File #: 2006-0235    Version:
Type: Ordinance Status: Passed
File created: 5/15/2006 In control: Capital Budget Committee
On agenda: Final action: 5/22/2006
Enactment date: 5/26/2006 Enactment #: 15476
Title: AN ORDINANCE authorizing the King County executive to lease park and ride stalls from Northgate South Commons, LLC; and declaring an emergency.
Sponsors: Bob Ferguson
Indexes: Executive, Lease, Northgate , Park and Ride
Attachments: 1. 15476.pdf, 2. 2006-0235 fiscal note Lorig.xls, 3. 2006-0235 Revised Staff Report 5-17-06.doc, 4. 2006-0235 transmittal letter.doc, 5. A. Lease Agreement, 6. A. Lease Agreement - revised 5-17-06, 7. A. Lease Agreement - revised 5-17-06
Staff: Carlson, Paul
Drafter
Clerk 05/23/2006
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AN ORDINANCE authorizing the King County executive to lease park and ride stalls from Northgate South Commons, LLC; and declaring an emergency.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. King County's growth management policies promote the creation of housing in urban areas to minimize sprawl and encourage urban development, walking, and other benefits of downtown development.
B. Consolidation of the park and ride spaces adjacent to the Northgate Transit Center provides important benefits to Metro's customers and provides better service and reliability.
C. King County will gain significant sales tax and property tax revenues through the redevelopment of parcels adjacent to the Northgate Transit Center.
D. Northgate South Commons, LLC is developing property east of and adjacent to the Northgate Transit Center.
E. The development will include construction of a parking garage.
F. Shared parking stalls reduce the area devoted to automobiles and promote more pedestrian friendly urban environments. The Northgate South Commons parking garage will provide parking for park and ride users and visitors to the Northgate Mall and thus reduce the land area dedicated to surface parking.
G. King County and Northgate South Commons have negotiated the terms of a lease agreement for stalls in the Northgate South Commons parking garage.
H. The plan to replace existing park and ride facilities that are presently provided at the Northgate park and ride lot located at 11203 5th Avenue NE, Seattle, Washington, and to convey that lot to the city of Seattle requires the execution of leases for replacement garage parking space with two project developers as well as a purchase and sale agreement with the city of Seattle, together with an appropriation necessary to fund the leases. The project developers have existing deadlines for the execution of leases with the county and for the conveyan...

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