Title
AN ORDINANCE authorizing the executive to execute documents for the improvement and leasing of a child care facility in the Chinook Building; amending Ordinance 14509, Section 36, as amended, and K.C.C. 4.56.180; and declaring an emergency.
Body
BE IT ORDAINED BY THE COUNTY COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. King County is the owner of the land at 401 Fifth Avenue, Seattle, in King County, Washington. Goat Hill Properties, a Washington nonprofit corporation, is leasing the land from King County under a Ground Lease dated as of January 1, 2005. Goat Hill Properties has developed a building on that land known as the Chinook Building through issuance of tax-exempt bonds, and has leased the Chinook Building back to King County under a Project Lease Agreement dated as of January 1, 2005, as amended by a First Amendment to Project Lease and to Memorandum of Project Lease dated October 2005.
B. The Chinook Building has been developed pursuant to a Master Use Permit issued by the Seattle Department of Planning and Development, Project 2401763, which includes an allowance for certain bonus floor area based in part upon the voluntary agreement to provide approximately nine hundred eighty square feet of child care space pursuant to Seattle Municipal Code ("SMC") 23.49.012, using the "performance option" as described therein, and as set forth in that certain Covenant Regarding Bonus Floor Area recorded under King County recording no. 20070223002398 (DPD Covenant).
C. Wright Runstad Associates Limited Partnership, a Washington limited partnership and the developer of the Chinook Building, has represented in writing to King County that all other requirements of the Covenant Regarding Bonus Floor Area besides the child care space have been met.
D. The county has determined that it is in the public interest to have child care service provided in the Chinook Building, and to have that child care service set aside twenty percent of its available ca...
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