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File #: 2021-0350    Version:
Type: Ordinance Status: Passed
File created: 9/21/2021 In control: Budget and Fiscal Management Committee
On agenda: Final action: 11/23/2021
Enactment date: Enactment #: 19363
Title: AN ORDINANCE authorizing the King County executive to enter into a development agreement with Bridge Housing Corporation and Community Roots Housing to develop and ground lease county-owned land located at the Northgate Park and Pool lot, in council district one, for affordable housing and related purposes.
Sponsors: Rod Dembowski
Indexes: Agreement, Council, Executive, Housing, King County, Lease, Northgate , Parking, Pools
Attachments: 1. A. Development Agreement, Northgate Transit Center/Affordable Housing Project, dated 11/16/21, 2. A. Development Agreement, Northgate Transit Center/Affordable Housing Project, 3. 2021-0350 transmittal letter, 4. 2021-0350 Lease Property Summary, 5. 2021-0350 fiscal note, 6. 2021-0350 Legislative Review Form, 7. 2021-0350_SR_NorthgateDevelopmentAgreement, 8. 2021-0350_Att1A_Northgate_PDF_WithPgNumbers, 9. 2021-0350_ATT2_AMD1_NorthgateTOD, 10. 2021-0350_ATT2_AMD1_AttA_01_Development Agreement_11162021khm reponse, 11. 2021-0350_ATT2_AMD1_AttA_02_GroundLease_11162021responses, 12. 2021-0350_RevisedSR_NorthgateDevelopmentAgreement
Staff: Sanders, April
Title
AN ORDINANCE authorizing the King County executive to enter into a development agreement with Bridge Housing Corporation and Community Roots Housing to develop and ground lease county-owned land located at the Northgate Park and Pool lot, in council district one, for affordable housing and related purposes.
Body
STATEMENT OF FACTS:
1. Consistent with K.C.C. 4.56.070.C.1. and K.C.C. 4.56.085, 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 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 enter into a development agreement and ground lease a portion of the county-owned land located at the Northgate Park and Pool lot to Bridge Housing Corporation and 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 the area median income.
4. The Metro transit department successfully negotiated a development agreement, form of ground lease, and related instruments with Bridge/CRH for a portion of the county-owned land located at the Northgate Park and Pool lot.
BE IT ORDAINED BY THE COUNCI...

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