FINAL BILL REPORT

HB 2988

                                  C 181 L 90

BYRepresentatives Locke, Prince, Ferguson, H. Sommers, Anderson, Wineberry and Nelson

Funding low-income housing near the state convention and trade center.

House Committe on Capital Facilities & Financing

Senate Committee on Ways & Means

SYNOPSIS AS ENACTED

BACKGROUND:

During the 1988 legislative session, $10.4 million was appropriated to the Washington State Convention and Trade Center for purchase of property adjacent to the center known as the McKay parcel.  The McKay parcel was purchased by the convention center for $8.9 million.  Ultimately, the convention center anticipates reselling the McKay parcel.  Acquisition was intended to secure the property for future convention center related development if needed.  It is unclear when and at what price the convention center will ultimately resell the McKay property.

Prior to issuing a conditional use permit for convention center construction, the Seattle City Council imposed a number of housing mitigation measures upon the center.  These requirements were ultimately satisfied when the center provided $2.2 million for various low-income housing projects.

SUMMARY:

The appropriation authority for the McKay land acquisition is adjusted to reflect the actual purchase price of $8.9 million.  In addition, a maximum of $3 million is authorized for housing mitigation measures either anticipated or previously undertaken by the convention center.  This results in an increase in total appropriation authority of $1.6 million, and makes an additional $800,000 available for low-income housing development.  Low-income housing is defined.  The convention center board is required to determine that the housing provided will be owned and operated by a non-profit organization dedicated to low-income housing.  Low-income housing must also be related to the construction and operation of the convention center.

VOTES ON FINAL PASSAGE:

      House 96   2

      Senate    37     4

EFFECTIVE:June 7, 1990