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File #: 2018-0374    Version:
Type: Ordinance Status: Passed
File created: 7/30/2018 In control: Committee of the Whole
On agenda: Final action: 9/17/2018
Enactment date: 9/19/2018 Enactment #: 18788
Title: AN ORDINANCE authorizing a new funding agreement and amendment to the existing financing agreement with the Washington State Major League Baseball Stadium Public Facilities District.
Sponsors: Pete von Reichbauer, Joe McDermott
Indexes: Baseball, Interlocal Agreement, Washington, State of
Attachments: 1. Ordinance 18788.pdf, 2. A. Funding Agreement Between King County and the Washington State Major League Baseball Stadium Public Facilities District, dated September 17, 2018, as amended, 3. A. Agreement Between King County and the Washington State Major League Baseball Stadium Public Facilities District revised 9-5-18.docx, 4. A. Funding Agreement Between King County and the Washington State Major League Baseball Stadium Public Facilities District, dated September 1, 2018, 5. A. Agreement Betweekn King County and the Washington State Major League Baseball Stadium Public Facilities District, 6. B. Amendment No. 6 to Agreement, dated September 1, 2018, 7. C. 2018 August OEFA Estimated Annual Lodging Tax Revenue, 8. 2018-0374 transmittal letter, 9. B. Amendment No. 6 to Agreement, 10. 2018-0374 fiscal note, 11. 2018-0266_and_2018-0374_SR_Lodging_Tax_Allocation_And_PFD_ILA edits JM edits PH.docx, 12. 2018-0266&0374-ATT5-RCW 67.28.180.pdf, 13. 2018-0266&0374-ATT6-Ordinance 18181.pdf, 14. 2018-0266&0374-ATT7-Buiding_For_Culture_Program_Project_List_by_District_November_2015.pdf, 15. 2018-0266&0374-ATT9A-TODBondAllocationPlan.pdf, 16. 2018-0266&0374-ATT9-Motion 14687.pdf, 17. 2018-0266&0374-ATT11-PFD-Resolution-18-004.pdf, 18. 2018-0266&0374-ATT12-Lease Renewal Term Sheet-Dated05-23-18.pdf, 19. 2018-0266&0374-ATT13-Upgrage ImprovementsDated6-15-18.pdf, 20. 2018-0266&0374-ATT14-FinancingAgmt-AMDs1-5.pdf, 21. 2018-0266&0375-ATT10-TOD-BondAllocations-dated08-16-18.pdf, 22. 2018-0266-ATT1-ProposedMotion.pdf, 23. 2018-0266-ATT8-Revised Building for Culture Program Projects by Ordinance 18773.pdf, 24. 2018-0374-ATT2A-Agreement.pdf, 25. 2018-0374-ATT2B-AMD6toFinancialAgmt.pdf, 26. 2018-0374-ATT2-ProposedOrdinance.pdf, 27. 2018-0374-ATT3-TransmittalLetter.pdf, 28. 2018-0374-ATT4-FiscalNote.pdf, 29. 2018-0374_SR_Lodging_Tax_Allocation_And_PFD_ILA_09.05.2018.docx, 30. 2018-0374_ATT1-AMDS1_striker_redline090218v2.docx, 31. 2018-0374_ATT1A-AMDS1_ATTA_funding agreement redline 09.04.2018.docx, 32. 2018-0374_ATT1B-AMDS1_ATTB_6 amend to FAredline090218.docx, 33. 2018_0374_ATT2-AMDS1_striker.docx, 34. 2018-0374_ATT2A-AMDS1_ATTA_funding agreement clean 09.04.2018.docx, 35. 2018-0374_ATT2B-AMDS1_ATTB_6 amend to FA clean 090218.docx, 36. 2018-0374_ATT3-AMD_T1.docx, 37. 2018-0374 AMD1 to S1.Muhm.DRAFT Ritzen 09-05-18 JMM EditsKHM Riutzen 09-05-18_FINAL.docx, 38. 2018-0374_AMD_T1.docx, 39. 2018-0374_AMD2_to_S1_Reallocationkhm Ritzen 09-05-18khm_FINAL.docx, 40. 2018-0374_AMD3_to_S1_transfer_cap Ritzen 09-04-18khm_FINAL.docx, 41. 2018-0374_AMD4_to_S1_Expenditure_Plan Ritzen 09-05-18.docx, 42. 2018-0374_AMD5_to_S1_Non_Relocation Ritzen 09-04-18_FINAL.docx, 43. 2018-0374_AMD6_to_S1_Special_Election Ritzen 09-04-18_FINAL.docx, 44. 2018-0374_AMD7_to_S1_Change_in_Ownership Ritzen 09-04-18 Revised 940 pmkhm0905_FINAL.docx, 45. 2018-0374_AMD8_to_S1_Naming_Rights Ritzen 09-04-18khm0905_FINAL.docx, 46. 2018-0374_AMD9_to_S1_Labor_Neutrality.docx, 47. 2018-0374_Exhibits-B&C-&-AttC-to_AMD1_to_S1.xlsx, 48. 2018-0374 Public Comments submitted.pdf, 49. 2018-0374_Revised_SR_Lodging_Tax_Allocation_And_PFD_ILA_09.05.2018.docx, 50. 18788 Amendment package - 9-17-18.pdf
Drafter
Clerk 09/18/2018
title
AN ORDINANCE authorizing a new funding agreement and amendment to the existing financing agreement with the Washington State Major League Baseball Stadium Public Facilities District.
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STATEMENT OF FACTS:
1. Rapid population growth in King County will necessitate building affordable and market rate housing near improved public transportation options.
2. The King County council, by passing Motion 14687 in 2016, acknowledged receipt of the Transit Oriented Development Bond Allocation Plan, and the goal of financing up to eighty-seven million dollars of housing projects.
3. As authorized by the state Legislature through RCW 67.28.180, beginning in 2021, at least thirty-seven and one-half percent of the lodging taxes generated every year in King County must be used "for contracts, loans, or grants to nonprofit organizations or public housing authorities for affordable workforce housing within one-half mile of a transit station, as described under RCW 9.91.025 or for services for homeless youth."
4. Equally important are: the building of new gathering places, sites where our diverse histories can be interpreted and shared and public cultural spaces; and the preservation of historic structures that create community identity, encourage strong social connections and further opportunity for entertainment, education and interactions. Civic institutions, such as history and art museums, public galleries, community cultural organizations, performing art centers and historic structures, play a central role in our economy and benefit local businesses, residents and tourists.
5. Arts, culture and heritage make this region an attractive place for new businesses that bring with them new jobs, as arts and heritage businesses add two billion dollars in business activity, eight hundred eighty-two million dollars in payroll and thirty-two thousand five hundred jobs to the central Puget Sound region.
6. As authorized by the state Legislatur...

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