Drafter
Clerk 11/06/2024
Title
AN ORDINANCE authorizing the King County executive to execute an amended and restated residential ground lease with an entity comprised of Bridge Housing Corporation and Community Roots Housing for the affordable housing 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 commercial space.
4. The Metro transit department successfully negotiated a ground lease with Bridge/CRH for a portion of t...
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