AN ORDINANCE declaring the Property at 339 22nd Avenue East (PMA 156) as surplus to the City’s needs; authorizing the Director of Finance and Administrative Services to sell two parcels through an open and competitive process; and designating the disposition of sales proceeds.
Agenda item five Council Bill 118412. Declaring the property at 339 22nd Avenue East. PMA 156 as surplus to the city's needs, authorizing the Director of Finance and Administrative Services to sell two parcels through an open and competitive process and designating the disposition of sale proceeds. The Committee recommends the Council bill pass. Thank you, Councilmember Gordon. This legislation council bill 118412 was revised by Councilmember Liccardo and the Finance and Culture Committee to direct funding from a property sale to low income housing. This is a surplus property not suitable for housing development, so the proceeds will be directed to low income rental housing, half of those with 60% less medium income, half to those with 30% less annual median income. It is estimated to raise $700,000 towards low income housing. The committee recommends passage. Thank you. Questions or comments? Please call the roll on the passage of the bill. Gordon by. Harrell O'Brien. Hi, Okamoto. Rasmussen. Right. So want shot. And President Burgess. Eight in favor. Nine opposed. The bill passes and the chair will sign it. Please. Rate item six.