Speaker 2: Every part of the finance and housing in the region. The 1818 Council, the 12000692 contracting indebtedness amending Ordinance 20 6219 ratify and confirming certain prior acts. The committee recommends the bill passes amended.
Speaker 0: Thank you so much, Councilman ROSQUETA. You are the chair of this committee, and I'm going to hand it over to you to provide the committee's report. Thank you very much, Madam President.
Speaker 2: Just give me 1/2, if you will.
Speaker 0: To out my script here. Thank you for sharing with me.
Speaker 2: Council President, Council colleagues.
Speaker 0: This ordinance has two main actions. It adds $8 million, the limited tax general obligation bond to provide financing for electronic signage and reader boards at Seattle Center.
Speaker 2: And through the amendment that we.
Speaker 0: Passed in the Finance and Housing Committee, we were able to clarify in this statute that the council's intent is that the bonds issued for the 2021 repair of the West Seattle Bridge as authorized originally by ordinance 126161 may be issued as tax exempt bonds. These two items show both good faith as partners with outside organizations, as well as good governance and fiscal stewardship of tax payer dollars. The committee unanimously recommends the passage of this ordinance for full council today. Thanks so much. Were there any additional comments on Council Bill 120006 address, please?
Speaker 3: Thank you. Council President. Thank you, Chairman Skater, for ushering this through. I just wanted to speak to the sign code aspect that is contained within this bill. We are funding the Seattle Center to be able to expand and redevelop their signs throughout throughout the Seattle Center. I wanted to just call this out because there are so many different interconnected groups that are on Seattle Center campus, and these new signs allow for a cohesive way to communicate with the public. Also, it allows for messages to be sent in different languages. And furthermore, about the sign code at Seattle Center, they are they enjoy an exemption from Seattle's sign code. And so I wanted to talk just briefly about sponsorship structure and Ellen's, who put together this climate pledge arena, the monorail agreement. I mean, Director Knowles has been carrying such a large load for our civic spaces in the city. I wanted to call out his good work on the sign code exemption, which allows for sponsorships and not advertisements. And so when that committee, I asked him about what does this mean? Does it mean that we can have Alaska Airlines with their logo that says Alaska Airlines sponsors Seattle Center? He said, yes. I said, can Alaska Airlines be able to put on the reader boards just this week, only $25 flights to Los Angeles. And he said no because that is advertising, not sponsorship. So in everything that's going on around here, I just want to call out that good work because sponsorship is different than advertising and I just really appreciate everyone's good work to move this forward. Thank you.
Speaker 0: Thank you so much. Are there any additional comments on the bill hearing on will the clerk please call the roll on the passage of the bill?
Speaker 2: Whereas. I. Lewis.
Speaker 3: I.
Speaker 2: Morales. Councilmember Morales.
Speaker 1: Yes.
Speaker 2: Thank you, Mr. I. Peterson.
Speaker 1: Yes.
Speaker 2: Sir. What?
Speaker 4: Yes.
Speaker 2: Strauss.
Speaker 3: Yes.
Speaker 2: President Gonzales high eight in favor nine opposed.
Speaker 0: The bill passes and the chair will sign it. Will the clerk please affix my signature to the legislation on my behalf? Will a quick please read item 19 into the record?
AN ORDINANCE relating to contracting indebtedness; amending Ordinance 126219; and ratifying and confirming certain prior acts.