AN ORDINANCE relating to the Pike Place Market Preservation and Development Authority; authorizing the Director of the Office of the Waterfront to enter into a development agreement to distribute $34 million in bond proceeds and to convey certain real property located at 1901 Western Avenue, Seattle, Washington to the Authority for the development of a mixed-used project with public parking, low-income housing, public open space, retail and commercial space; authorizing the acceptance of an easement from the Authority on that property; and authorizing the Director of the Office of the Waterfront and the Housing Director to execute documents and take other actions in connection with this project.
Please read item number five. The part of the Committee on the Central Waterfront Seawall and Alaskan Way Viaduct Replacement Program Agenda Item number five Constable 118339 relating to the Pike Place Market Preservation and Development Authority authorizing the Director of the Office of the Waterfront to enter into a development agreement to distribute 34 million bond proceeds and to convey certain real property located at 1901 Western Avenue. South Seattle, Washington. To excuse me. SEATTLE, Washington. Two The authority for the development of a mixed use project with public parking, low income housing, public open space, retail and commercial space, authorizing the acceptance of an easement from the authority on that property and authorizing the Director of the Office of Waterfront and Housing Director to execute documents and to take other actions. In connection with this project, the committee recommends this bill passes amended. Thank you, Councilmember Gordon. P.S. one North is a city owned property and with the viaduct coming down, it is an opportunity to see the land developed by the public for the public. The Pike Place Market is the right partner in this public project. It has been 40 years since the market has seen an upgrade, but this project is about so much more than just an expanded market. Through this project, the city in the market will develop more short term parking and affordable housing to downtown, as well as create public plazas and a connection from the Pike Place Market to the Waterfront. This is an exciting step for Seattle and a momentous vote for the council today. And I thank you so very much to the members of the committee for their support for Council Bill 118339. Thank you. Questions or comments? Please call the role on the passage of the bill. Clerk I got in. HARRELL Licata, I. O'Brien All right. RASMUSSEN So on. President Burgess eight in favor and unopposed. The bill passes and the chair will sign it. The report of the Housing Affordability, Human Services and Economic Resiliency Committee. Please read item six.