Speaker 2: The bill passed and chair will sign it next. Agenda item.
Speaker 10: Please. Agenda Item 28 Council Bill 118 788 Relating to the disposition of two city urban renewal properties in the Yester Atlantic Redevelopment Project area, adopting competitive procedures for disposition of the properties authorized authorizing Director of the Office of Housing to dispose of the properties designated parcel seven B in parcel 56 in the project area designated the dispositions of sales proceeds superseding ordinance 1220 17 and Resolutions 272 62 eight 866 and 298 52. With respect to the sale of the properties in Red nine confirming certain prior acts, the committee recommends the bill pass.
Speaker 2: The Councilman Burgess.
Speaker 7: Thank you. This ordinance authorizes the sale of two surplus parcels in the Seller Atlantic Neighborhood Project area. This is the old urban renewal project for this particular part of Seattle. I passed out a map for each of you. One of these properties is at 1429 South Jackson Street, near the bottom of the map, and the other is at 1415 East. Yes, the way the proceeds from the sale of these two parcels will be dedicated to affordable housing. And the legislation express expresses our intent that these proceeds from the sale will fund the acquisition of an existing 30 unit building in the central area, which currently has expiring affordability restrictions and will otherwise be available for sale on the private market. This structure is located at 14th and East Osler way, so we'll sell these two prop parcels and then invest this money in the 30 unit structure at 14th and yes way.
Speaker 2: Thank you, Councilman Burgess. Councilmember Herbold.
Speaker 6: Thank you. I just want to underscore that with this one action, we are actually going to be implementing two of the recommendations, one being the use of surplus city property for affordable housing purposes, and the other one focused on the need for preservation of existing low income housing. And so I thank the Office of Housing for bringing forward this piece of legislation that accomplishes a lot.
Speaker 2: Very good. Any further comments from our colleagues?
Speaker 7: And hopefully we can do it again many times. Yeah. Yeah.
Speaker 2: Except please call the role on the passage of the bill.
Speaker 3: Herbold i Johnson. Whereas. O'Brian. Hi.
Speaker 7: Sergeant Burgess. Hi.
Speaker 3: I President Herrell. I aid in favor and unopposed.
Speaker 2: The bill passes and the chair will sign it. Is there any further business to come before the council? And before we adjourn, I did commit to listening to public comment after our adjournment. And so we will adjourn and I will stick around. If anyone wanted to continue to talk about the public comment, anything on public comment that they weren't afforded the opportunity to hearing no further business coming for the council. Thank you very much. Have a great day. And we stand adjourned.
AN ORDINANCE relating to the disposition of two City Urban renewal properties in the Yesler-Atlantic Redevelopment Project Area; adopting competitive procedures for disposition of the properties; authorizing the Director of the Office of Housing to dispose of the properties designated Parcel 7B and Parcel 56 in the project area; designating the disposition of sales proceeds; superseding Ordinance 122017 and Resolutions 27260, 28866, and 29852 with respect to the sale of the properties; and ratifying and confirming certain prior acts.