Speaker 2: The report on Sustainability in Transportation Committee Agenda and five cancel 119204 Granting City Investors 25 LLC permission to construct, install and maintain two sets of private communication conduits. The committee recommends the bill pass.
Speaker 0: Councilmember O'Brien.
Speaker 5: Thank you. This ordinance will grant a ten year term to allow two projects on the east and west side of eighth Avenue North between Harrison and Thomas Streets and South Lake Union to connect two communication conduits under the street. This will allow the tenants of those projects. Facebook is going to be leasing up both those projects to have secure communications between the two buildings as if they on a single site. The term permit is for ten years, renewable for up to two additional ten year permit terms and say the the project will pay the city fee on an annual basis. Currently it's a little over 20 $600 will be adjusted annually based on property values. If at any point the city needs access to where those conduits are, we have the right to revoke the permit. And for instance, if we needed to put some other utilities or something in the right away, this was this came before the council conceptually last fall.
Speaker 0: Thank you very much. Any further comments or questions? Now please call the roll on the passage of the Bill.
Speaker 1: Suarez by O'Brian Salon. Thanks to Gonzalez Herbold High Johnson President Harrell High aide in favor and unopposed.
Speaker 0: Bill past chair senate please read a goodnight and or six to short title.
AN ORDINANCE granting City Investors XXV LLC permission to construct, install, and maintain two sets of private communication conduits under and across 8th Avenue North, south of Harrison Street and north of Thomas Street, for a ten-year term, renewable for two successive ten-year terms; specifying the conditions under which this permit is granted; and providing for the acceptance of the permit and conditions.