Title
A MOTION requesting the executive to identify and develop a plan to pay for the ecological repair work that will be required for the use of the of the four parcels lots owned by Northwest Aggregates Company located on Maury Island in council district 8 that the county intends to purchase.
Body
WHEREAS, King County has negotiated the purchase of approximately two hundred fifty acres of land on Maury Island ("the NWA property") owned by Northwest Aggregates Co., an Oregon corporation ("NWA"). Closing of this transaction before the end of the year is a material term of the purchase and sale agreement ("the PSA"), required by NWA, and
WHEREAS, the PSA establishes a purchase price for the NWA property at $36,000,000.00. The county would be purchasing this property "as is." The NWA property is within the area of the Asarco Plume and the county is aware that the NWA property is contaminated with arsenic and lead. Under state law, King County, as the property owner, will be responsible for remediating the NWA property, and
WHEREAS, part of the NWA property operated as a gravel and sand mine. Under the PSA, the county will assume the costs to reclaim the mined portion of the NWA property, and
WHEREAS, unless the county exercises an option to pay NWA additional consideration, the county will also be responsible for removing the conveyor and other personal property from the NWA property, and
WHEREAS, there are tunnels located on the NWA property that will need to be closed, and
WHEREAS, NWA has a lease with the state of Washington for the bedlands waterward of the property's shoreline, and
WHEREAS, it is anticipated that the county will be entering into a new lease with the state of Washington, a condition of which will require the county to remove the dock pilings previously installed in the bedlands, and
WHEREAS, there currently is no dedicated source of funds to undertake the ecological repair work that may be required, including but not limited to ...

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