King County - File #: 2006-0051

• File #: 2006-0051
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 2/13/2006
• In control: Capital Budget Committee
• On agenda: 6/26/2006
• Final action: 6/26/2006
• Enactment date: 6/29/2006
• Enactment #: 15536
• Title: AN ORDINANCE authorizing the executive to execute a purchase and sale agreement and all necessary conveyance documents to complete the sale of the county-owned property known as the North Lake Union Upper parcel to Touchstone Corporation, located in council district 2.
• Sponsors: Jane Hague
• Indexes: Agreement, North Lake Union, Property

Date	Ver.	Action By	Action	Result
6/26/2006	1	Metropolitan King County Council	Hearing Held
6/26/2006	1	Metropolitan King County Council	Passed	Pass
6/19/2006	1	Metropolitan King County Council	Deferred
6/7/2006	1	Capital Budget Committee	Passed Out of Committee Without a Recommendation	Pass
5/17/2006	1	Capital Budget Committee	Deferred
5/3/2006	1	Capital Budget Committee	Deferred
4/19/2006	1	Capital Budget Committee	Deferred
2/13/2006	1	Metropolitan King County Council	Introduced and Referred

Drafter
Clerk 01/26/2006
Title
AN ORDINANCE authorizing the executive to execute a purchase and sale agreement and all necessary conveyance documents to complete the sale of the county-owned property known as the North Lake Union Upper parcel to Touchstone Corporation, located in council district 2.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. King County owns 1.67 acre (72,893 square feet) parcel of land, commonly known as the North Lake Union Maintenance Facility or Tank Farm, located at 3301 Densmore Ave. North adjacent to Gasworks park in the city of Seattle, Washington. King County Metro transit division is the custodian.
B. The property was originally developed as a bulk fuel storage facility by the Standard Oil Company of California (now Chevron Products Company) in the 1920s. The property was purchased from Chevron by the Municipality of Metropolitan Seattle (now King County Metro) as a fuel storage depot in 1982.
C. King County Metro transit currently uses the site to house certain maintenance functions. These functions include bus shelter cleaning, a paint shop and landscaping of transit facilities. There are approximately fifty-five people who currently work at this facility.
D. King County Metro transit division received an unsolicited letter of intent in October 2003 requesting to purchase the North Lake Union upper parcel and in return King County Metro transit division would:
1. Receive a new maintenance site and facility;
2. Receive three million dollars in cash; and
3. Have the purchaser clean up any contaminated soil encountered during the development of the property at their expense.
E. King County transit division concluded that the offer was of exceptional value to the county.
F. The transit division seeks to divest itself of the North Lake Union upper parcel if certain conditions can be met.
G. The conditions set forth that make it possible for the transit divi...