Drafter
Clerk 08/26/2010
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AN ORDINANCE authorizing the King County executive to execute an amendment to the Grand Ridge Joint Agreement among the city of Issaquah, King County, and Grand-Glacier LLC.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings.
A. In 1996, the city of Issaquah, King County, the Grand Ridge Limited Partnership and Glacier Ridge Limited Partnership (which latter two entities are succeeded by Grand-Glacier LLC) executed the Grand Ridge Joint Agreement ("joint agreement") authorized by King County Ordinance 12302, dated May 28, 1996, which, among other provisions, authorized three thousand two hundred fifty new residential units, two million nine hundred fifty thousand square feet of new commercial space and four hundred twenty-five thousand square feet of new retail space in the city of Issaquah in exchange for fee title or conservation easements to the county and city for approximately one thousand five hundred twenty acres of open space, compliance with development standards and mitigation and cost sharing for selected transportation and other improvements.
B. King County Ordinance 13690 (December 1999) authorized the executive to sign an amendment to the Grand Ridge Joint Agreement ("first amendment to the joint agreement") to increase the commercial or retail square footage and to preserve three hundred thirteen acres of rural land in council district twelve by transferring development credits to urban development areas covered by the agreement in the city of Issaquah.
C. The joint agreement and the first amendment to the joint agreement promote growth management and planning objectives by: facilitating the provision of reasonably priced housing, innovative and sensitive land development with clustering, sensitive area preservation and extensive areas of contiguous natural open space, assuring implementation of efficient major infrastructure improvements and appropriate impact mitigation; establishing ...
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