King County - File #: 2006-0002

• File #: 2006-0002
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 1/17/2006
• In control: Transportation Committee
• On agenda: 3/6/2006
• Final action: 3/6/2006
• Enactment date: 3/14/2006
• Enactment #: 15383
• Title: AN ORDINANCE authorizing the King County executive to sell a portion of the downtown Redmond Park and Ride lot, parcels A and B, for mixed use development including affordable housing.
• Sponsors: Larry Phillips, Kathy Lambert, Julia Patterson
• Indexes: Executive, Housing, Redmond, City of

Date	Ver.	Action By	Action	Result
3/6/2006	2	Metropolitan King County Council	Hearing Held
3/6/2006	2	Metropolitan King County Council	Passed	Pass
2/22/2006	1	Transportation Committee	Amended	Pass
2/22/2006	2	Transportation Committee	Recommended Do Pass Substitute	Pass
2/8/2006	1	Transportation Committee	Deferred
1/17/2006	1	Metropolitan King County Council	Introduced and Referred

Drafter
Clerk 2/24/2006
title
AN ORDINANCE authorizing the King County executive to sell a portion of the downtown Redmond Park and Ride lot, parcels A and B, for mixed use development including affordable housing.
body
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. Redevelopment of the Redmond surface park and ride into a structured park and ride with a private four-hundred-unit housing complex will significantly enhance downtown Redmond and promote transit ridership.
C. King County will gain significant sales tax and property tax revenues through the redevelopment of the surplus Redmond county-owned properties.
SECTION 2. The Metro transit division is hereby declaring a portion of the downtown Redmond Park and Ride lot, parcels A and B, surplus to its needs as the proceeds from the sale will provide revenue to pay for developing a three-hundred-eighty-six-stall park and ride garage adjacent to the surplus portion on parcel C as shown on the attached parcel map. This surplus agreement is subject to sale at the price identified in the real estate purchase and sale agreement.
SECTION 3. The King County executive is hereby authorized on behalf of the county to execute a real estate purchase and sale agreement with Trammel Crow Residential Northwest Acquisitions Limited Partnership, for sale of a portion of the downtown Redmond Park and Ride lot, parcels A and B, substantially in the form of Attachment A to this ordinance.
SECTION 4. The appropriate county officials, agents and employees are hereby authorized to take all actions necessary to implement the sale and all actions up to now taken by county officials, agents and employees consistent with the terms and purposes of the real estate purchase and sale agreement...