File #: 2024-0384    Version:
Type: Ordinance Status: Passed
File created: 11/12/2024 In control: Budget and Fiscal Management Committee
On agenda: Final action: 1/28/2025
Enactment date: 2/6/2025 Enactment #: 19889
Title: AN ORDINANCE authorizing the King County executive to execute an amended and restated commercial ground lease agreement with one of the original lease signatories for the child care, comfort station, and retail space elements of the existing mixed-use affordable housing project on county-owned land located at the Northgate Park and Pool lot, in council district one.
Sponsors: Girmay Zahilay
Indexes: affordable housing, Agreement, Child Care, Commercial, Community, Executive, Housing, Lease, Northgate
Attachments: 1. Ordinance 19889, 2. A. Amended and Restated Ground Lease for Commercial Space Between King County as Landlord and Northgate Retail LLC as Tenant, updated January 16, 2025, 3. A. Amended and Restated Ground Lease for Commercial Space Between King County as Landlord and Northgate Retail LLC as Tenant, 4. A. Amended and Restated Ground Lease for Commercial Space, 5. 2024-0384 Transmittal Letter, 6. 2024-0384 Fiscal Note, 7. 2024-0384 Property Summary, 8. 2024-0384 Legislative Review Form, 9. 2024-0383-0384_SR_Northgate-TOD-Leases-12-02-24, 10. 2024-0383-0384_SR_Northgate-TOD-Leases-01-22-25, 11. 2024-0384_AMD S1_Northgate Comm Leasekhm barkhm011625, 12. 2024-0384_AMD T1 khm 010325, 13. 2024-0383-0384_Revised_SR_Northgate-TOD-Leases
Staff: Bourguignon, Mary
Title
AN ORDINANCE authorizing the King County executive to execute an amended and restated commercial ground lease agreement with one of the original lease signatories for the child care, comfort station, and retail space elements of the existing mixed-use affordable housing project on county-owned land located at the Northgate Park and Pool lot, in council district one.
Body
STATEMENT OF FACTS:
1. Consistent with K.C.C. 4.56.070.C.1., in 2018 King County issued a request for qualifications and concepts, number 1207-18-VLN ("the RFQ/C"), through which King County sought proposals for the development of its Northgate Park and Pool lot. Among other things, the RFQ/C required proposals to include a minimum of two hundred units of subsidized affordable housing for a minimum of fifty years to serve households earning up to sixty percent of Area Median Income ("AMI"), with a mix of unit sizes and configurations, and with a minimum of ten percent of the units to be "system connected," serving very-low to extremely-low income households below fifty percent of AMI.
2. The RFQ/C resulted in three proposals and King County selected a developer team and commenced negotiations with the selected team.
3. After extensive negotiations the Metro transit department determined that the county should award a ground lease of a portion of the county-owned land located at the Northgate Park and Pool lot to Bridge Housing Corporation and the entity now known as Community Roots Housing (collectively, "Bridge/CRH") for an affordable housing project to include two hundred thirty-two units of affordable housing for seventy-five years with at least twenty-four units designated for system-connected households with incomes of fifty percent or less of AMI, as well as a child care facility, a comfort station for transit operators, and a retail space.
4. The Metro transit department successfully negotiated a ground lease with an entity managed by Bridge/CRH ("Northgate Affordable Housing L...

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