8/18/2022	2	City Clerk	attested by City Clerk
8/18/2022	2	Mayor	returned
8/18/2022	2	Mayor	Signed
8/18/2022	2	City Clerk	submitted for Mayor's signature
8/16/2022	1	City Council	passed as amended	Pass
8/11/2022	1	Finance and Housing Committee	pass	Pass
8/9/2022	1	City Council	referred
8/1/2022	1	Council President's Office	sent for review
7/27/2022	1	City Clerk	sent for review
7/27/2022	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the financing of the Aquarium Expansion project; creating a fund for depositing proceeds of tax-exempt limited tax general obligation bonds in 2023; authorizing the loan of funds in the amount of $20,000,000 from the REET I Capital Projects Fund to the 2023 Multipurpose LTGO Bond Fund for continuing the work on the "Ocean Pavilion" Aquarium expansion; amending Ordinance 126490, which adopted the 2022 Budget, including the 2022-2027 Capital Improvement Program (CIP); changing appropriations to Seattle Parks and Recreation; and revising project allocations and spending plans for certain projects in the 2022-2027 CIP; all by a 3/4 vote of the City Council.
body
WHEREAS, The City of Seattle ("City") owns the Seattle Aquarium facility ("Aquarium"), located on Piers 59 and 60 along the Seattle Central Waterfront ("Waterfront") and recognizes the importance of the Aquarium for its national and regional standing for scientific research, marine conservation education, civic engagement, and value as a visitor destination. The Seattle Aquarium Society (SEAS) has managed aspects of the Aquarium operations since the 1980s under a series of agreements with the City's Parks and Recreation Department (SPR), and SEAS assumed full management responsibility in 2010; and
WHEREAS, in 2009, the City Council passed Ordinance 123205, authorizing SPR to enter into a long-term agreement with SEAS to operate and manage the Aquarium. The Operations and Management Agreement (OMA) required SEAS to prepare a master plan to guide investments in the physical development of the Aquarium and further required that the SEAS Master Plan be approved by the City Council by resolution. Under the OMA, new capital improvements that SEAS develops will be owned by the City, with SEAS owning all animals and maintaining and operating the facility, including providing animal care and programming of the ...