AN ORDINANCE relating to the Seattle Department of Transportation jurisdictional property located in Lots 1, 2, and 3, Block 13, Lake View Addition to the City of Seattle, commonly referred to as 805 NE Northlake Place (“Property”) and declaring it as surplus to the City’s needs; superseding in part Ordinance 114502 relating to the sale of the Property; authorizing the sale of the Property for fair market value through a negotiated sale to the University of Washington, and if such sale is not completed within one year of being offered for sale then through an open and competitive sales process to be managed by the Department of Finance and Administrative Services; authorizing the Director of Transportation, or his designee, to execute all necessary documents to accomplish the sale of the Property; and designating the proceeds from the sale.
The bill passes. The chair will sign it. Which item? Number 14, please. Agenda item 14 Council Bill 118723 relating to the Seattle Department of Transportation jurisdictional property located in lots one, two and three. BLOCK 13 Lakeview addition to the city of Seattle, commonly referred to as 805 Northeast North Lake Place and declaring it a surplus to the city's needs. Councilmember O'Brien This is a parcel, as mentioned, at 805 Northeast North Lake Place. It was originally acquired by the city when there was an intent to potentially relocate a street there. That never happened. And this has now been declared surplus by city and other agencies. This Council bill will allow a one year period for the department to negotiate with University of Washington, a fair market purchase of the property. University of Washington has expressed interest in it. At the end of that year, if a deal hasn't been struck, then it will be sold in open market regardless of how it is sold, whether it's university, Washington, anyone else, we will get fair market value for the parcel. Think you can send Brian any comments? Please call the role on the passage of the Bill. O'Brien. AI Salon. Burgess Gonzalez, AI Johnson, Juarez AI Herbold, AI President Harrell eight in favor and unopposed. Bill passed and chair was signing agenda item number 15 and please read the short version of that one.