AN ORDINANCE related to an affordable housing development at 701 South Jackson Street, Seattle, Washington; authorizing the county executive to execute a master lease by 701 Essential Housing to the county, subject to ratification and confirmation by motion of the council; approving certain provisions of the development and financing plan of 701 Essential Housing, including the county's pledge of taxation and credit to pay rent as required by the master lease; agreeing to take unencumbered title to the facilities when bonds issued by 701 Essential Housing are discharged; and approving certain other provisions of the lease financing transaction.

Committee

Budget and Fiscal Management Committee

Introduced

October 6, 2026

Where it was heard

Metropolitan King County Council Oct 6, 2026 Introduced and Referred

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