AN ORDINANCE relating to the Department of Finance and Administrative Services; authorizing the Director of Finance and Administrative Services, on behalf of Seattle Public Utilities, to negotiate and execute real property lease agreements and amendments with Broadacres LLC, for office space and ancillary uses in the Wharf Building located at 4209 21st Ave W; and ratifying and confirming certain prior acts.
The Report of the Finance and Neighborhoods Committee Agenda Item for Council Vote 119 541 relating to the Department of Finance Administrative Services authorizing the Director of Finance Administrative Services on behalf of the Seattle Public Utilities to negotiate and execute real property. Lease Agreement and amendments for Broad Acres, LLC for office space and ancillary uses in the wharf building. 4209 21st Avenue West. In ratifying confirming certain prior acts, the committee recommends the bill pass. Jasmine Back. Show. Thank you. This is a lease for Seattle Public Utilities. They are moving a group that focuses on the kind of ecological disaster that none of us want to see happen. And they've got 19 staff and 16 vehicles and one boat, and they need a place to put all of the vehicles. And they're planning to move over onto Wharf Street, which is off of Emerson and down by the Fisherman's Wharf. The particular specifics on this is that it'll be 7759 square feet of a warehouse. They work closely with FASB, who went through 15 different sites. They visited the four sites. They did cost comparisons. This will be a ten year lease that allows them to add one five year option or to actually reduce it to eight years if they decide that they don't need that much space. And this is actually because of the linear reservoir that is going to be constructed in Ballard. So the landlord's going to provide $310,000 for tenant improvements. Negotiated rent is $25,055 per month. It increases annually, and this is consistent with the amounts of money that others are charging in our area. So I want to say thank you both to Seattle Public Utilities, the folks that came in and briefed us at our committee and also to FASB. The good work that they've done to make this happen. And the committee unanimously recommends that we have previously hornets. Thanks, guys. My backs. Are there any questions or comments? Okay. Please call the role on the passage of the bill. Pacheco I thank John Gonzalez I Purple II. O'Brien, II. President Harrell six in favor and. Unopposed bill passed and chair of Senate. I believe that concludes our business on today's decision. Is there any further business to come before the council comes from Gonzalez? Thank you. I'd like to move to be excused on Monday, June 24th. Second. It's been moved in a second. And that Councilwoman Gonzalez be excused on June 24th. Any questions or comments? All those in favor say I oppose. The ayes have it. Any further business coming for the council? Catherine and Brian. I'll move to be excused on Monday, July 15th. Second. The mood. And secondly, that Catherine O'Brien be excused on July 15th. Any questions or comments? All those in favor say I. I opposed oppose. The ayes have it in the house. Okay. We stand and cheering and everyone have a great rest of the day. You all right?