>>> THANK YOU SO MUCH. THE JULY
19th, 2023 MEETING OF THE PUBLI
ASSETS AND HOMELESSNESS
COMMITTEE WILL COME TO ORDER. I
IS 2:02 P.M. I AM ANDREW LEWIS,
CHAIR OF THE COMMITTEE.
COUNCILMEMBER MOSQUEDA IS
EXCUSED. WILL THE CLERK CALL TH
ROLL.
>> COUNCILMEMBER HERBOLD?
>> HERE.
>> COUNCIL PRESIDENT JAUREZ?
>> HERE.
>> COUNCILMEMBER MORALES? I SEE
COUNCILMEMBER MORALES IS RAISIN
HER HAND VIRTUALLY. CAN I TAKE
THAT TO MEAN THAT SHE'S PRESENT
>> YES.
>> HERE.
>> THE CHAIR WILL RECOGNIZE AND
THERE WE GO, CONFIRMED, YES.
CHAIR LEWIS PRESENT. THERE ARE
FOUR MEMBERS PRESENT.
>> THANK YOU. IF THERE'S NO
OBJECTION, THE AGENDA WILL BE
ADOPTED. HEARING NONE, THE
AGENDA IS ADOPTED. TODAY WE HAV
ONE PUBLIC HEARING THAT WILL
OCCUR DURING AGENDA ITEM 2. SO
IF YOU ARE CALLING IN TO
PUBLICLY COMMENT ON AGENDA ITEM
2, NOTE THE TIME TO COMMENT WIL
BE DURING THE NOTED PUBLIC
HEARING, WANT TO GET THAT OUT
THERE BEFORE WE ENTER PUBLIC
COMMENT. THERE IS A FAIRLY
PACKED AGENDA TODAY. SO I WOULD
ASK THAT FOR ALL THESE
PRESENTATIONS COUNCILMEMBERS
NOTE THEIR QUESTIONS AND NOTE
THE COLLIDES FOR REFERENCE,
ALLOW OUR PRESENTERS TO FINISH
THE ENTIRE PRESENTATION AND THE
LEAVE. TIME FOR QUESTIONS GIVEN
THAT ESPECIALLY IN THE CASE OF
AGENDA ITEM 2 THESE ARE
SIGNIFICANT AND IMPORTANT
PRESENTATIONS I WANT TO MAKE
SURE WE HAVE A PRODUCTIVE
SESSION ON AND ANSWER QUESTIONS
TO THE SATISFACTION OF COMMITTE
MEMBERS. WITH THAT I'M GOING TO
MOVE ON TO THE PUBLIC COMMENT
SESSION FOR OUR REGULARLY POSTE
AGENDA AND AGAIN, JUST THIS ONE
FINAL REMINDER, IF YOU ARE
CALLING IN FOR AGENDA ITEM 2,
PLEASE HOLD YOUR COMMENTS UNTIL
WE REACH THAT ITEM AND WE WILL
OPEN A SPECIAL PUBLIC HEARING O
THAT TOPIC. THE CLERK WILL
PRESIDE OVER THE PUBLIC COMMENT
PERIOD. COMMENTERS WILL HAVE ON
MINUTE TO PROVIDE PUBLIC
COMMENT.
>> WE HAVE TWO IN-PERSON PUBLIC
COMMENTERS WHO ARE HERE FOR
REGULAR PUBLIC COMMENT. THE RES
HAVE SIGNED UP TO PARTICIPATE I
THE PUBLIC HEARING AND IT LOOKS
LIKE SIX OR SEVEN ONLINE. I WIL
START WITH THE IN-PERSON PUBLIC
COMMENTERS. OUR FIRST PUBLIC
COMMENTER IS ALEX TSIERMAN.
ALEX, YOU APPROACH THE PODIUM,
YOU'LL HAVE ONE MINUTE.
>> ONE MINUTE, 60 SECONDS?
>> THAT'S CORRECT.
>> BECAUSE MY EARS ARE NO GOOD.
60 SECONDS?
>> YOU HAVE 60 SECONDS STARTING
--
>> I'M SO SORRY. 60 SECONDS IS
BETTER THAN NOTHING. IT'S OKAY,
NO PROBLEM. YEAH. POOR PEOPLE,
WHAT IS WE CAN DO? MY NAME IS
ALEX TSIERMAN AND I LIVE IN THE
CITY AND BELLVIEW FOR MORE THAN
35 YEARS. I WANT TO SPEAK ABOUT
AGENDA NUMBER 4 BECAUSE I THINK
COUNCIL, YOU'RE VERY GOOD. YOU
HAVE PEOPLE WHO HAVE, YES, THE
POOR HOMELESS PEOPLE WHO CANNOT
LIVE IN STREET, SO THEY LIVE IN
BOAT. SOMETIMES BOAT COSTS
$100,000 AND YOU HELP THEM. YOU
KNOW WHAT THIS MEANS? IT'S
BETTER TO LIVE IN STREET. SO
BECAUSE WE HAVE LIKE 12,000
PEOPLE IN STREET RIGHT NOW, WE
NEED GIVE TO EVERYBODY A BOAT
FOR A COUPLE HUNDRED GRAND SO
THEY CAN LIVE IN THIS BOAT. YOU
KNOW WHAT THIS MEANS. YOU FEEL
HAPPY. WHY ARE THEY DOING THIS?
I TALK ABOUT THIS FOR MANY
YEARS. MORE HOMELESS PEOPLE FRO
STREET TO BOAT FOR HUNDRED
GRAND. STAND UP, AMERICA.
>> OUR NEXT IN-PERSON PUBLIC
COMMENTER IS BRUCE DRAGER. YOU
WILL HAVE ONE MINUTE WHEN YOU'R
READY TO BEGIN SPEAKING.
>> GOOD TO SEE YOU, ANDREW.
YEAH, MY NAME IS BRUCE D RAGER
AND I MEET WITH GREEN LAKE
HOMELESS ADVOCATES AND I'M HERE
TO REMIND YOU IN CASE YOU DIDN'
KNOW, SWEEPS DON'T WORK. THEY'R
BAD FOR EVERYBODY. THEY
DESTROYED THE LIVES FOR THE OVE
600 PEOPLE I'VE WORKED WITH THE
LAST COUPLE YEARS. THEY HAVE
NOWHERE TO GO. I'VE FOLLOWED TH
COURSE OF EVERY ONE OF THESE
FOLKS AND I URGE YOU TO -- I CA
SEND YOU MY REPORTS WHAT I'VE
SEEN OUT THERE AND OF THOSE
FOLKS THAT WERE SWEPT, ABOUT 60
OF THEM, ABOUT 10%, GOT INTO
VIABLE TRANSITIONAL HOUSING AND
ONLY ABOUT 15 OF THOSE GOT INTO
PERMANENT HOUSING. SO THERE'S
WHERE WE ARE TWO YEARS LATER
AFTER SWEEPING ALL THESE FOLKS
WHOSE LIVES WERE DESTROYED. I
WAS WORKING WITH THE GUY THAT -
SPEAKING OF BOATS, THAT BURNED
DOWN THIS BOATYARD AND HE WAS
SWEPT HIS SEVENTH TIME AND HE
HAD NO PLACE TO GO, BUT THIS
BOATYARD AND ENDED UP IN A
DISASTER THERE.
>> THANK YOU, BRUCE. WE WILL NO
SWITCH TO VIRTUAL PUBLIC COMMEN
TO PARTICIPATE VIRTUALLY. YOU'L
NEED TO PRESS STAR 6 TO UNMUTE
YOUR MICROPHONE. OUR FIRST
VIRTUAL PUBLIC COMMENTER IS
AUSTIN MILLER. AUSTIN, YOU WILL
HAVE ONE MINUTE.
>> HELLO. THANK YOU FOR THE
OPPORTUNITY TO COMMENT TODAY. M
NAME IS AUSTIN MILLER WITH THE
WASHINGTON OCEAN. ASSOCIATION
[ REPEALING THIS REQUIREMENT
WOULD REDUCE BARRIERS AND
PROVIDE ECONOMIC RELIEF FOR
BUSINESSES ACROSS THE CITY, BUT
ESPECIALLY DOWNTOWN AS WE
CONTINUE TO WORK TOWARDS
RECOVERY AND ACTIVATION.
ADDITIONALLY REMOVING THIS
REQUIREMENT WOULD ALIGN SEATTLE
WITH MANY OF OUR NEIGHBORING
JURISDICTIONS AND FOLLOW THE
LEAD OF OTHER CITIES AND
ELIMINATED THESE FEES IN ORDER
TO EASE REGULATORY BURDENS FOR
BUSINESSES STILL RECOVERING FRO
THE PANDEMIC. THANK YOU,
COUNCILMEMBER LEWIS, FOR PUTTIN
THIS PROPOSAL FORWARD AND WE
LOOK FORWARD TO WORKING WITH YO
ALL. THANK YOU.
>> THANK YOU, AUSTIN. OUR NEXT
VIRTUAL PUBLIC COMMENTER IS
DARREN DEROCHE. PLEASE PRESS
STAR 6 AND THEN YOU'LL HAVE ONE
MINUTE.
DARREN IS NO LONGER PRESENT. OU
NEXT VIRTUAL PUBLIC COMMENTER I
ANDREW McDONALD. ANDREW, YOU'RE
AVAILABLE, PLEASE PRESS STAR 6
AND YOU'LL HAVE ONE MINUTE FOR
PUBLIC COMMENT. ANDREW McDONALD
THIS IS YOUR TURN FOR PUBLIC
COMMENT IF YOU'D STILL LIKE TO
COMMENT. PLEASE PRESS STAR 6.
>> EXCUSE ME. I THOUGHT I WAS
UNMUTED. I BELIEVE I'M UNMUTED
NOW IS. THAT CORRECT?
>> YES. WE CAN HEAR YOU.
>> THANK YOU. THANK YOU,
COMMITTEE CHAIR LEWIS AND OTHER
FOR PROVIDING THIS OPPORTUNITY
TO SPEAK. I'M ANDY McDONALD. I'
TREASURER OF SAIL SAND POINT AN
ON THE BOARD, FORMER BOARD
PRESIDENT, INVOLVED ALMOST A
DECADE. I'VE BEEN A NEIGHBOR FO
SEVERAL DECADES. I'VE RAISED MY
FAMILY IN THIS AREA AND LIVE
BLOCKS FROM THE PARK AND SAIL
SAND POINT AND I'M HERE TO URGE
YOU TO VOTE IN FAVOR OF THIS NE
CONCESSION AGREEMENT. IT'S A
CRITICAL AGREEMENT FOR I BELIEV
BOTH THE PARKS AND SAIL SAND
POINT. IT HAS BEEN A PLEASURE
OVER THE DECADES HERE OF
WATCHING MAGNUSON PARK EVOLVE T
THE TREMENDOUS COMMUNITY ASSET
THAT IT IS TODAY. EVERYONE
SHOULD BE PROUD OF IT. IT'S HAR
TO IMAGINE A BETTER PUBLIC USE
FOR THE SMALL CORNER THAN THE
PARK USED BY SAIL SAND POINT.
OVER THE 25 YEARS SAIL SAND
POINT HAS BEEN THERE, THEY'VE
EVOLVED INTO A WONDERFUL
COMMUNITY ASSET SERVING
THOUSANDS OF PEOPLE. WHEN IT WA
STARTED, IT COULD HAVE BEEN A
SAILING CLUB.
>> ANDREW, I'M SORRY TO
INTERRUPT YOU, BUT YOUR TIME HA
EXPIRED. YOU CAN SEND IN THE
REST OF YOUR PUBLIC COMMENTS AN
THE CITY COUNCIL MEMBERS WILL
RECEIVE THEM IF YOU'D LIKE TO
SEND WRITTEN PUBLIC COMMENT.
THANK YOU. OUR NEXT PUBLIC
COMMENTER IS SARAH TOWMAN.
PLEASE PRESS STAR 6 AND YOU'LL
HAVE ONE MINUTE FOR PUBLIC
COMMENT.
SARAH, WE CAN'T HEAR YOU. IF
YOU PRESS STAR 6, WE'LL BE ABLE
TO LISTEN TO YOUR PUBLIC COMMEN
HERE IN COUNCIL CHAMBERS.
>> HELLO. I APOLOGIZE FOR THAT.
THANK YOU FOR THE OPPORTUNITY T
SPEAK. I AM ALSO A SAIL SAND
POINT BOARD MEMBER AND THE CHAI
OF THEIR FUNDRAISING COMMITTEE
AND I'M HERE TODAY TO STRONGLY
ENCOURAGE YOU TO VOTE IN FAVOR
OF NEWT CONCESSION AGREEMENT
BETWEEN SEATTLE PARKS AND REC
AND SAIL SAND POINT. THIS
AGREEMENT IS PARTICULARLY
IMPORTANT FOR FUNDRAISING FOR
SAIL SAND POINT TO DO
IMPROVEMENTS ON THE FACILITIES
THERE BECAUSE THIS GIVES US THE
CITY'S FORMAL COMMITMENT TO OUR
LONG TERM ACCESS WHICH WILL
ALLOW US TO ACCESS OVER $700,00
IN STATE AND COMMUNITY FUNDS WE
ALREADY HAVE EARMARKED FOR THE
BUILDING AND THE ABILITY TO
EXPAND OUR COMMUNITY TO PEOPLE
WHO PREVIOUSLY HAVE NOT HAD
ACCESS TO WATER SPORTS,
INCLUDING ENGAGING MAGNUSON PAR
RESIDENTS, LAKE CITY AND
SHORELINE RESIDENTS, STUDENTS
FROM SEATTLE PUBLIC SCHOOLS AND
SOUTH SEATTLE RESIDENTS.
>> THANK YOU. OUR NEXT PUBLIC
COMMENTER IS GREG STEVENS. GREG
WHENEVER YOU'RE READY, PRESS
STAR 6 AND WE'LL BEGIN.
>> CAN YOU HEAR ME?
>> YES, WE CAN.
>> GREAT. MY NAME'S GREG
STEVENS. I'M ONE OF THE OWNERS
OF GAME WORKS WHICH IS LOCATED
IN DOWNTOWN AND I'M HERE TO ASK
FOR YOUR SUPPORT OF 120619. FOR
THOSE OF YOU WHO ARE NOT AWARE,
GAME WORKS SHUT DOWN THE END OF
2021, FELL INTO RECEIVERSHIP AT
THAT TIME. FOR ALL INTENTS AND
PURPOSES, IT WAS GAME OVER FOR
GAME WORKS. TOGETHER WITH MY
PARTNERS, WE STEPPED IN IN 2022
WE BOUGHT THE ASSETS, MADE A
SIZABLE INVESTMENT TO REOPEN. W
FELT THIS WAS AN IMPORTANT
LEGACY OPERATION IN DOWNTOWN
SEATTLE AND WE WANTED TO MAKE
SURE TO CONTINUE TO OPERATE.
THIS AMUSEMENT DEVICE LICENSE,
THOUGH, IS UNFORTUNATELY
BURDENSOME TO A BUSINESS LIKE
OURS. WHILE THE FEE REALLY IS
NONCONSEQUENTIAL TO MOST SMALL
BARS AND RESTAURANTS, FOR US TO
AMOUNTS TO OVER $40,000 A YEAR.
TO OUR KNOWLEDGE, YOUR CITY ONL
COLLECTS ABOUT 90,000 IN TOTAL.
SO WE'RE LIKE 50% OF THIS FEE.
ANYWAY, WE'RE DOING EVERYTHING
WE CAN TO MAKE THIS BUSINESS
WORK. THERE'S A LOT OF TRAFFIC
ISSUES, VACANCY ISSUES, OTHER
PROBLEMS DOWNTOWN. WE WOULD
STRONGLY URGE YOUR SUPPORT FOR
THIS LEGISLATION TO REMOVE THIS
BURDEN TO OUR BUSINESS. THANK
YOU.
>> THANK YOU, GREG. OUR FINAL
COMMENTER AS PART OF REGULAR
PUBLIC COMMENT IS CONNOR INSLEE
PLEASE PRESS STAR 6 AND YOU'LL
HAVE ONE MINUTE.
>> GOOD AFTERNOON. THANK YOU,
COMMITTEE CHAIR LEWIS AND
COUNCIL PRESIDENT JAUREZ. I'M
HERE TODAY TO SPEAK IN SUPPORT
OF THE CONCESSION AGREEMENT
BETWEEN SEATTLE PARKS AND SALE
SAND POINT. MY NAME IS CONNOR.
I'M THE ASSOCIATE DIRECTOR OF
OUTDOORS FOR ALL FOUNDATION. WE
PROVIDE ADAPTIVE RECREATION FOR
INDIVIDUALS WITH DISABILITIES.
WE'VE BEEN TENANTS ABOUT 18
YEARS. I'VE BEEN COMING TO THE
PARK SINCE 1997 WHEN I FIRST
SAILED AT SAIL SAND POINT AND I
SEEMED TO HAVE A PROFOUND IMPAC
ON THE COMMUNITY BRINGING
RECREATION TO THE COMMUNITY,
PROVIDING EQUITY IN THE SAILING
INDUSTRY WHICH IS VERY UNIQUE
THAT SAIL SAND POINT HAS THE
ABILITY TO DO THAT. WE HAVE BEE
PARTNERING AS OUTDOORS FOR ALL
TO PROVIDE ADAPTIVE SAILING
PROGRAMS WITH SAIL SAND POINT.
WE HAD OUR CAMPERS OUT THERE
YESTERDAY, HAD A SUCCESSFUL
TIME. THEY ARE A KEY COMMUNITY
MEMBER. THEY ARE MAKING MAGNUSO
PARK STRONGER AND I STRONG I
URGE YOU TO SUPPORT THIS
CONCESSION AGREEMENT. THANK YOU
>> THANK YOU TO OUR PUBLIC
COMMENTERS. THAT CONCLUDES OUR
LIST OF PEOPLE WHO HAVE SIGNED
UP FOR IN-PERSON PUBLIC COMMENT
THE REMAINDER OF PUBLIC
COMMENTERS ARE HERE TO ADDRESS
THE PUBLIC HEARING ON AGENDA
ITEM 2.
>> MR. CLERK, WE MAY HAVE ONE
LAST PUBLIC COMMENTER. I BELIEV
MONTY ANDERSON WOULD LIKE TO
ADDRESS THE COMMITTEE. I WOULD
ASK, MR. ANDERSON, IS THIS ON
AGENDA ITEM 2, THE WATERFRONT?
YEAH. SO THAT WOULD BE BETTER
FOR THE SPECIAL HEARING. WE'LL
GET TO THAT IN A FEW MINUTES.
THANK YOU SO MUCH.
OKAY, MR. CLERK, WILL YOU PLEAS
READ ITEM NUMBER 1 INTO THE
RECORD.
>> AGENDA ITEM 1, APPOINTMENT
02626 APPOINTMENT OF CALANDRA
CHILDERS AS MEMBER OF CLIMATE
PLEDGE ARENA GIVING COUNCIL FOR
A TOMORROW TO JUNE 30, 2026.
TERM TO JUNE 30, 2026.
>> WE ARE JOINED BY MORGAN
LITTLEFIELD ALONG WITH THE
APPOINTEE, CALANDRA CHILDERS.
MORGAN, WOULD YOU LIKE TO SPEAK
FIRST AND INTRODUCE THE NOMINEE
AND THEN WE CAN OPEN IT UP TO
COMMITTEE QUESTIONS?
>> YES, THANK YOU VERY MUCH.
FORMER LONG TIME DEPUTY DIRECTO
OF THE CITY'S OFFICE OF ARTS AN
CULTURE, CALANDRA IS A WELL
KNOWN AND WELL RESPECTED VOICE
ADVOCATING FOR ARTS ACCESS TO
ALL. SHE IS HIGHLY KNOWLEDGEABL
ABOUT THE KNOWLEDGE ARTS
LANDSCAPE, EXPERIENCED IN
EQUITABLE GRANT MAKING AND VP A
ARTS FUND. WE LOOK FORWARD TO
HAVING HER AS A MEMBER OF THE
GIVING COUNCIL FOR CLIMATE
PLEDGE ARENA'S GIVING FUND.
THANK YOU.
>> THANK YOU SO MUCH. CALANDRA,
I'LL TURN IT OVER TO YOU. THANK
TO COMING TODAY FOR OUR
CONSIDERATION. THE FLOOR IS
YOURS.
>> THANKS SO MUCH, COUNCIL
MEMBER LEWIS. I APPRECIATE BEIN
HERE AND APPRECIATE THE
RECOMMENDATION, REALLY EXCITED
ABOUT THIS OPPORTUNITY TO SERVE
ON THIS ADVISORY BOLD. I WAS
PART OF THE CITY FAMILY WHEN
THIS WAS NEGOTIATED AND SO BEIN
ABLE TO BE PART OF THE BODY THA
HELPS DISTRIBUTE THESE FUNDS
BACK INTO THE COMMUNITY IS
REALLY MEANINGFUL. THE ARTS AND
CULTURAL SECTOR JUST ADDS SO
MUCH TO OUR CULTURE OF THE CITY
AND WE REALLY HOPE THESE FUNDS
CAN HELP BOOST THESE
ORGANIZATIONS AT THIS TIME. ANY
QUESTIONS FOR ME?
>> COUNCILMEMBER MORALES?
>> I DON'T HAVE ANY QUESTIONS.
JUST WANT TO SAY I COULDN'T
THINK OF A BETTER PERSON FOR
THIS ROLE AND REALLY APPRECIATE
THE WORK CALANDRA HAS DONE IN
THE PAST FOR THE CITY AND ARTS
COMMUNITY AND THE WORK I KNOW
SHE'LL CONTINUE TO DO. SO
LOOKING FORWARD TO SUPPORTING
THIS. THANK YOU.
>> THANK YOU, COUNCIL MEMBER.
>> THANK YOU SO MUCH. I DON'T
SEE ANY ADDITIONAL QUESTION
MEMBERS FROM COLLEAGUES. IT'S
REALLY GREAT TO HAVE A
NOMINATION FROM THIS BODY THAT
IS SO IMMINENTLY QUALIFIED TO
REPRESENT US IN THIS NEW
PARTNERSHIP. I BELIEVE IT WAS
ABOUT A MONTH AGO WE APPOINTED
OUR FIRST MEMBER. SO IT'S GOOD
TO BE IN A PLACE TO HAVE OUR
DELEGATION FULLY STAFFED AND
REALLY LOOK FORWARD TO WHAT
COMES OUT OF THIS PARTNERSHIP
WITH CLIMATE PLEDGE. SEEING AS
HOW THERE'S NO ADDITIONAL
QUESTIONS AND WE HAVE EVERY
CONFIDENCE IN THE NOMINEE'S
ABILITY TO SERVE, I WILL MOVE
THE NOMINATION OF CALANDAR
CALANDRA CHILDERS. IS THERE A
SECOND?
>> SECOND.
>> MOVED AND SECONDED. WILL THE
CLERK PLEASE CALL THE ROLE ON
THE RECOMMENDATION FOR THE
NOMINATION.
>> COUNCILMEMBER HERBOLD?
>> YES.
>> COUNCIL PRESIDENT JAUREZ?
>> COUNCIL PRESIDENT JAUREZ, I
DIDN'T HEAR A RESPONSE.
>> I'M SORRY. I WAS ON MUTE.
AYE.
>> THANK YOU. COUNCILMEMBER
MORALES?
>> YES.
>> CHAIR LEWIS?
>> YES.
>> CHAIR, THERE ARE FOUR IN
FAVOR, NONE OPPOSED.
>> THANK YOU. THE RECOMMENDATIO
CARRIES AND WILL GO TO THE NEXT
FULL COUNCIL MEETING. THANK YOU
SO MUCH AND REALLY OPPORTUNITY
TO ADVANCE THE NOMINATION.
CALANDRA, YOU DO NOT NEED TO BE
AT THAT FULL COUNCIL MEETING.
YOU ARE MORE THAN WELCOME TO
ATTEND IF YOU WANT TO AND WE
REALLY LOOK FORWARD TO
CONTINUING THIS PARTNERSHIP AND
SHARED SERVICE WITH YOU. THANK
YOU.
>> THANK YOU. REALLY APPRECIATE
IT.
>> OKAY. WE WILL MOVE TO THE
NEXT AGENDA ITEM. WILL THE CLER
PLEASE READ AGENDA ITEM 2 INTO
THE RECORD.
>> AGENDA ITEM 2, 2nd AMENDMENT
TO THE O & M AGREEMENT BY AND
BETWEEN THE CITY OF SEATTLE AND
SEATTLE AQUARIUM SOCIETY
REGARDING THE OCEAN PAVILION.
>> THANK YOU, MR. CLERK. AS WE
INDICATED BEFORE, THIS IS A
PUBLIC HEARING. WE WILL NOW HAV
ANOTHER PUBLIC COMMENT SEX
ASSOCIATED ONCE
I READ INTO THE RECORD, I AM NO
OPENING THIS PUBLIC HEARING ON
THE OPERATION AND MANAGEMENT
AGREEMENT RELATING TO AQUARIUM
FINANCING. ARE THERE ANY
SPEAKERS? THE CLERK WILL GO
THROUGH OUR PREVIOUSLY COLLECTE
LIST OF SPEAKERS, BUT IF THERE
ARE ANY ADDITIONAL SPEAKERS,
PLEASE BE PREPARED TO SIGNIFY
ONCE WE HAVE GONE THROUGH THE
PREVIOUSLY COLLECTED LIST. WE
WILL SET THE TIME AT ONE MINUTE
AND THE CLERK WILL PROVIDE OVE
THE PUBLIC HEARING COMMENT
SESSION. I'LL HAND IT OVER TO
THE CLERK.
>> WE WILL BEGIN WITH THE
IN-PERSON PUBLIC COMMENTERS. OU
FIRST PERSON TO COMMENT IS KARE
POWERS. KAREN, PLEASE APPROACH
THE PODIUM. YOU'LL HAVE ONE
MINUTE TO SPEAK. ON DECK WILL B
BOB DONIGAN.
>> COUNCIL MEMBERS, FOR THE
RECORD, MY NAME IS KAREN POWERS
>> JUST ONE MOMENT. I APOLOGIZE
WE'LL RESTART YOUR TIME. CAN
COMMITTEE MEMBERS HEAR THE
SPEAKER?
>> NOT VERY GOOD, MR. CHAIR.
>> I'LL SPEAK MORE CLOSELY INTO
THE MICROPHONE.
>> THAT IS WAY BETTER. THANK YO
SO MUCH. WILL THE CLERK PLEASE
RESTART THE SPEAKER'S TIME.
>> YES.
>> FOR THE RECORD, MY NAME IS
KAREN POWERS. AS A CURRENT
VOLUNTEER AT THE SEATTLE
AQUARIUM, I STRONGLY ENCOURAGE
YOU TO SUPPORT THE NEW OCEAN
PAVILION. I HAVE VOLUNTEERED FO
11 YEARS. AT THE AQUARIUM I
ENGAGE WITH PEOPLE WHO DON'T
KNOW WHAT IS IN OUR OCEAN, DON'
KNOW WHAT IS IN JEOPARDY AND
DON'T KNOW WHY. WE CAN'T CARE
FOR THINGS WE AREN'T EVEN AWARE
OF. IN OUR SMALL PACIFIC CORAL
REEF SECTION, I TALK ABOUT THE
EFFECTS OF WARMING, OCEANS ON
CORALS AND THEIR IMPORTANCE TO
GLOBAL HEALTH AND OCEAN HEALTH,
BUT THIS SMALL EXHIBIT BARELY
TOUCHES ON THE NUMEROUS LIFE
SYSTEMS IN TROPICAL WATERS. ONE
OF THE MANY THINGS MISSING IS
SHARKS. THE OCEAN PAVILION WILL
HAVE SHARKS AND WILL BE ABLE TO
TALK ABOUT HOW IMPORTANT THEY
ARE IN CREATING AND MAINTAINING
A DIVERSE AND HEALTHY ECOSYSTEM
PLEASE SUPPORT THE EXPANSION
TODAY AND THEN COME AND SEE THE
SHARKS. THANK YOU.
>> OUR NEXT PUBLIC COMMENTER IS
BOB DONIGAN, WHO WILL BE
FOLLOWED BY LANA TOWERS.
>> I'VE BEEN A VOLUNTEER AT THE
AQUARIUM ALMOST 20 YEARS. IN
ADDITION ON IT, THAT I'M ACTIVE
IN THE SEATTLE WATERFRONT
ASSOCIATION. YOU'LL REMEMBER
FROM THE MANY MEETINGS WE'VE HA
IN THIS ROOM THAT IN 2019 6.3
MILLION PEOPLE VISITED THE
WATERFRONT. CANDACE DAMON, THE
MUNICIPAL FINANCE EXPERT FROM
BROOKLYN WHO HELPED US PLAN THE
FINANCING FOR THE PARK, TELLS U
THE NUMBER OF VISITORS TO THE
WATERFRONT WILL GROW TO 14 TO 1
MILLION WHEN THE PARK OPENS. IN
2019 ALMOST 40 DAYS THE AQUARIU
WAS AT CAPACITY AND COULD NOT
HANDLE THOSE VISITORS. WE CAN'T
FULFILL OUR MISSION OF INSPIRIN
CONSERVATION OF OUR MARINE
ENVIRONMENT UNLESS WE HAVE
ADDITIONAL SPACE. PLEASE SUPPOR
THE PROPOSAL SO THAT WE CAN
COMPLETE THE PROJECT ON TIME AN
ON BUDGET AND WE LOOK FORWARD T
WELCOMING YOU TO THE RIBBON
CUTTING. THANKS.
>> OUR NEXT PUBLIC COMMENTER IS
LANA TOWERS, WHO WILL BE
FOLLOWED BY VIA STORMS.
>> GOOD AFTERNOON, COUNCIL
MEMBERS. MY NAME IS LANA TOWERS
I'M A YOUTH OCEAN ADVOCATE AT
THE AQUARIUM. I TEACH GUESTS
ABOUT OUR ECOSYSTEM AS IT IS
REPRESENTED IN THE AQUARIUM.
OCEAN PAVILION GIVES US AN
OPPORTUNITY TO FURTHER REPRESEN
ANOTHER IMPORTANT ECOSYSTEM IN
OUR ONE WORLD OCEAN, THE CORAL
TRIANGLE. THIS REPRESENTATION
IMPROVES THE WE CAN CARE FOR OU
OCEANS AND IN TURN OUR WORLD.
OCEAN PAVILION BRINGS MORE
RESOURCES TO CARE AND RESCUE
ANIMALS IN NEED AND INCREASES
OUR ABILITY TO INSPIRE. I'VE
INTERACTED WITH MANY VISITORS,
PARTICULARLY YOUNG VISITORS WHO
HAVE NEVER SEEN AN OCEAN BEFORE.
SUPPORTING THE AQUARIUM MEANS
SUPPORTING OUR FUTURE
BIOLOGISTS. IN SEATTLE MARINE
LIFE IS AN INTEGRAL PART OF THE
FABRIC OF OUR COMMUNITY. I URGE
YOU TO SUPPORT OCEAN PAVILION.
THANK YOU.
>> OUR NEXT PUBLIC COMMENTER IS
VIA STORMS, WHO WILL BE FOLLWED
BY SAMANTHA LYNN MARTINEZ.
>> HELLO, COUNCIL MEMBERS. MY
NAME IS VIA STORMS AND I'M A
YOUTH OCEAN ADVOCATE AT THE
SEATTLE AQUARIUM. I BELIEVE THE
EXPANSION IS IMPORTANT AND WILL
HAVE A HUGE IMPACT ON OUR
COMMUNITY. MY TIME AS A HIGH
SCHOOL VOLUNTEER HAS TAUGHT ME
HOW TO BE AN ADVOCATE FOR OUR
OCEANS, SPECIFICALLY FOR OUR OW
SAILOR SEA. MY JOB IS TO INSPIR
EMPATHY FOR THE OCEANS AND FOR
ALL OF WHITE HOUSE DEPEND ON
THEM. WITHOUT THIS YOUNGER
GENERATIONS MAY SEE AN OCEAN
WITH MORE PLASTIC THAN FISH IN
IT. WE MUST TAKE ACTION TO
INSURE THIS DOES NOT BECOME
REALITY. THE A
AQUARIUM TEACHES PEOPLE. I GREW
UP IN TEXAS, SO I'D NEVER SEEN
BEACH OR THE OCEAN UNTIL I
VISITED THE DALLAS AQUARIUM. I
WAS ENCAPSULATED BY THE WIDE
VARIETY OF LIFE SWIMMING BELOW
THE SURFACE I HAD NEVER KNOWN I
WAS THERE. TODAY MY DREAM JOB I
TO BE A MARINE BIOLOGIST AND I
LOVE TEACHING PEOPLE WHY THEY
SHOULD CARE ABOUT OUR OCEANS.
WEAPON NEED YOUR SUPPORT TO
INSURE THE AQUARIUM CAN CONTINU
ITS VITAL CONSERVATION WORK AND
INSPIRE A WHOLE NEW GENERATION
OF MARINE BIOLOGISTS. THANK YOU
>> OUR NEXT PUBLIC COMMENTER IS
SAMANTHA LYNN MARTINEZ, WHO WIL
BE FOLLOWED BY LEAH THORP.
>> HI THERE, COUNCIL MEMBERS. M
NAME IS SAMANTHA. I'M A FORMER
YOUTH OCEAN ADOCATE. FAST
FORWARD A COUPLE YEARS PAST
THESE LOVELY VOLUNTEERS AND NOW
I'M WORKING AS A MARINE
BIOLOGIST AND I HAVE TO SAY THE
AQUARIUM AND THEIR IMPROVED O &
M AGREEMENT IS SOMETHING YOU AL
REALLY HAVE TO SUPPORT. I'VE
COME BACK AFTER A COUPLE YEARS
BECAUSE THIS AMAZING TEAM OF
PEOPLE HAVE SO MUCH TO OFFER A
BRAND-NEW GENERATION OF
VISITORS, GUESTS AND TOURISTS.
FOR ME PERSONALLY, THE CORAL
TRIANGLE BRINGS BACK A STORY OF
HOME. I GREW UP IN THE
PHILIPPINES AND MOVED HERE WHEN
I WAS 3 OR 4. THIS IS TRULY
GOING TO BE A LINK BETWEEN MY
HOME AWAY FROM HERE. THIS WILL
BE A CULTURAL HUB FOR SEATTLE
AND PEOPLE WHO VISIT AND MAKE
ACCESSIBILITY TO ALL OF THIS
OCEAN SCIENCE A LOT EASIER FOR
SO MANY PEOPLE HERE AND AROUND
THE GLOBE. THANK YOU SO MUCH.
HOPE YOU HAVE A GREAT DAY.
>> THANK YOU. OUR NEXT PUBLIC
COMMENTER IS LEAH THORP FOLLOWE
BY JESSE ASAN.
>> MY NAME IS LEAH THORP. I'M A
DOWNTOWN SEATTLE RESIDENT AND
HAVE VOLUNTEERED FOR THREE YEAR
WHERE I WITNESSED THE INVALUABL
WORK IT CARRIES OUT AS THE
LARGEST PLATFORM FOR OCEAN
CONSERVATION IN THE PACIFIC
NORTHWEST. IT'S OF THE UTMOST
IMPORTANCE WE ADDRESS THE
MOUNTING CHALLENGES OUR OCEANS
FACE AND RAISE AWARENESS AMONG
INDIVIDUALS OF ALL AGES
REGARDING THE SIGNIFICANCE OF
OCEAN LIFE. THAT IS WHY I AM
PERSONALLY EXCITED ABOUT THE
EDUCATIONAL OPPORTUNITIES THE
OCEAN PAVILION WILL OFFER
FOSTERING UNDERSTANDING OF OUR
ONE WORLD OCEAN AND ITS GLOBAL
IMPACT. MOREOVER, ITS FREE
ADMISSION PROGRAMS AND
COMMUNITY-FOCUSED INITIATIVES
ARE ESSENTIAL TO ITS MISSION. A
A RESIDENT OF DOWNTOWN SEATTLE,
I CAN ATTEST TO THE AQUARIUM'S
ROLE AS A CORNERSTONE IN OUR
WATERFRONT. I BELIEVE THE
EXPANDED PAVILION WILL NOT ONLY
BENEFIT BUSINESSES IN MY
COMMUNITY, BUT BOLSTER
WATERFRONT TOURISM. THE PROPOSE
EXPANSION HOLDS POTENTIAL TO NO
ONLY STRENGTHEN COMMUNITY
COHESION, BUT CONTRIBUTE TO
DOWNTOWN'S ECONOMIC RECOVERY. I
URGE YOU TO SUPPORT THE
AQUARIUM'S REQUEST. THANK YOU
FOR YOUR CONSIDERATION.
>> OUR NEXT PUBLIC COMMENTER IS
JESSE WASSAN FOLLOWED BY MONTY
ANDERSON.
>> HELLO, SEATTLE CITY COUNCIL
MY NAME IS JESSE WASSAN AND I A
PROGRAMS AND OPERATION MANAGER
FOR INSPIRE WASHINGON, OUR
STATE'S CULTURAL ADVOCACY
ORGANIZATION. WE CHAMPION PUBLI
FUNDING AND POLICY THAT SUPPORT
NONPROFIT, SCIENCE, HERITAGE AN
ARTS ORGANIZATION AS WELL AS TH
BROAD CREATIVE ECONOMY IN EVERY
ONE OF WASHINGTON' 281 CITIES
AND TOWNS, BUT TODAY I'M HERE T
TALK ABOUT ONE SPECIFIC
ORGANIZATION IN OUR GREAT CITY
OF SEATTLE, THE SEATTLE AQUARIU
AND INCREDIBLE OCEAN PAVILION.
FEW MONTHS AGO I WAS FORTUNATE
TO GET AN IN-PERSON TOUR OF THE
FUTURE HOME OF THIS PROJECT FRO
AQUARIUM AND CONSTRUCTION STAFF
I WAS BLOWN AWAY BY THE CARE AN
INTENTION PUT INTO THIS PROJECT
FROM ANIMAL WELFARE TO PUBLIC
ENGAGEMENT TO ENVIRONMENTAL
IMPACT AND MORE. THEN MY
THOUGHTS INITIALLY WENT TO MY
NIECES AND NEPHEWS, WHO WILL
LEARN, PLAY, AND BE INSPIRED BY
THIS INCREDIBLE PLACE, PROVIDIN
OPPORTUNITIES LIKE THE OCEAN
PAVILION IS HOW WE EXCITE THE
NEXT GENERATION OF SCIENTISTS,
EXPLORERS, VOLUNTEERS AND
ACTIVISTS WHO WILL PROTECT OUR
OCEANS FOR YEARS TO COME. THE
OCEAN PAVILION IS A CELEBRATION
OF THE FUTURE. IT WILL TRANSFOR
AND REVITALIZE COMMUNITY LIFE A
THE PIER AND FURTHER CONNECTION
WE HAVE TO THE SAILOR SEA. I
STRONGLY ENCOURAGE YOU TO
SUPPORT THE LEGISLATION YOU ARE
ENCOURAGING THAT WILL ALLOW THE
AQUARIUM TO COMPLETE THE OCEAN
PAVILION PROJECT AND DELIVER A
WORLD CLASS AQUARIUM FOR OUR
COMMUNITY. THANK YOU.
>> MONTY ANDERSON WILL BE OUR
FINAL IN-PERSON PARTICIPANT IN
THIS PUBLIC HEARING. THEN WE
WILL MOVE TO VIRTUAL
PARTICIPANTS. MONEY IT I, YOU'L
HAVE 1 MINUTE WHEN READY.
>> THANK YOU VERY MUCH. GOOD
AFTERNOON, COUNCIL MEMBERS. MY
NAME IS MONTY ANDERSON WITH THE
SEATTLE BUILDING TRADES
REPRESENTING OVER 20,000
CONSTRUCTION WORKERS IN KING
COUNTY. I WANT TO EXPRESS OUR
STRONG SUPPORT FOR THE
AQUARIUM'S OCEAN PACIFIC PROJEC
AND PROPOSED LEGISLATION BEFORE
YOU. AS EVERYBODY KNOWS, THIS I
A CRUCIAL PART OF THE
WATERFRONT. IT HAS PROVIDED OVE
1,500 PEOPLE WITH LOCAL UNION
JOBS, APPRENTICESHIP, COMMUNITY
HIRE. THIS JOB HAS BEEN A
PERFECT EXAMPLE HOW TO BUILD
SINCE THE BEGINNING INVOLVING
THE COMMUNITY. I'D LIKE TO SEE
THAT MOMENTUM KEEP GOING HERE
WITH THE ADOPTION OF THIS
LEGISLATION AND GET THIS PROJEC
DONE SO WE CAN HAVE A FULLY
FUNCTIONING WATERFRONT. THANK
YOU VERY MUCH.
>> WE WILL NOW MOVE TO OUR
VIRTUAL PUBLIC COMMENTERS. OUR
FIRST SPEAKER WHO IS HERE
VIRTUALLY IS JOY SHIGAKE. JOY,
PLEASE PRESS STAR 6 AND YOU'LL
HAVE 1 MINUTE TO SPEAK.
>> THANK YOU. GOOD AFTERNOON,
COUNCIL CHAIR LEWIS AND COUNCIL
MEMBERS. I'M JOY SHIGAKE,
PRESIDENT AND CEO OF FRIENDS OF
WATERFRONT SEATTLE. ON BEHALF O
FRIENDS, I WOULD LIKE TO EXPRES
OUR STRONG SUPPORT FOR THE
SEATTLE AQUARIUM OCEAN PAVILION
PROJECT AND ITS IMPORTANCE TO
THE WATERFRONT REDEVELOPMENT AN
FUTURE WATERFRONT PARK. IT'S OU
JOB TO HELP FUND, STEWARD AND
PROGRAM WATERFRONT PARK NOW AND
IN PERPETUITY. WE WERE DEEPLY
INVESTED IN THE SUCCESS AND
REDEVELOPMENT OF THE WATERFRONT
AND WATERFRONT PARK ACTIVATE A
RENEWED SENSES OF CONNECTION TO
SEATTLE CENTRAL SHORELINE. OCEA
PAVILION WILL DO JUST THAT, HEL
TOURISM, ATTRACT RESIDENTS TO
THE PARK AND BEYOND. WE HAVE A
BOLD VISION FOR THE PARK AND TH
OCEAN PAVILION IS CRUCIAL TO
MAKING IT A REALITY. I URGE YOU
SUPPORT OF LEGISLATION IN
SUPPORT OF THE SEATTLE AQUARIUM
THAT WILL ALLOW THIS PROJECT TO
BE DELIVERED ON TIME FOR A
LARGER COMMUNITY. THANK YOU.
>> OUR NEXT PUBLIC COMMENTER IS
CYNTHIA GOSSETT. PLEASE PRESS
STAR 6 AND YOU'LL HAVE 1 MINUTE
TO PROVIDE COMMENT.
>> HELLO, THANK YOU. MY NAME IS
CYNTHIA GOSSETT. I'M A 40-YEAR
RESIDENT OF SEATTLE AND A
HOMEOWNER. I'VE BEEN A VOLUNTEE
AT THE SEATTLE AQUARIUM FOR 12
YEARS WITH OVER 6,000 HOURS OF
SERVICE. I'M ALSO CONTRIBUTOR T
THE ANNUAL FUND AND TO THE
CONSTRUCTION THE SEATTLE
AQUARIUM OCEAN PAVILION
EXPANSION. AS A CURRENT
VOLUNTEER AND SUPPORTER OF
SEATTLE'S AQUARIUM, I STRONGLY
ENCOURAGE YOU TO APPROVE THE
LEGISLATION YOU'RE CONSIDERING
TO SUPPORT THE COMPLETION OF TH
AQUARIUM'S NEW OCEAN PAVILION
AND EXPANSION OF OUR OCEAN
CONSERVATION EFFORTS. OVER THE
PAST 12 YEARS AS A VOLUNTEER AT
THE AQUARIUM, I'VE SEEN SO MANY
VISITORS PASS THROUGH THE
AQUARIUM. I'VE SEEN FACES OF
CHILDREN AND ADULTS LIGHT UP AS
THEY EXPERIENCE THE AWE AND
WONDER OF THE SEA. IT'S A GEM
IN CONSERVATION IN THE PACIFIC
NORTHWEST. OCEAN CONNECTS ALL O
US ON THIS PLANET NO MATTER
WHERE WE LIVE. THE NEW OCEAN
PAVILION WILL BE A PLACE WHERE
WE CAN SHARE THE STORY ABOUT
GLOBAL OCEAN HEALTH WITH
MILLIONS OF VISITORS TO CONNECT
MILLIONS OF PEOPLE TO THE OCEAN
I'M PERSONALLY COMMITTED TO THE
MISSION OF THE SEATTLE AQUARIUM
AND WILL CONTINUE TO SUPPORT TH
AQUARIUM WITH MY TIME AND
DOLLARS. I ASK YOU TO SUPPORT
THE AQUARIUM WITH YOUR ACTION
AND VOTE. PLEASE APPROVE THE
PROPOSED AMENDMENT TO OUR
IMPORTANT MARINE CONSERVATION
WORK CAN CONTINUE AND VISITORS
CAN UNDERSTAND THE RELATIONSHIP
BETWEEN EACH OF US AND THE
OCEAN. THANK YOU.
>> OUR FINAL PUBLIC COMMENTER I
MARTHA CONSGUARD. PLEASE PRESS
STAR 6 AND WE'LL START YOUR
TIMER WHEN READY.
>> THANK YOU, CHAIR LEWIS,
MEMBERS OF THE COMMITTEE FOR TH
CHANCE TO COMMENT. I'M A WEST
SEATTLE RESIDENT AND PASSIONATE
ADVOCATE FOR THE SALISH SEA AND
URGE THE PASSING OF THE OCEAN
PAVILION PROJECT. I BELIEVE
TOGETHER THEY REPRESENT A ONCE
IN SEVERAL GENERATION
OPPORTUNITY TO REINVENT OUR
WATERFRONT AND RECONNECT SEATTL
WITH ITS OCEAN ROOTS. THESE TWO
PROJECTS HAVE PRIORITIZED MAKIN
A WELCOMING AND ACCESSIBLE
WATERFRONT EXPERIENCE THAT BOTH
HONORS OUR PLACE ON INDIGENOUS
HOMELANDS AND WELCOMES. THIS
EMBODIES THE AQUARIUM'S
CONSERVATION ETHOS AND WILL
INSURE THE WATERFRONT PROMISE
CAN BE DELIVERED TO OUR
COMMUNITY. I URGE YOU TO SUPPOR
THE LEGISLATION UNDER YOUR
CONSIDERATION THAT WILL ENABLE
THE AQUARIUM TO SECURE THE
BRIDGE FUNDING AND THANKS SO
MUCH FOR ALL YOU'VE DONE FOR US
AND THE CITY OF SEATTLE.
>> THANK YOU, MR. CHAIR. THAT
CONCLUDES OUR LIST OF COMMUNITY
MEMBERS WHO SIGNED UP TO
PARTICIPATE IN THIS PUBLIC
HEARING.
>> THANK YOU SO MUCH, MR.
CLERK. THANK YOU FOR EVERYONE
WHO CALLED IN TO PARTICIPATE FO
THE PUBLIC HEARING FOR AGENDA
ITEM 2. WE WILL MOVE ON TO THE
PRESENTATION FOR THE AGENDA ITE
AND I BELIEVE MOST EVERYONE FOR
THE PRESENTATION IS HERE IN
PERSON IN CHAMBERS. THIS IS
GOING TO BE SEPARATED INTO TWO
SEPARATE PRESENTATIONS. CAN I
ASK THE PANEL WHO WANTS TO GO
FIRST?
>> I'LL OPEN UP, INTRODUCE THE
AQUARIUM AND WE'LL FINISH UP
WITH CHRISTOPHER.
>> THANK YOU SO MUCH. TAKE IT
AWAY, PLEASE.
>> GREAT. GOOD AFTERNOON,
COUNCIL MEMBERS. THANK YOU FOR
YOUR TIME TODAY. MY NAME IS
ADIAM EMERY, ONE OF THE DEPUTY
MAYORS. WE'RE HERE TO DISCUSS
LEGISLATION THAT AMENDS THE
CITY'S OPERATING AGREEMENT WITH
THE SEATTLE AQUARIUM SOCIETY.
THIS PROPOSED AMENDMENT IS
NEEDED TO ACCOMMODATE THE
INTEREST IN SECURING A PRIVATE
BANK LOAN THROUGH A STATE
NONPROFIT PROGRAM. THE BANK LOA
IS NEEDED TO ADDRESS BOTH CASH
FLOW AND FUNDING SHORTFALL
ISSUES ASSOCIATED WITH
CONSTRUCTION OF THE OCEAN
PAVILION FACILITY. THE MAYOR
SUPPORTS IN SECURING ADDITIONAL
FUNDING NEEDED TO KEEP
CONSTRUCTION GOING, WHICH IS IN
ITS FINAL AND FOURTH PHASE AND
EXPECTED TO BE COMPLETED BY THE
END OF THIS YEAR. STOPPING
CONSTRUCTION IN THIS FINAL STAG
HAS CONSEQUENCES, SIGNIFICANT
NEGATIVE CONSEQUENCES, WILL HAV
INCREASED CONSTRUCTION COST
SENDING WORKERS HOME AND
DELAYING THE OPENING OF THE
WATERFRONT. THE MAYOR BELIEVES
THE WATERFRONT PARK IN WHICH TH
OCEAN PAVILION IS A PIVOTAL AND
INTEGRATED COMPONENT WOULD BE
TRANSFORMATIONAL. IT'S EXPECTED
TO BE A MAJOR DRAW FOR TOURISTS
AND SEATTLE RESIDENTS. IT
ALREADY IS EVEN UNDER
CONSTRUCTION AND WILL CONTINUE
TO INJECT NEW LIFE INTO THE
WATERFRONT WHICH WILL ALSO BE O
FULL DISPLAY TO THE WORLD AS WE
HOST OUR WORLD CUP IN 2026. TE
OCEAN PAVILION WILL HELP CONNEC
PEDESTRIAN ACTIVITY FROM THE
PIKE PLACE MARKET TO THE
WATERFRONT THROUGH THE
INTEGRATED OVERLOOK WALKWAY.
WHILE WE'RE HOPING THE FUNDING
NEEDED TO COMPLETE THE OCEAN
PAVILION WOULD BE IN HAND AT
THIS POINT, THIS IS A LARGE,
COMPLEX PRODUCT UNDERTAKEN
DURING CHALLENGING TIMES. WHEN
THE AQUARIUM EXPERIENCED A TOTA
SHUTDOWN DURING THE EARLY DAYS
OF COVID, CONSTRUCTION COSTS
CONTINUED TO ESCALATE AND
NEEDING FUNDRAISING DUE TO A
GREAT DEAL OF UNCERTAINTY. WE
BELIEVE SEAS HAS DONE AN AMAZIN
JOB IN SECURING PRIVATE
PHILANTHROPIC DOLLARS TO DAY.
WHEN IT'S ALL SAID AND DONE, TH
CITY WILL TAKE OWNERSHIP OF A
BEAUTIFUL CITY, OCEAN PAVILION,
THAT WILL BE EXPECTED TO BE PAI
AT LEAST 50% IN PHILANTHROPIC
DOLLARS. TODAY SEAS IS HERE TO
TALK ABOUT THEM BEING ALLOWED T
PREPAY THE CITY'S ENHANCED
FACILITY FEES. WITH THAT I'LL
TURN IT TO SEAS TO TALK ABOUT
THE STATUS OF THEIR FUNDRAISING
KEY BANK TERMS AND HOW THEY PLA
TO USE THE BANK LOAN AND REPAY
IT. WITH THAT, I'LL PASS IT ON
TO YOU ALL.
>> FANTASTIC. THANK YOU, DEPUTY
MAYOR EMERY, CHAIR LEWIS,
MEMBERS OF THE COMMITTEE. MY
NAME IS BRAD RUTHERFORD, COO OF
THE SEATTLE AQUARIUM JOINED BY
OUR CONNECTIONS PROGRAM MANAGER
JASMINE WILLIAMS, SUSAN
BULLERDICK, SENIOR DIRECTOR OF
CAPITAL PROJECTS, AND RICK
JOHNSON, OUR VICE PRESIDENT
FINANCE. WE HAVE A BRIEF AGENDA
IF YOU WOULD ADVANCE THE SLIDE,
PLEASE. I'M GOING TO DO A BRIEF
CONVERSATION ABOUT THE STRONG
PARTNERSHIP BETWEEN THE CITY AN
SEAS AND THEN I'M GOING TO TURN
IT OVER TO JASMINE WILLIAMS TO
TALK ABOUT OUR COMMUNITY ACCESS
WHICH I KNOW IS CRITICAL TO ALL
OF US. THEN I'LL TURN IT OVER T
SUSAN FOR AN UPDATE ON THE
BUILDING, WHICH IS VERY EXCITIN
NEWS AND FINISH UP WITH DETAILS
OF OUR FUNDRAISING AND PROPOSED
FINANCING AND THEN THE CITY OF,
CHRISTA VALLES AND CHRISTOPHER
WILLIAMS, WILL TALK ABOUT THE
OMA AMENDMENT AND I WANT TO SAY
WE ARE HERE FOR AN OMA AMENDMEN
REQUEST. WE WERE SO GRATEFUL
BACK IN SEPTEMBER WHEN THE CITY
ADVANCED THE INCREASED FUNDING
COMMITMENT OF $20 MILLION AND W
HEARD LOUD AND CLEAR THAT WAS
THE FINAL COMMITMENT OF FUNDS
FROM THE CITY. WE ARE HERE TO
SAY THANK YOU AND TALK ABOUT
THIS FINANCING PACKAGE AND
PAYING BACK THAT $20 MILLION
ADVANCE. WE'RE THRILLED TO BE A
THAT POINT IN THE CONVERSATION.
I WANTED TO TOUCH ON THAT
IMPORTANT POINT. NEXT SLIDE,
PLEASE. WE HAVE A LONGSTANDING
RELATIONSHIP BETWEEN SEATTLE
PARKS AND REC AND THE SEATTLE
AQUARIUM SOCIETY OR SEAS. WE
HAVE BEEN SUCCESSFULLY OPERATIN
SINCE 2010 THROUGH THIS
OPERATION AND MANAGEMENT
AGREEMENT WORKED OUT BETWEEN
PARKS AND SEATTLE AQUARIUM AND
THAT RELATIONSHIP GOES DEEPER.
WE PARTNERED WITH THE CITY TO
APPROVE THE MASTER PLAN APPROVE
BY CITY COUNCIL IN 2015 THAT
LAID THE GROUND WORK FOR OCEAN
PAVILION. THERE HAVE BEEN A
NUMBER OF ORDINANCES MOVING US
THROUGH THIS AND THE MOST RECEN
IN 2022 FOR THE INCREASED
FUNDING COMMITMENT OF WHICH WE
ARE VERY GRATEFUL FOR THE CITY.
THEY STEPPED UP, HELPED US GET
THROUGH PHASE THREE OF
CONSTRUCTION AND WE WERE ABLE T
ADVANCE OUR FUNDRAISING BY $10
MILLION. NOW WE'VE RAISED OVER
75% OF THE FUNDING TOTAL AND AR
IN POSITION TO SECURE A BANK
LOAN FOR THE REMAINDER OF THE
PROJECT. THANK YOU SO MUCH
AGAIN. WITH THAT, I'LL TURN IT
OVER TO JASMINE, TALK ABOUT
COMMUNITY ACCESS.
>> THANK YOU, BRAD. MY NAME IS
JASMINE WILLIAMS. I USE SHE HER
PRONOUNS AND I AM THE
CONNECTIONS PROGRAM MANAGER IN
THE COMMUNITY ENGAGEMENT TEAM
WITH CONSERVATION ENGAGEMENT IN
LEARNING. I HAVE BEEN INVOLVED
IN THE AQUARIUM SINCE I WAS IN
HIGH SCHOOL AS A VOLUNTEER. SO
YOU HEARD FROM YOUTH OCEAN
ADVOCATES BEFORE AND I WAS ONE
OF THEM. FAST FORWARD TEN PLUS
YEARS, HERE WE ARE. I HAVE
GROWING UP IN MARINE SCIENCE NO
ALWAYS SEEN MYSELF REPRESENTED
WITHIN MARINE SCIENCE AS A BLAC
WOMAN AND IT'S MOTIVATED ME TO
WANT TO ADDRESS THE SYSTEMIC
BARRIERS THAT PREVENT SO MANY
PEOPLE OF COLOR FROM ENGAGING
AND FINDING CAREERS WITHIN
MARINE CONSERVATION. AND I AM
VERY PROUD TO SAY THE SEATTLE
AQUARIUM UNDERSTANDS THIS AND I
STRIVING TO MAKE THE AQUARIUM
AND OUR FIELD LARGELY A MORE
ACCESSIBLE TO EVERYONE IN THE
GREATER SEATTLE AREA AND WE KNO
WE CANNOT ACHIEVE OUR MISSION O
INSPIRING CONSERVATION EVERY OU
MARINE ENVIRONMENT WITHOUT
BECOMING AN ANTI-RACIST,
EQUITABLE AND INCLUSIVE
ORGANIZATION. WITH THAT SAID, W
HAVE A VARIETY OF ACCESS
PROGRAMS AND DISCOUNTS AVAILABL
TO HELP REMOVE BARRIERS TO
ENGAGEMENT. ONE OF THEM IS THE
CONNECTIONS PROGRAM. WE PARTNER
WITH NONPROFIT AND SOCIAL
SERVICE GOVERNMENTAL AGENCIES
THAT SERVE HISTORICALLY
OPPRESSED AND MARGINALIZED
COMMUNITIES IN TYPICALLY FACE
THE MOST BARRIERS TO ENGAGEMENT
THROUGH THIS PROGRAM WE HOPE TO
CREATE AND OFTEN TAKE MUTUALLY
BENEFICIAL RELATIONSHIPS THAT
BUILD TRUST BETWEEN THE AQUARIU
AND COMMUNITIES. WE HAVE FREE
ADMISSION AND WE HOPE THAT'S
JUST THE START KNOWING THAT FRE
ADMISSION IS NOT JUST THE ONLY
BARRIER TO ENGAGING WITH THE
AQUARIUM. IN THE PAST YEAR WE'V
EXPANDED THIS PROGRAM AND ADDED
MORE RESOURCES. THIS HAS REALLY
RESULTED IN US DEEPENING MORE
TIES WITH OUR COMMUNITY AND
INCREASING OUR PARTNERSHIPS
BROADLY THROUGHOUT THE
COMMUNITY. NEXT SLIDE, PLEASE.
WE ARE NOW UP TO OVER 450
CONNECTIONS PARTNERS. WE HAVE
200 PLUS CONSERVATION PARTNERS
IN 13 DIFFERENT COUNTRIES. WE
HAVE OVER 2,200 YOUTH OCEAN
ADVOCATES AND THE PARTNERSHIPS
JUST GO ON AND ON. 40,000
STUDENTS ACROSS 200 SCHOOL
DISTRICTS IN THE STATE AND NEXT
SLIDE. WE'RE ALSO WANTING TO
HIGHLIGHT THE GROWTH OF OUR
SPECIES RECOVERY PROGRAMS. THER
ARE TWO IMAGES OF THE
INDO-PACIFIC LEOPARD SHARK AND
PINTO ABALONE AND WE ARE HELPIN
RECOVER SPECIES LOCALLY IN OUR
SALISH SEA AT HOME AND IN THE
CORAL TRIANGLE. WE LOOK FORWARD
TO CONTINUING TO GROW IN
CONSERVATION WORK AS WE EXPAND
OUR ORGANIZATION. I WILL PASS I
TO SUSAN.
>> THANK YOU, JASMINE. AS BRAD
MENTIONED, MY NAME IS SUSAN
BULLERDICK. I USE SHE HER
PRONOUNS AND I SERVE AS SENIOR
DIRECTOR OF CAPITAL PROJECT AT
THE SEATTLE AQUARIUM AND LEADIN
THE OCEAN PAVILION PROJECT IN
PARTNERSHIP WITH THE OFFICE OF
THE WATERFRONT, CITY'S OFFICE O
THE WATERFRONT AND OTHER KEY
STAKEHOLDERS. WE'RE REALLY
EXCITED YOU CAN HEAR IN THE
TESTIMONIES TO DELIVER THIS
PROJECT THAT WILL SERVE AS THE
CENTERPIECE OF THE NEW
WATERFRONT PARK. IT'S BEEN NO
EASY TASK. WE OFTEN REPEAT THAT
DIRECTIVE THAT COUNCIL PRESIDEN
JAUREZ REMINDED US EARLY ON
ABOUT LET'S NOT DIG DIRT TWICE.
SO WE HAVE BEEN WORKING VERY
CLOSELY WITH THE CITY AND
WATERFRONT CONSTRUCTION SO THAT
WE ARE WORKING COLLABORATIVELY
AND VERY APPRECIATIVE OF THAT.
>> HOLD ON. BEFORE WE GO TO THE
NEXT SLIDE, COUNCILMEMBER
HERBOLD IS UNDER THE IMPRESSION
I WOULD TAKE QUESTIONS AFTER
EACH SECTION. I THINK THAT'S
ACTUALLY A BETTER WAY TO GO
ABOUT THIS. I DO WANT TO GIVE
COUNCILMEMBER HERBOLD A MOMENT
TO ASK A QUESTION ON THE
PREVIOUS SECTION.
>> THANK YOU SO MUCH. I REALLY
APPRECIATE IT. I LOVE THE
ACCESSIBILITY WORK YOU'RE DOING
AT THE AQUARIUM. IT'S SO
FANTASTIC AND INSPIRATIONAL AND
I HAVE GREAT HOPES FOR ITS
EXPANSION. I DID WANT TO TALK A
LITTLE BIT ABOUT THE FREE
TICKETING WITH FULLY
UNDERSTANDING THAT FREE TICKETS
IS NOT THE ONLY WAY TO EXPAND
ACCESS TO THE AQUARIUM. WE KNOW
THAT THE REDEMPTION RATE FOR
THOSE TICKETS IS ABOUT 40 TO 45
AND I'M WONDERING, MY FIRST
QUESTION IS CAN YOU TALK A
LITTLE BIT ABOUT WHAT YOU MIGHT
BE DOING TO EXPAND THAT
REDEMPTION RATE AND MY SECOND
QUESTION RELATES TO THE UPCOMIN
INCREASE IN ADMISSION FEE. THE
PLAN IS TO INCREASE FEES BY AN
ADDITIONAL $10 A PERSON AND JUS
WONDERING AGAIN GIVEN THIS
INCREASE IF THERE ARE OTHER
EFFORTS THAT YOU ARE ENGAGED IN
TO MAKE SURE THAT THE AQUARIUM
IS TRULY ACCESSIBLE TO ALL.
THANK YOU.
>> YEAH. I'LL TAKE THE FIRST
QUESTION. YES. REDEMPTION RATES
ARE ANT NOT AS HIGH AS WE WOUL
WANT THEM TO BE. WE DO
EVERYTHING WE CAN TO PUT THEM
OUT IN THE COMMUNITY AND REALIZ
THE FAMILIES WE'RE GIVING THEM
TO HAVE OTHER BARRIERS. THE ONE
THING WE'RE NOTING AND WORKING
ON IS WORKING WITH OUR PARTNER
ORGANIZATIONS SO THEY UNDERSTAN
THEIR OWN REDEMPTION RATES AND
HELPING THEM UNDERSTAND OF THE
FOLKS THAT THEY'RE GIVING THEM
TO, HELPING US UNDERSTAND WHY
THEIR FOLKS ARE NOT COMING. SO
RIGHT NOW THE BIGGEST ISSUE IS
THEY DON'T KNOW OF THE TICKETS
THAT THEY PASS OUT, WHO HAS COM
AND WHO HASN'T. SO WE'RE WORKIN
WITH OUR COMMUNICATIONS AND WIT
OUR SYSTEMS AND DATA SO WE HAVE
A BETTER SENSE SO WE CAN SHARE
THAT WITH THE ORGANIZATIONS AND
THEY ARE ALSO ASKING THAT SAME
QUESTION. SO WE'RE ALL TRYING T
WORK ON THAT TOGETHER. THEN I
WILL SAY WE HAVE A NUMBER OF
PROGRAMS, NOT JUST WITH TICKETS
BUT WITH OUTREACH PROGRAMMING
WHERE WE'RE REALLY TRYING TO GO
INTO THE COMMUNITY SO THAT WE
CAN PROVIDE ENGAGEMENT IN THAT
WAY AS OPPOSED TO HAVING
EVERYONE TO COME TO US, KNOWING
SOMETIMES IT'S DIFFICULT FOR
FOLKS TO GET DOWN TO THE
WATERFRONT AND BY INCREASING OU
TEAM, WE HAVE MORE FOLKS ABLE T
GO INTO THE COMMUNITY SO WE CAN
DO MORE LISTENING. WE'LL DO
COMMUNITY HAD CONVERSATION SOON
I THINK THAT'S GOING TO HELP
GIVE US A BETTER SENSE OF WHAT
ARE THE BARRIERS. WE'RE GIVING
TICKETS, BUT OBVIOUSLY THERE'S
OTHER THINGS HAPPENING, SO
REALLY TRYING TO UNDERSTAND WHA
THOSE BARRIERS ARE SO WE CAN CA
HELP REMOVE THEM AND HEARING
THAT FROM THE COMMUNITY
THEMSELVES. I'LL LET BRAD TAKE
THE NEXT QUESTION.
>> THANK YOU VERY MUCH. IT'S A
TOPIC WE'VE GIVEN A GREAT DEAL
OF THOUGHT ABOUT. THE FIRST
THING WE'RE REALLY WRESTLING
WITH TRYING TO MAKE SURE IS TO
INSURE THE VALUE PROPOSITION OF
WHAT SOMEONE IS PAYING A TICKET
FOR. TODAY AN ADULT WASHINGTON
STATE RESIDENT WOULD PAY 29.905
TO 29.95 COULD COME INTO THE
ADDITION. WE'RE ONLY INCREASING
THE PRICE 33%. SO WE'RE TRYING
TO MAKE SURE THAT THE VALUE
PROPOSITION STAYS STRONG. WE'VE
COMPARED THAT TO MONTEREY BAY
AQUARIUM, SHEAD AQUARIUM,
GEORGIA AQUARIUM, NATIONAL
AQUARIUM AND OUR PRICES ARE
STILL BELOW AND COMPETITIVE IN
THAT RATE. WE'RE ALSO COMPARING
IT TO OTHER ACTIVITIES PEOPLE
CAN DO ON THE SEATTLE WATERFRON
AND FEEL THAT PRICE IS VERY
COMPETITIVE AND VERY GOOD FOR
THE OVERALL HEALTH OF THE
SEATTLE AQUARIUM. I THINK THE
QUESTION HERE ALL INTERESTED IN
IS WHAT DOES THAT MEAN FOR
ACCESS? OUR ARGUMENT IS THAT AT
29.95 OR 39.95, YOU'RE STILL
TALKING ABOUT A CHALLENGE OF
ACCESS. SO WE ARE DOUBLING DOWN
ON OUR INVESTMENTS THROUGH OUR
CONNECTIONS PARTNERS PROGRAM BY
PUTTING MORE STAFF, MORE MONEY
INTO THAT PROGRAM BECAUSE OUR
MISSION, INSPIRING CONSERVATION
OF OUR MARINE ENVIRONMENT, CAN'
BE ACHIEVED WITHOUT ALL
COMMUNITIES PARTICIPATING. WE
TRULY BELIEVE THAT AND WE HAVE
TO FIND WAYS ALL COMMUNITIES CA
ACCESS THE SEATTLE AQUARIUM.
>> THANK YOU.
>> THANKS SO MUCH. WE CAN
PROCEED WITH THE PRESENTATION.
APOLOGIZE, COUNCILMEMBER
MORALES, YES, GO AHEAD.
>> THANK YOU. I HAVE ONE MORE
QUESTION ON THIS SLIDE. IT SORT
OF WAS GETTING TO YOUR POINT,
PART OF THE PURPOSE BEING TO
EDUCATE AND HELP FOLKS
UNDERSTAND CONSERVATION. I'M
ALSO LOOKING, VERY INTERESTED I
THIS QUESTION OF THE ESTIMATED
PUBLIC BENEFIT VALUE AND AS A
MOM OF TWO KIDS WHO ARE -- THRE
KIDS, NONE OF WHOM ARE OLD
ENOUGH FOR SUMMER CAMP ANYMORE,
MUCH TO MY CHAGRIN, I AM
RECALLING THAT SUMMER CAMP IS
NOT CHEAP. SO I'M WONDERING IF
YOU COULD SHARE EITHER WHAT THE
AVERAGE COST IS FOR YOUR CAMP O
HOW MANY PEOPLE YOU THINK YOU
WOULD BE SERVING WITH THIS AND
WHETHER GIVING THE LOW
REDEMPTION RATE OF YOUR TICKETS
IT MIGHT MAKE MORE SENSE TO
SHIFT THAT INTO MORE
SCHOLARSHIPS OR SCHOOL VISITS S
MORE PEOPLE CAN TAKE ADVANTAGE
ABOUT THE WORK THAT YOU DO.
>> YEAH. I CAN TAKE THAT
QUESTION. THANK YOU. SO OUR
SUMMER CAMPS -- AND I'M TRYING
TO REMEMBER EXACTLY HOW MUCH
THEY COST RIGHT NOW -- BUT THEY
ARE AROUND 350 A WEEK AND WE
PROVIDE SCHOLARSHIPS OF UP TO
80%, I BELIEVE, TO FOLKS WHO
WOULD LIKE TO APPLY. THIS
SCHOLARSHIP IS SEPARATE FROM TH
CONNECTIONS PROGRAM. SO WE
ADVERTISE TO OUR PARTNERS AND
SHARE OUT THIS OPPORTUNITY, BUT
ANYONE IS AVAILABLE TO APPLY FO
THESE SCHOLARSHIPS AS WELL AS
SCHOLARSHIPS CONNECTED TO
SCHOOLS. SO THERE ARE TWO TEAMS
THAT ARE WORKING TO CREATE
ACCESS AND THAT MONEY IS NOT
POOLED TOGETHER. SO THE MONEY
THAT'S GOING TOWARDS THE
CONNECTIONS PROGRAM AND THE USE
OF THE TICKETS IS SEPARATE THAN
THE MONEY THAT IS GOING TO
SCHOOLS AND CAMP SCHOLARSHIPS
AND ALLOWING CLASSROOM VISITS
AND FIELD TRIPS LIKE FROM TITLE
1 SCHOOLS TO COME VISIT THE
AQUARIUM. WE WORK TOGETHER AND
SHARE INFORMATION AND RESOURCES
WITH OUR TWO PROSPECTIVE
AUDIENCES, BUT WE'RE NOT
REQUIRED TO SHIFT THAT MONEY
AROUND BECAUSE IT'S SEPARATE. S
WE HAVE THE ABILITY TO EXPAND
TICKETS AND WE HAVE THE ABILITY
TO EXPAND SCHOLARSHIPS TO OUR
SUMMER CAMPS. I WILL SAY OUR
SUMMER CAMP SCHOLARSHIP RATE HA
INCREASED IN THE LAST FEW YEARS
I DON'T THINK MANY PEOPLE KNEW
THAT WE HAD SCHOLARSHIPS TO OUR
CAMPS AND IN THE PAST FEW YEARS
THAT HAS INCREASED DOUBLE AND
WE'VE BEEN FILLING ALL OF OUR
SCHOLARSHIP SPOTS. SO WE SET
ASIDE AT LEAST TWO SPOTS EVERY
SUMMER CAMP FOR SCHOLARSHIP
RECIPIENTS AND WE HOLD THOSE
UNTIL A FEW WEEKS BEFORE OUR
CAMPS BEFORE WE RELEASE THEM.
>> THANK YOU FOR THAT. CLAIR, I
I MIGHT, JUST ONE FOLLOW-UP.
>> YES, PLEASE.
>> I APPRECIATE THAT INFORMATIO
AND CERTAINLY UNDERSTAND THE
DIFFERENT MONEYS YOU HAVE TO
PLAY WITH HERE. MY QUESTION IS
GIVEN AGAIN THE LOWER REDEMPTIO
RATE FOR THE COMMUNITY IF IT
MIGHT MAKE MORE SENSE TO
RECONFIGURE WHAT YOU THINK THE
ESTIMATED VALUE IS OF THIS
PUBLIC BENEFIT AND FIGURE OUT I
THERE'S A TARGET YOU ARE TRYING
TO ACHIEVE HERE AND YOU KNOW
SOME PERCENTAGE OF THIS IS
PROBABLY UNLIKELY, IT FEELS LIK
MAYBE THERE'S ROOM FOR ANOTHER
VERSION OF THIS SLIDE THAT WE
MIGHT LOOK AT AS WE'RE HAVING
THIS CONVERSATION.
>> YEAH. THANK YOU VERY MUCH. I
REALLY APPRECIATE THE QUESTION
AND I THINK WHAT WE CAN DO IS
LOOK AT THIS INFORMATION, GET
MORE DETAILS AND PROVIDE THAT T
THE COMMITTEE MEMBERS. I THINK
IT'S AN EXCELLENT THING WE NEED
TO LOOK AT IS SHOULD WE BE, FOR
EXAMPLE, INVESTING MORE IN
SUMMER CAMP SCHOLARSHIPS BECAUS
OF OUR CURRENT REDEMPTION RATE.
WE ARE HAPPY TO TRY AND
REALLOCATE THOSE RESOURCES TO
MAKE THEM MORE USEFUL. WE DO
HAVE ANOTHER PROGRAM UNDER
JASMINE'S LEADERSHIP CALLED
CONNECTION PARTNER MEMBERSHIP,
WHICH IS A $25 FAMILY MEMBERSHI
FOR THE AQUARIUM AND WE'LL ALSO
INCLUDE THOSE NUMBERS IN OUR
SUMMARY WE'LL GET TO THE
COMMITTEE. IF YOU GIVE US A BIT
OF TIME, WE'LL MAKE SURE TO GET
THAT INFORMATION TO YOU,
APPRECIATE THE QUESTION.
>> THERE WILL ALSO BE AN
OPPORTUNITY FOR THE CITY TO
ENGAGE WITH THE AQUARIUM ON ITS
PUBLIC BENEFITS PROGRAMS WHEN I
TAKES OVER THE OCEAN PAVILION
AFTER THE CERTIFICATE OF
OCCUPANCY IS ISSUED.
>> ANY OTHER QUESTIONS,
COUNCILMEMBER MORALES?
EXCELLENT. LET'S CONTINUE WITH
THE PRESENTATION. WE HAVE A LOT
TO GET THROUGH THIS AFTERNOON.
THINK AT THIS POINT I WOULD
REVERT BACK TO THE OLD RULE.
LET'S JUST GET THROUGH THE
PRESENTATIONS AND THEN OPEN IT
UP TO QUESTIONS. IF COUNCIL
COLLEAGUES WOULD MAKE NOTATIONS
OF THE SLIDE NUMBERS AND THEIR
QUESTIONS AS WE GO, I WILL MAKE
AS MUCH TIME FOR QUESTIONS AS
POSSIBLE AT THE END OF THE
PRESENTATIONS. GO AHEAD. THANK
YOU.
>> GREAT. THANK YOU. NEXT SLIDE
PLEASE. SO THIS PROJECT WILL
TRULY BE A CIVIC GEM FOR
SEATTLE. THE OCEAN PAVILION WIL
BE AN ACCESSIBLE AND INCLUSIVE
URBAN PARK ON THE TOP AS YOU SE
IN THIS IMAGE. OPPORTUNITY,
THERE'S A PUBLIC STAIRS AND
ELEVATOR TO GET YOU TO THE TOP
OF THE OCEAN PAVILION AND CARRY
YOU TO THE MARKET OR IF YOU'RE
COMING FROM THE PIKE PLACE
MARKET COMING DOWN TO THE
WATERFRONT. FOR THE FIRST TIME
IN THE HISTORY OF CITY, WE WILL
SEE THAT DIRECT CONNECTION.
WE'VE BEEN INVOLVED WITH THE
SALISH COMMUNITY WHERE WE ARE
NOW IN DESIGN TO CONSTRUCTION
AND THIS HAS BEEN RELEVANT INTO
OUR PUBLIC ART. WE'VE HAD AN
INDIGENOUS-LED ARTIST SELECTED
FOR OUR PUBLIC ART PIECE. THE
PLANTINGS ON TOP OF THE ROOF, W
HAVE A MUCKLESHOOT TRIBAL MEMBE
HAS BEEN HELPING US. OTHER
MEMBERS OF THE QUINAULT TRIB
HAVE BEEN HELPING US WITH THAT.
YOU'VE HEARD TESTIMONIES ON
THOSE VOLUNTEERS AND OUR YOUTH
ADVOCATES, THAT WILL INCREASE
SUPPORTING DOWNTOWN RECOVERY
WORK, JOBS FOR THE CONSTRUCTION
CERTAINLY, BUT ALSO JOBS FOR
ADDITIONAL STAFF AND THE OCEAN
PAVILION SPECIES RECOVERY, YOU
HEARD JASMINE SPEAKING TO THAT,
AND WE'RE TARGETING TO BEING TH
FIRST CITY-OWNED PEDAL CERTIFIE
LIVING BUILDING. ACTUALLY IT
WILL BE THE FIRST PEDAL
CERTIFIED LIVING BUILDING IN TH
WORLD. WE'RE VERY EXCITED ABOUT
THAT GOAL. NEXT I'M GOING TO
SHARE IMAGES WHERE WE ARE IN TH
CONSTRUCTION. THE LARGER IMAGE
IS WHERE WE ARE NOW AT THE OCEA
PAVILION POPPING UP. YOU SEE
THAT VIEW FROM THE SOUTH LOOKIN
NORTH OF THAT ENTRY AREA AND TH
BIG WINDOWS THAT WILL LOOK INTO
THE OCEAN PAVILION. THERE'S A
FEATURE RIGHT BELOW THAT OPENIN
WHERE YOU SEE KIND OF PEOPLE
POINTING TO -- I'LL TALK ABOUT
THAT IN A MOMENT, BUT THAT IS A
FREE PUBLIC ACCESS PEEKING INTO
OUR EXHIBITS. NEXT, PLEASE. HER
YOU SEE LOOKING OUT ACTUALLY
FROM THE NEW PIER 62 LOOKING
ACROSS TO THE NEW OCEAN PAVILIO
AND THE SALISH STEPS AND THE
INTEGRATION. YOU CAN SEE HOW
CONNECTED IT IS WITH THE
WATERFRONT AND THE OCEAN
PAVILION AND THE STEPS LEADING
YOU UP TO THE MARKET. NEXT,
PLEASE. THAT CONNECTION WITH TH
OVERLOOK WALK AND THE SEATTLE
AQUARIUM TAKING YOU ONTO THE
ROOFTOP, AGAIN, THE PLAN IS FOR
THE PROJECT TO BE FINISHING UP
CONSTRUCTION BY THE BEGINNING O
NEXT YEAR AND THEN OPENING NEXT
SUMMER AND LOOKING FORWARD TO
HAVING YOU THERE. NEXT. AND THI
IS A VIEW LOOKING FROM THE EAST
TO WEST ON THE STREET SIDE. THE
NEW LODGE ROAD COMPLETED BY THE
CITY TO CONNECT YOU AGAIN TO
ANOTHER CONNECTION TO THE
WATERFRONT AND ACCESSIBLE
PATHWAYS, CRITICAL CONNECTIONS.
AND NEXT. THIS IS THE OCULUS
THAT I WANT TO POINT YOU TO THA
IS A VIEW INTO THE LARGE MAIN
REEF EXHIBIT AND SURROUNDING
THIS IS THE ART DESIGN FROM DAN
FRIDAY WHO WAS EXPECTED TO BE
OUR PUBLIC ART. DAN'S PIECE WIL
SURROUND THIS AS WELL AS BEING
BELOW, THE SANDBLASTED DESIGN
BELOW, AND INTO THE LOBBY AREA.
SO WE LOOK FORWARD TO THAT
HAPPENING AND HAVING YOU COME
AND VISIT THAT AS WELL. NEXT.
I'M GOING TO HAND IT BACK TO
BRAD.
>> I WILL TRY AND BE AS BRIEF A
I CAN. THIS IS A COMPLICATED
PROJECT. WE DIED IT INTO FOUR
PHASES SO THAT WE COULD BEGIN O
TIME AND IN SYNC WITH THE OFFIC
OF THE WATERFRONT AND ALL OF TH
OTHER CONSTRUCTION PROJECTS.
I'VE TALKED QUITE A BIT ABOUT
PHASE 3 AND THE CRITICAL
INCREASED FINANCIAL COMMITMENT
FROM THE CITY AND OUR GREAT
FUNDRAISING EFFORTS THAT MOVED
US INTO PHASE 4. WE ARE NOW
EXCEEDED OUR 75% FUNDRAISING
TARGET AND BRING YOU FORWARD A
BANK LOAN TO FINISH THE PROJECT
AND REPAY THE CITY. NEXT SLIDE,
PLEASE. THE FUNDRAISING IS JUST
ON TREMENDOUS PACE NOW. IT'S A
TRUE PUBLIC PARTNERSHIP 50/50
SPLIT WITH 80 MILLION TARGETED
TO BE RAISED BY TARGET FUNDING
AND 80 MILLION TARGETED TO BE
RAISED BY GOVERNMENT FUNDING. W
ARE AHEAD OF SCHEDULE ON PRIVAT
FUNDING JUST UNDER $67 MILLION.
WE HAVE 13 MILLION TO GO BY THE
END OF 2024 AND WE HAVE VERY
STRONG CONFIDENCE IN OUR ABILIT
TO RAISE THAT FINAL $13 MILLION
ON THE GOVERNMENT FUNDRAISING
SIDE, WE'VE HAD GREAT SUCCESS I
MANY AREAS INCLUDING THE CITY,
COUNTY, STATE, PORT. ON THE
FEDERAL SIDE WE HAVE HAD A
LITTLE LESS SUCCESS. I'M GOING
TO GO INTO OUR EFFORTS AND WHER
WE ARE ON THAT AND WHAT WE'RE
GOING TO DO ABOUT IT. IF YOU'LL
FLIP TO THE NEXT SLIDE, THIS
JUST OUTLINES OUR PLAN FOR THAT
NEXT 13 MILLION. IT'S REALLY
GETTING INTO THE WEEDS, BUT WE
ARE VERY CONFIDENT WE'RE IN OUR
ABILITY TO DO THIS AND THEN THE
NEXT SLIDE, THIS SHOWS YOU OUR
EFFORTS ON THE FEDERAL SIDE. SO
IT BEGAN WITH A VERY STRONG
PROPOSAL FOR AN EDA GRANT OF $1
MILLION WHICH WE REQUESTED INTO
THE SECOND ROUND AND ULTIMATELY
WERE DECLINED. WE ALSO HAD
EXCELLENT INROADS INTO THE BUIL
BACK BETTER INFRASTRUCTURE BILL
WHICH ULTIMATELY ENDED UP NOT
BEING SUPPORTED THROUGH
CONGRESS. ON THE
COMMUNITY-DIRECTED SPENDING, WE
ARE VERY GRATEFUL TO CONGRESS
PERSON'S JAYAPAL'S EFFORTS AND
RECEIVED 750,000 IN
COMMUNITY-DIRECTED SPENDING, SO
NOT THE 3 MILLION WE TRIED FOR
THROUGH NO QUALITY OF CONGRESS
PERSON JAYAPAL, DID AN EXCELLEN
JOB REPRESENTING US AND AT THE
BOTTOM $5 MILLION THROUGH
COMMUNITY-DIRECTED SPENDING
THROUGH SENATOR MURRAY'S OFFICE
THAT ULTIMATELY WAS NOT FUNDED.
SO WE HAVE TAKEN IT ON THE CHIN
A BIT ON THE FEDERAL SIDE AND I
YOU'LL GO TO THE NEXT SLIDE,
I'LL SHOW YOU WHAT WE'RE GOING
TO DO ABOUT THAT. SO THIS IS TH
OUTLINE OF THE COMMERCIAL LOAN
FROM PNC BANK DESIGNED TO BE A
DRAW UP TO LOAN, GUARANTEEING A
ABILITY TO DRAW UP TO 67
MILLION. OUR PROJECTIONS ARE WE
WILL USE 53 MILLION. 20 MILLIO
OF THAT 53 WILL BE USED TO REPA
THE CITY ENHANCED FEES AHEAD OF
SCHEDULE WITH INTEREST NEXT
MONTH, IF WE CLOSE NEXT MONTH.
THAT LEAVES US 26 MILLION TO
COMPLETE CONSTRUCTION. THAT'S
OUR CURRENT BUDGET ON THAT. THE
WE ARE SETTING UP A CAPITAL
RESERVE ACCOUNT. THAT IS
BASICALLY FOR ANY CAPITAL
EMERGENCIES WITH OCEAN PAVILION
BUT PRIMARILY IF WE WERE TO
DEFAULT ON THE LOAN IT, IS A
RESERVE FUND THAT WOULD BE USED
TO COVER MORE THAN A YEAR'S
WORTH OF PAYMENTS. OUR TARGET
CLOSE DATE IS THE MIDDLE OF
AUGUST AND THE VEHICLE WE'LL US
ON THIS IS THE WASHINGTON STATE
HOUSING FINANCE COMMISSION'S
NONPROFIT FACILITIES PROGRAM.
IT'S FANTASTIC. THEY ISSUE TAX
EXEMPT BONDS THE BANK WILL
PURCHASE. THAT GIVES US A VERY
COMPETITIVE RATE. THE RATE ON
THIS LOAN WILL BE 1% BELOW
PRIME. I'LL GET INTO A LITTLE
BIT OF THE DETAILS ON THAT IN A
MOMENT AS WELL. NEXT SLIDE. SOM
OF THE KEY LOAN CONSIDERATIONS
ARE THIS ASSURES COMPLETION OF
THE PROJECT IN SUMMER 2024. WE
SECURE THIS LOAN. WE WILL
DELIVER OCEAN PAVILION OPEN TO
THE PUBLIC NEXT SUMMER, WHICH
WILL BE ABSOLUTELY CRITICAL FOR
THE REVITALIZATION OF THE
WATERFRONT AND SEATTLE. IT IS A
ATYPICAL LOAN STRUCTURE IN THAT
THERE IS NO PHYSICAL COLLATERAL
IT'S MADE CLEAR IN ALL THE LOAN
DOCUMENTS THAT PIER 59, PIER 60
THE EXISTING AQUARIUM, ARE OWNE
BY THE CITY. OCEAN PAVILION AS
SOON AS WE FINISH IT WILL BE
DELIVERED TO THE CITY. THERE IS
NO PHYSICAL COLLATERAL FOR THE
BANK TO USE. IT IS AN
INTERESTING STRUCTURE. THEY ARE
LOOKING FOR WAYS TO MINIMIZE
THEIR RISK. THE ONLY COMMITMENT
WE ARE MAKING IS SURPLUS REVENU
GENERATED BY THE OPERATION OF
THE SEATTLE AQUARIUM WILL GO
TOWARDS LOAN REPAYMENT. 50% OF
THAT IS PLEDGED. WE PLAN ON
DELIVERING MORE THAN 80% OF OUR
SURPLUS REVENUES TO PAY DOWN
THAT LOAN AS QUICKLY AS
POSSIBLE. IT HAS A VARIABLE
INTEREST RATE WHICH WE ARE
SUPPORTIVE OF BECAUSE THAT COME
WITH NO PREPAYMENT PENALTIES. I
WE HAD TO PAY THIS LOAN OUT OVE
ITS AMORTIZATION PERIOD OF 15
YEARS, YOU'D BE LOOKING AT 20
MORE MILLION IN EXPENSES NO
MATTER WHAT THE INTEREST RATE
YOU GET BECAUSE ALL THE INTERES
ON THAT OVER 15 YEARS VERSUS OU
TARGET OF REPAYING THE LOAN BY
THE END OF 2028. SO PREPAYMENT
OR A VARIABLE RATE IS GOOD, PLU
WE'RE AT THE TOP OF THE MARKET
ON RATES RIGHT NOW, NOT A GREAT
TIME TO LOCK IN RATES ANYWAY. S
IT REALLY SEEMS TO WORK FOR US
AND MOST IMPORTANTLY, IT AVOIDS
A WORK STOPPAGE THAT WOULD HAVE
TO OCCUR IF WE DON'T SECURE THI
FINANCING. WE WOULD PAUSE
CONSTRUCTION THAT WOULD CAUSE
MILLIONS OF DOLLARS IN
ESCALATION AND SUNDAY HUNDREDS
OF WORKERS HOME AND IT WOULD
DELAY THE PROJECT BY PROBABLY
MEASURED IN MONTHS, IF NOT
YEARS. THOSE ARE THE KEY LOAN
CONSIDERATIONS. IF YOU GO TO TH
NEXT SLIDE, THERE'S BEEN A LOT
OF DISCUSSION ABOUT HOW DID WE
GET TO THIS LOAN SIZE? HOW DID
WE SIZE THIS LOAN? THE FIRST
COLUMN SHOWS THE TOTAL GOAL,
$160 MILLION. WE HAVE PHYSICALL
COLLECTED, BEEN PAID JUST UNDER
$100 MILLION. WE HAVE 13.7
MILLION IN PLEDGES THAT ARE
COMING DUE IN 2023 THAT WE WILL
BE ABLE TO USE TO PAY INVOICES
ON THE CONSTRUCTION. IT'S THOSE
YELLOW HIGHLIGHTED ITEMS THAT
ARE THE FOUNDATION OF WHAT THE
LOAN IS GOING TO SERVE, 11
MILLION IN SECURED PLEDGES,
MONEYS PLEDGED BY BOTH PUBLIC
AGENCIES AND THE PREVIOUS
DONORS. THEY'LL BUILDING PAID
OUT IN 2024, '25, '26. THERE IS
THE COMPLETION OF THE CAMPAIGN,
THE 13 MILLION IN PRIVATE, 3
MILLION MORE IN STATE AND A
LITTLE BIT IN COUNTY MONEY AND
FINALLY THAT BIG FEDERAL PIECE.
SO LET ME SHOW YOU HOW THAT
BREAKS DOWN IN THE NEXT SLIDE.
THE REMAINDER OF THE CAMPAIGN
TOTALS ABOUT 16 MILLION, 13 THE
PREVIOUS, 3 MILLION GOVERNMENT.
THOSE PLEDGES THAT WILL COME IN
BUT REQUIRE FINANCING BECAUSE O
THE TIMING IS ANOTHER 11 MILLIO
AND THE FEDERAL GAP OF 19
MILLION, YOU ADD THOSE THREE
TOGETHER AND THAT'S THE $46
MILLION FOR BRIDGING THE
CAMPAIGN, THE PLEDGES AND THE
GAP. THEN THAT 7 MILLION CAPITA
RESERVE FUND I TALKED ABOUT IS
WHY WE ARE PENCILING OUT 53
MILLION IS OUR DRAW ON THE LOAN
NEXT SLIDE, PLEASE. THIS IS THE
DETAILED BREAKOUT OF THE
PLEDGES. THIS IS THE LEVEL OF
DETAIL. WE KNOW WHEN THE PLEDGE
ARE SCHEDULED TO BE PAID, WHEN
THEY'RE COMING IN, WHEN WE'LL
HAVE OUR CONTRACTOR INVOICES.
THAT'S HOW WE'RE BALANCING OUT
THE 13.7 MILLION AND THE TOTAL
OF THE NEXT THREE COLUMN IS THE
11 MILLION WE NEED FUNDING FOR.
NEXT SLIDE. THIS IS PROBABLY TH
MOST IMPORTANT SLIDE. IT SHOWS
PRINCIPAL AND INTEREST PAYMENTS
AND WHEN WE'LL MAKE THOSE
PAYMENTS. COUNCILMEMBER HERBOLD
WE WERE DOING A BRIEFING AND
WOULD LIKE TO SEE THIS SLIDE
BROKEN OUT BETWEEN PRINCIPAL AN
INTEREST AND WHEN PLEDGES AND
CAMPAIGN MONEYS ARE COMING IN.
WE'LL DO THAT AND PROVIDE THAT
TO THE COMMITTEE. WE DIDN'T HAV
TIME TO FIX THIS SLIDE IN
ADVANCE. WHAT YOU'RE LOOKING AT
IS SAY 2024, WE WILL BE PAYING
ABOUT $17 MILLION ON THAT LOAN,
THE BULK OF WHICH IS ON THE
PRINCIPAL SIDE IS PLEDGES COMIN
IN, CAMPAIGN RETURNS COMING IN,
AS WELL AS THE INTEREST PAYMENT
WE HAVE AND THEN THAT GOES
THROUGH '25, '6, '7 AND '8 AND
THE FINAL YEAR IN 2028, THAT $7
MILLION RESERVE FUND, WHICH WE
DON'T EVER INTEND TO TAP, WILL
BE USED TO ZERO OUT THE LOAN.
WE'LL BE FULLY PAID OUT DEBT
FREE IN THE END OF 2028. AND
THAT IS THE NEXT SLIDE, OUR TIM
FOR QUESTIONS.
>> THANK YOU SO MUCH TO THE
PANEL. I WILL OPEN IT UP TO
COMMITTEE MEMBERS NOW FOR
QUESTIONS. I CERTAINLY HAVE A
COUPLE OF MY OWN. I WANT TO MAK
THE SPACE FOR COMMITTEE
COLLEAGUES BEFORE I ASK MINE.
COUNCILMEMBER HERBOLD?
>> THANKS SO MUCH. I'M GOING TO
RESTATE IN MY OWN WORDS SOME OF
THE THINGS I'VE LEARNED FROM TH
PRESENTATION OR EARLIER
DISCUSSION. I DO HAVE A COUPLE
QUESTIONS, BUT FIRST I WANT TO
SHARE WHAT I'VE LEARNED FOR THE
VIEWING PUBLIC. ON SLIDE 15 I
THINK THAT UNDERSCORES SOMETHIN
THAT I DID NOT UNDERSTAND
BEFORE, WHICH IS ONCE YOUR
PRIVATE FUNDRAISING CAMPAIGN
REACHED ITS 75% GOAL, A
COMMERCIAL LOAN BECAME POSSIBLE
IT WASN'T POSSIBLE BEFORE THAT.
I THINK THAT'S A REALLY
IMPORTANT PIECE FOR FOLKS TO
UNDERSTAND WHY YOU CAME TO THE
COUNCIL LAST YEAR FOR A $20
MILLION LOAN, BUT THIS YEAR
YOU'RE ELIGIBLE TO GO OUT FOR A
COMMERCIAL LOAN. IN ADDITION,
WANT TO UNDERSCORE THE CITY WIL
NOT BE A GUARANTEOR ON THIS NEW
LOAN. OWNERSHIP WILL TRANSFER T
THE CITY AFTER THE PERMIT OF
OCCUPANCY IS ISSUED IN 2024, BU
THE PAVILION ITSELF WILL NOT BE
COLLATERAL FOR THE LOAN AND THE
LOAN LAST YEAR OF $20 MILLION I
COVERING THE SHORTFALL THAT IS
SHOWN ON SLIDE 21. THERE'S A RO
THAT SHOWS A $19 MILLION
SHORTFALL AND THE LOAN LAST YEA
COVERS THE SHORTFALL AND THEN W
WILL BE PAID BACK AHEAD OF
SCHEDULE WITH THE PROPOSED
COMMERCIAL FINANCING AND THEN
SEAS WILL REPLACE THAT FUNDING
OVER TIME BY REVENUE FROM
ADMISSIONS. THE FINANCING WILL
GIVE YOU TIME TO INCREASE THE
ADMISSIONS IN TICKET PRICES AND
GENERATE THAT EXTRA REVENUE AND
FINALLY BEFORE I WANT TO MENTIO
MY -- ASK MY QUESTION, ON SLIDE
22, THIS IS A SLIDE I THINK IS
VERY HELPFUL. POINT 1 ON THIS
SLIDE ILLUSTRATES THE FUNDING
YET TO BE RAISED. POINT 2 SHOWS
THE CASH FLOW ISSUES WHERE
PLEDGES HAVE BEEN RECEIVED BUT
WILL NOT BE PAID UNTIL FUTURE
YEARS AND THEN POINT 3 IS THE
FEDERAL GAP, WHICH WILL
ULTIMATELY BE COVERED BY
INCREASED ADMISSIONS IN FUTURE
YEARS. SO JUST GOING BACK TO MY
QUESTION, ON SLIDE 16, THE RIGH
SIDE OF THE SLIDE SAYS THAT
FUNDS HAVE BEEN SECURED. JUST
WANT TO CONFIRM THAT THE
STATEMENT THAT FUNDS HAVE BEEN
SECURED MEANS NOT JUST FUNDS IN
HAND, BUT ALSO FUNDS FOR WHICH
YOU'VE RECEIVED FIRM PLEDGES
THAT WILL BE PAID IN FUTURE
YEARS.
>> YEAH. THANK YOU FOR THAT
CLARIFICATION. THAT
INTERPRETATION IS EXACTLY
CORRECT. FOR EXAMPLE, THE PORT
OF SEATTLE HAS COMMITTED $5
MILLION TO THIS PROJECT, WHICH
IS PHENOMENAL. WE HAVE RECEIVED
1.1 MILLION. WE KNOW THE PORT I
GOOD FOR THE 3.9 MILLION
REMAINING AND THEY HAVE A
SCHEDULE LAID OUT IN OUR MOU
WITH THEM OF THE TIMING OF THOS
PAYMENTS. THAT'S A PERFECT
EXAMPLE OF HOW THAT NUMBER IS
INCLUDED IN THAT TOTAL, BUT WE
DO NOT YET HAVE IT IN HAND.
>> THANK YOU FOR REMEMBERING MY
REQUEST FOR SLIDE 24, APPRECIAT
IT.
>> THANK YOU SO MUCH. ARE THER
QUESTIONS FROM OTHER MEMBERS OF
THE COMMITTEE? SEEING NONE, I'L
GO INTO A COUPLE OF MY
QUESTIONS. FIRST, THE
PRESENTATION TOUCHES IN A COUPL
SLIDES ON THE OVERLOOK WALK. TH
OVERLOOK WALK IS INTIMATELY
CONNECTED TO THE OCEAN PAVILION
SO JUST TO CONFIRM FOR THE
RECORD, THERE WERE A WORK
STOPPAGE ON THIS, IT WOULD DELA
OPENING OF THE OVERLOOK WALK
CONNECTION BETWEEN THE PIKE
PLACE MARKET AND THE WATERFRONT
IS THAT CORRECT?
>> SO THEY ARE SEPARATE
PROJECTS. SO THE OCEAN PAVILION
IF IT WAS TO STOP, THE OVERLOOK
WALK WOULD CONTINUE, BUT IT
WOULDN'T BE ABLE TO CONNECT ONT
THE ROOFTOP OF THE OCEAN
PAVILION.
>> MEANING THERE WOULD NOT BE A
CONNECTION BETWEEN THE
WATERFRONT AND THE PIKE PLACE
MARKET?
>> YEAH. BECAUSE THE STAIR AND
ELEVATOR WOULD NOT BE
ACCESSIBLE. SO IT WOULD NO
LONGER MEET THE ADA REQUIREMENT
AND GOAL THAT WE HAVE, WHICH IS
ANYBODY WITH A STROLLER OR
WHEELCHAIR CAN COME FROM PIKE
PLACE BUILDING TO OUR BUILDING
AND DOWN THERE. SO THOSE WOULD
BE UNAVAILABLE.
>> RIGHT. THEY WOULDN'T MEET TH
ACCESSIBILITY. IT DOESN'T HAVE
AN ELEVATOR.
>> RIGHT. I THINK THAT IS AN
IMPORTANT POINT BECAUSE THERE
HAS BEEN SOME COMMUNICATION
ABOUT THE WATERFRONT AS A WHOLE
MAYBE NOT BEING ABLE TO OPEN
WHICH THE PARK WILL OPEN
REGARDLESS OF THE STATUS OF THI
PROJECT, BUT THE OVERLOOK WALK
IS SOMETHING THAT WOULD BE
INHIBITED AND I THINK THAT'S AN
IMPORTANT DISTINCTION TO MAKE
AND A COMPELLING POLICY REASON
TO PURSUE STRATEGIES TO MAKE
SURE THAT THE OCEAN PAVILION
COMES IN ON TIME AND ON BUDGET.
I DO WANT TO ASK AS WELL ABOUT
THE UNUSUAL TERMS THAT ARE IN
THE AGREEMENT WHERE THERE ISN'T
PHYSICAL COLLATERAL, BUT THERE
IS AN UNDERSTANDING ON SURPLUS
REVENUE AS A CONDITION FOR THE
LOAN. CAN WE GET A DEFINITION O
SURPLUS REVENUE? I THINK THAT
WOULD BE USEFUL FOR THE
COMMITTEE TO KNOW. AT WHAT POIN
ARE YOUR REVENUES CONSIDERED
SURPLUS?
>> I CAN ANSWER THAT. MY NAME I
RICK JOHNSON, VICE PRESIDENT OF
FINANCE FOR THE AQUARIUM. IT'S
REALLY A SIMPLE BOTTOM LINE
ANSWER. REVENUES IN EXCESS OF
EXPENSES, WHICH WE PROJECTED OU
AND HAVE DONE SOME EXTENSIVE
MODELING AND HAD CONSULTANTS
REIS THAT AS WELL AND WE ARE
PROJECTING SIGNIFICANT ANNUAL
SURPLUSES, SIMILAR TO OTHER
LARGE AQUARIUMS AROUND THE
COUNTRY.
>> THOSE ESTIMATES ARE BASED ON
THE RECENT ATTENDANCE TRENDS
THAT THE AQUARIUM IS
EXPERIENCING?
>> IT'S BASED ON PROJECTIONS OF
FUTURE ATTENDANCE AND WE'VE HAD
TWO CONSULTANT GROUPS DO AN
ANALYSIS OF THAT FOR US AND THE
BOTH CAME IN REMARKABLY
CONSISTENTLY TO EACH OTHER. THE
SECOND CONSULTANT DID A PRICING
STUDY THAT INDICATED $5 MILLION
MORE IN ANNUAL REVENUE THAN WE
PROJECTED INTERNALLY. SO WE
THINK THERE'S ROOM. THERE'S SOM
MARGIN TO THESE NUMBERS THAT
WILL ALLOW THOSE SURPLUSES TO
REMAIN THE LOAN AS BRAD
EXPLAINED.
>> EVEN BUDGETING BY
CONSERVATIVE BASELINES, YOU FEE
CONFIDENT ON THE ABILITY TO
REPAY THIS LOAN?
>> CORRECT. AS DOES THE BANK.
>> I WILL STATE AS A BRIEF
EDITORIAL COMMENT, IN MY
CAPACITY AS CHAIR OF THE
COMMITTEE, I SERVE EX-OFFICIO O
THE BOARD OF THE SEATTLE
AQUARIUM. I DO RECEIVE
PRESENTATIONS ON THE FINANCES
AND REPORTS OF ATTENDANCE AND
CAN STATE FROM THAT EXPERIENCE
THE AQUARIUM HAS BEEN
EXPERIENCING A VERY ROBUST
RECOVERY COMING OUT OF THE COVI
SHUTDOWNS, BUT I WANT TO MAKE
SURE ME STATING THAT IS MAYBE
SUPPORTED BY THE PANEL. I CAN
HAND IT BACK OVER TO YOU TO GIV
A MOMENT TO CONFIRM IF THAT IS
THE CASE.
>> THAT IS THE CASE. WE ARE
16,000 AHEAD OF BUDGET AND
ATTENDANCE THROUGH JUNE 30th
AND OUR REVENUE IS JUST POINT
SOMETHING PERCENT BELOW
PROJECTIONS, SO WE'RE RUNNING
EXTREMELY CLOSE TO BUDGET AND
THE ATTENDANCE HAS BEEN
CONSISTENT EVEN WITH THE
CONSTRUCTION OVER THE WATERFRON
OVER THE LAST HOW MANY YEARS?
>> YEAH. WE CAN ONLY IMAGINE
WITH THE COMPLETION OF THE
PROJECT THE LONG TERM VIBRANCY
AND SUCCESS IN THE INSTITUTION.
I APPRECIATE THAT. DO COLLEAGUE
IN ANY ADDITIONAL QUESTIONS ON
THE PRESENTATION? OKAY. I DON'T
SEE ANY. DO WE NOW HAVE -- WAS
THAT THE COMBINED PRESENTATION
OR DO WE HAVE A SEPARATE
PRESENTATION FROM THE CITY? YES
I WILL HAND IT OVER. I'LL HAND
IT OVER TO DEPUTY SUPERINTENDEN
WILLIAMS.
>> THANK YOU SO MUCH TO OUR
COLLEAGUES AT THE SEATTLE
AQUARIUM AND THANK YOU TO
COUNCIL MEMBERS. I'D LIKE TO
START OUT ACKNOWLEDGING OUR
COLLEAGUE CHRISTA VALLES FOR AL
HER BACKGROUND WORK TO BRING US
HERE TODAY. THANK YOU, CHRISTA.
I'D ALSO LIKE TO ACKNOWLEDGE
WHAT AN EXCEPTIONAL PARTNER THE
SEATTLE AQUARIUM HAS BEEN
OPERATING THE AQUARIUM SINCE
2010. WHEN WE TRANSFERRED THE
AQUARIUM BACK IN 2010, THEY HAD
AN ANNUAL BUDGET OF ROUGHLY $13
MILLION. TODAY THE AQUARIUM HAS
AN ANNUAL OPERATING BUDGET OF
NEARLY $30 MILLION. THIS TRACK
RECORD OF GROWTH OVER THE YEARS
IS SIGNIFICANT TOGETHER WITH AN
EXPANDED AQUARIUM AND MORE
EXHIBIT GIVES US A GOOD MEASURE
OF CONFIDENCE IN THE AQUARIUM'S
ABILITY TO PAY THE LOAN DEBT.
ADDITIONALLY, THERE'S ALSO BEEN
MANY MARKERS ALONG THE WAY THAT
EXEMPLIFY KIND OF THE STRENGTH
OF THIS PARTNERSHIP. ONE EXAMPL
WAS THE AQUARIUM'S PERFORMANCE
DURING THE PANDEMIC WHEN
EVERYTHING WAS SHUT DOWN AND HO
THEY MANAGED THEIR FINANCIAL
RESOURCES DURING THAT TIME.
ANOTHER EXAMPLE WAS IN 2010 WHE
WE TRANSFERRED THE AQUARIUM. A
LOT OF THOSE EMPLOYEES WERE CIT
EMPLOYEES AND HAD CONCERNS ABOU
GOING TO WORK FOR SEAS, A
NORTHERN PROFIT ENTITY, AND THE
WERE ABLE TO RESOLVE THOSE
ISSUES. THEY'VE TRULY DONE AN
INCREDIBLE JOB MANAGING ONE OF
THE FINEST WELL RUN PUBLIC
AQUARIUMS IN THE COUNTRY. THANK
YOU, PARTNERS. I ALSO WANT TO
KIND OF HIGHLIGHT BEFORE WE GET
INTO THE PRESENTATION WHY WE'RE
HERE. OUR MESSAGE TODAY IS
AGAIN, THE AQUARIUM IS A STELLA
PARTNER. THE BANK LOAN IS GOOD
FOR THE AQUARIUM, CITY, AND
WATERFRONT REDEVELOPMENT. WE
BELIEVE THE DEBT SERVICE ON THE
LOAN IS WELL WITHIN THE
AQUARIUM'S ABILITY TO SERVICE
THAT DEBT. THE OCEAN PAVILION
AND REDEVELOPMENT OF THE
WATERFRONT I THINK IS AN
IMPORTANT SOUNDBITE HERE IS
MAYBE ONE OF THE MOST
SIGNIFICANT CIVIC PROJECTS SINC
THE CREATION OF THE SEATTLE
CENTER FOR THE 1962 WORLD'S
FAIR. IT'S A BIG DEAL. NEXT
SLIDE. THE ORIGINAL AGREEMENT W
HAD WHEN WE TRANSFERRED THE
AQUARIUM TO SEAS IN 2010 REQUIR
THE AQUARIUM COME BACK TO US
WITH A PROPOSAL FOR AN EXPANDED
SEATTLE AQUARIUM. WE BEGAN THES
DISCUSSIONS IN 2003 AND THE
AQUARIUM STAFF HAS COME A LONG
WAYS. THIS LOAN IS IMPORTANT
BECAUSE IT ADVANCES THE PROJECT
THERE'S ALREADY SEVERAL MILLION
OF DOLLARS IN COSTS YOU SAW IN
BRAD'S PRESENTATION AND THE LOA
IS REQUIRED TO COMPLETE THE
PROJECT. THE CITY WILL NOT ACT
AS A LOAN GUARANTY FOR THIS LOA
OR GUARANTOR, ALTHOUGH THE CITY
WILL TAKE OWNERSHIP OF THE NEW
OCEAN PAVILION'S BUILDING ONCE
IT'S COMPLETED. FUTURE AQUARIUM
REVENUES WILL BE USED TO SERVIC
THE DEBT ON THE LOAN, WHICH
YOU'VE HEARD. WE SUPPORT THIS
LOAN. WE BELIEVE IT SUPPORTS OU
SHARED INTERESTS, WHICH IS THE
SUCCESSFUL COMPLETION OF THE
AQUARIUM PROJECT. NEXT SLIDE.
THIS LOAN REQUIRES US TO REVISE
THE OPERATIONS AND MANAGEMENT
AGREEMENT, WHICH IS WHY WE'RE
HERE TODAY. THE LEGISLATION
AUTHORIZES THE EXECUTIVE TO MAK
CHANGES TO THE OMA IN A MANNER
COMPATIBLE WITH THE REQUIREMENT
OF THE BANK LOAN. THE CITY
FINANCE DIRECTOR IS REQUIRED TO
APPROVE THE BONDS BEFORE SIGNIN
OFF ON THE BANK LOAN. THE OMA
PROPOSES A TEN-YEAR EXTENSION T
THE CURRENT OMA. THE ADDITIONAL
TERM WILL EXPIRE IN 2040. THE
CURRENT OMA WAS SET TO EXPIRE I
2030. HOWEVER, AS A CONDITION O
THE LOAN, THE BANK WANTED A
LONGER RELATIONSHIP ON PAPER
BETWEEN THE AQUARIUM AND THE
CITY. A NEW SECTION IS BEING
ADDED TO ESTABLISH A MINIMUM
RESERVE FUND AS INSURANCE
AGAINST AN EXIGENT FINANCIAL
CIRCUMSTANCE TO COVER FUTURE
LOAN PAYMENTS, IF NEEDED, AND
AGAIN, THIS IS A RETIREMENT OF
THE LOAN. NEXT SLIDE. THIS
LEGISLATION GRANTS AN EXTENSION
OF THE OMA AGAIN FOR AN
ADDITIONAL TEN YEARS. I JUST
MENTIONED THIS IS IMPORTANT
BECAUSE THE BANK WANTED A LONGE
RELATIONSHIP BETWEEN THE
AQUARIUM AND THE CITY. IT
PROHIBITS THE CITY FROM WALKING
AWAY FROM OUTSTANDING BONDS AND
THE UNLIKELY SCENARIO THE
AQUARIUM WERE TO GO INTO
DEFAULT. THE TERMS UNDER THE
PROVISION PROVIDE THE AQUARIUM
AND CITY WILL WORK TOGETHER TO
UPDATE OTHER PARTS OF THE OMA
WITHIN AN 18-MONTH -- OR RATHER
WITHIN 18 MONTHS AFTER
ACCEPTANCE OF THE CHANGES TO TH
OMA. NEXT SLIDE. THIS
LEGISLATION GRANTS AUTHORITY FO
THE CITY FINANCE DIRECTOR TO BE
THE DECIDER IN DETERMINING IF
THE BONDS BACKING THE LOAN MEET
SPECIFIC CITY REQUIREMENTS,
CHIEFLY, THE FINANCE DIRECTOR
WILL WANT TO BE SURE THAT THE
LOAN CONDITIONS ARE REASONABLE
AND, TWO, THAT THERE ARE NO
UNINTENDED FINANCIAL
CONSEQUENCES OR UNFORESEEN RISK
AS PART OF THIS LOAN. THE
FINANCE DIRECTOR WILL APPROVE
SPECIFIC BANK OAN DOCUMENTS.
NEXT SLIDE.
MENTIONED EARLIER A RESERVE FUN
WILL BE REQUIRED TO BE
ESTABLISHED. SEAS WILL BE
REQUIRED TO MAINTAIN A CAPITAL
RESERVE FUND AT THE $7 MILLION
LEVEL AND MAINTAIN THIS BALANCE
OVER THE LIFE OF THE LOAN.
FINANCIAL REPORTING AND
MONITORING WILL BE REQUIRED
WHERE SEAS WILL NEED TO SUBMIT
ONGOING REPORTS TO THE CITY OVE
THE COURSE OF THE LOAN. SEAS CA
REQUEST AN INCREASE IN FUNDING
FROM THE CITY TO MAINTAIN THE
CAPITAL RESERVE FUND. HOWEVER,
ANY REQUESTS FOR ADDITIONAL
FUNDING WILL BE APPROVED AT THE
COUNCIL'S DISCRETION. I WILL
PAUSE RIGHT THERE AND SEE IF
THERE ARE ANY QUESTIONS.
>> THANK YOU SO MUCH, DEPUTY
SUPERINTENDENT. I DON'T SEE ANY
QUESTIONS FROM THE PANEL. OH,
COUNCILMEMBER HERBOLD, PLEASE.
>> THANK YOU. I APPRECIATE THAT
IN OUR CONVERSATIONS YOU'VE
RECOGNIZED THE POSITION I TOOK
LAST YEAR, WHICH WAS MY HOPE
THAT WITH THE 20 MILLION COUNCI
APPROVED THAT THOSE SHOULD BE
THE LAST DOLLARS THAT WE ARE
ASKED TO COMMIT TO THE PROJECT.
I APPRECIATE THAT WE ARE NOT
COMMITTING ANY MORE DOLLARS TO
THIS PROJECT BECAUSE WE ARE NOT
A GUARANTOR ON THE LOAN. I'M NO
THRILLED THE AGREEMENT ALLOWS
SEAS TO REQUEST ADDITIONAL
FUNDING IN THE FUTURE BUT
RECOGNIZE THAT THE DECISION
MAKING OF WHETHER OR NOT TO DO
SO WILL BE IN THE HANDS OF A
FUTURE COUNCIL. APPRECIATE THAT
I DO HAVE A COUPLE QUESTIONS
ABOUT THE LOAN TERM AND THE
CONDITIONS ON THE CITY'S ABILIT
TO TERMINATE THE OMA, JUST HOW
WOULD THE TERMINATION FEE BE
CALCULATED? WHAT WOULD BE THE
TRIGGERING EVENT? AND THEN WHO
BASICALLY WOULD AUTHORIZE A
CORRECTIVE ACTION PLAN AND IS
THIS TERMINATION FEE NEW TO THE
SECOND AGREEMENT OR DID IT
ALREADY EXIST IN THE ORIGINAL?
THANK YOU.
>> SO THE ORIGINAL AGREEMENT
ALLOWS THE CITY TO TERMINATE IT
RELATIONSHIP WITH SEAS FOR ANY
REASON, BUT GIVEN THE BANK LOAN
CLEARLY THE BANK WOULD NOT WANT
US TO TERMINATE AND THEN HAVE
SEAS HAVE NO WAY TO GENERATE
REVENUE TO PAY OFF THE BANK
LOAN. SO THE SORT OF COMPROMISE
WITH THE BANK WAS WE WANTED TO
MAINTAIN OUR ABILITY TO
TERMINATE, BUT IT'S PREDICATED
ON A DEFAULT SITUATION AND THAT
SEAS MIGHT FIND ITSELF IN WHICH
COULD BE UNABLE TO MAKE A
PAYMENT DUE TO THE BANK, IN
WHICH CASE WE WOULD WORK WITH
SEAS TO CREATE A CORRECTIVE
ACTION PLAN AND THEN SEAS COULD
UNDER THE MINIMUM RESERVE
REQUIREMENT ALSO USE THAT
FUNDING, BUT SHOULD THAT FUNDIN
FALL AND SEAS BE UNABLE TO
REPLENISH THAT MINIMUM RESERVE,
THAT'S ALSO CAUSE FOR CORRECT
ACTIVE ACTION. ULTIMATELY AFTER
WE GO THROUGH SOME CORRECTIVE
ACTION WITH SEAS, IF WE WANTED
TO TERMINATE AT THAT POINT, THE
AGREEMENT REQUIRES US TO PAY
SEAS A TERMINATION FEE THAT
WOULD BE EQUIVALENT TO WHAT THE
OUTSTANDING COST OF THE BONDS
ARE THAT SEAS HAS WITH THE BANK
>> CAN YOU SAY THAT LAST PART
AGAIN.
>> SO THE TERMINATION FEE THAT
THE CITY WOULD BE PAYING TO
TERMINATE ITS RELATIONSHIP WITH
SEAS WOULD BE EQUIVALENT TO
WHATEVER IS DUE AND OWING TO TH
BANK THAT'S OUTSTANDING AT THAT
TIME.
>> OKAY. THANK YOU.
>> NO ADDITIONAL QUESTIONS,
COUNCILMEMBER HERBOLD?
>> I DO NOT, .
>> ARE THERE ANY OTHER COUNCIL
MEMBERS WHO HAVE QUESTIONS FOR
THE CITY PANEL? OKAY. WELL, I
THINK WE'VE EXHAUSTED THIS
AGENDA ITEM. I APPRECIATE
EVERYBODY COMING IN HERE
ANSWERING OUR QUESTIONS ON THIS
LEGISLATION. LIKE I INDICATED I
BRIEFING THIS WEEK, MY INTENTIO
WAS TO HAVE A FULL HEARING AND
NOT BRING THIS FOR A VOTE. WE
WILL BE COMING BACK IN TWO WEEK
WITH AN EXPECTATION OF TAKING
ACTION ON THIS LEGISLATION AT
THAT TIME. IT DOESN'T SOUND LIK
THERE'S ANY OUTSTANDING BUSINES
OR QUESTIONS FROM THE COMMITTEE
MEMBERS, BUT IF SOMETHING COMES
UP IN THE INTERIM, I'M SURE THE
PANEL WILL MAKE THEMSELVES
AVAILABLE IT. DOES SOUND LIKE
THERE'S GOING TO BE A BREAKDOWN
COMING FROM ONE OF THE SLIDES
THAT WOULD BE USEFUL FOR OUR
CONSIDERATION OVER THE NEXT TWO
WEEKS. I WOULD MAYBE ASK THAT
THAT BE DISTRIBUTED TO ALL
COMMITTEE MEMBERS, IF POSSIBLE,
FROM THE AQUARIUM, APPRECIATE
THE ACCOMMODATION DOING THAT,
BUT IT IS MY EXPECTATION -- I'L
PUT IT ON THE RECORD -- THAT WE
BRING THIS FOR A VOTE AT THE
NEXT COMMITTEE MEETING.
COMMITTEE MEMBERS SHOULD COME T
COMMITTEE PREPARED TO DO THAT.
IT SOUNDS LIKE THERE'S A SEAGUL
ON THE ROOF. IT'S PROBABLY HERE
LOOKING FOR BOB DONIGAN. HE'S
GONE NOW, GUYS. IN ANY EVENT, W
WILL TAKE THIS UP IN TWO WEEKS.
I APPRECIATE EVERYBODY COMING B
AND SEE YOU AT THE NEXT
COMMITTEE MEETING. THANK YOU SO
MUCH.
>> THANK YOU.
>> WILL THE CLERK PLEASE READ
ITEM 3 INTO THE RECORD.
>> AGENDA ITEM 3, COUNCIL BILL
120619, AN ORDINANCE RELATING T
AMUSEMENT DEVICE LICENSES,
REPEALING THE REQUIREMENT FOR A
AMUSEMENT DEVICE LICENSE,
REPEALING CHAPTER 5.32 OF THE
SEATTLE MUNICIPAL CODE AND
AMENDING SECTIONS 5.30.010,
5.30.0020, 555.010, 5.55.040,
5.55.060, 5.55.165, 6.208.020
AND 6.208.050 OF THE SEATTLE
MUNICIPAL CODE.
>> THANK YOU. I THINK IN THE
FUTURE YOU CAN SAY AMENDING
VARIOUS SECTIONS OF THE SMC FOR
READING THE SHORT TITLE, BUT I
APPRECIATE IT. IT'S A LOT OF
SECTIONS WE'RE AMENDING. SORRY.
WE HAVE FROM CENTRAL STAFF
JASMINE MARWAHA. I'LL GIVE A
COUPLE BRIEF INTRODUCTORY
REMARKS WE HEARD FROM A COUPLE
STAKEHOLDERS DOWNTOWN WHO I'VE
BEEN WORKING WITH ON THIS ISSUE
WE HAVE THIS AMUSEMENT LICENSE
FEE IN THE SEATTLE MUNICIPAL
CODE, THIS IS A TAX ON FUN. THI
IS A TAX ON AMUSEMENT DEVICES I
THE CITY OF SEATTLE. THERE'S
BEEN A VERY HELPFUL PRESENTATIO
AND ACCOMPANYING MEMO JASMINE
PREPARED THAT TALKS ABOUT THE
HISTORY AND DESCRIPTION OF THIS
REGULATION. THERE'S A GROWING
NATIONAL TREND ALLUDED TO IN TH
LAST PARAGRAPH AROUND REPEAL AN
RECENTLY THE CITY OF NEW YORK,
NEW YORK CITY IN NEW YORK STATE
AURORA, COLORADO, AND SPOKANE,
WASHINGTON, HAVE REPEALED
SIMILAR FEES ON AMUSEMENT
DEVICES. THERE WAS AN
INTERESTING ARTICLE IN ONE OF
THE MAY EDITIONS OF "THE
ECONOMIST" COMMENTING ON THE
PINBALL INDUSTRY AND RESURGENCE
PINBALL IS SEEING IN PARTICULAR
WHICH IS ONE OF THE AMUSEMENT
DEVICES THAT IS REGULATED. THE
ARTICLE FROM THE MAY 20th ISSUE
OF "THE ECONOMIST" TITLED
"WIZARDRY" AND ABOUT THIS
PINBALL BOOM TALKS ABOUT THE
FACT THAT FOR SEVERAL DECADES
THERE HAS BEEN A SIGNIFICANT
AMOUNT OF REGULATION ON
AMUSEMENT DEVICES BECAUSE THEY
HISTORICALLY HAVE BEEN
ASSOCIATED WITH GAMBLING IN AN
OLDER ERA WHERE THAT WAS A
COMMON CONCERN. IN THE STATE OF
SOUTH CAROLINA YOU STILL HAVE T
BE OVER 18 TO PLAY A PINBALL
MACHINE JUST AS AN EXAMPLE OF
SOME OF THE REGULATIONS STILL O
THE BOOKS. INDEED THE ORIGIN OF
OUR CURRENT AMUSEMENT LICENSE
FEE IS FROM THE MID-1970s AND
UNDOUBTEDLY FOR FOLKS WHO HAVE
READ BOOKS LIKE "SEATTLE VICE"
OR "SEATTLE JUSTICE" AND KNOW
ABOUT AT THAT TIME THE POLICE
PAYOFF SYSTEM THAT OPERATED IN
THE CITY OF SEATTLE KNOW PART O
IT WAS RELATED TO PINBALL
GAMBLING ALMOST CERTAINLY. IF I
HAD TO SPECULATE, PART OF THE
ORIGIN OF HAVING THIS FEE ON TH
BOOKS, IT RAISES A DEMINIMOUS
AMOUNT OF REVENUE FOR THE CITY.
I THINK THERE'S A COMPELLING
ARGUMENT THAT THE BURDEN OF
ADMINISTRATING AND TRACKING THE
AMUSEMENT FEE OUTWEIGHS ANY
POSSIBLE REVENUE BENEFIT TO THE
CITY AND IT'S BEEN ARGUED BY
PEOPLE IN THE INDUSTRY THAT THI
FEE IS HAVING A CHILLING EFFECT
ON THE DECISION OF BUSINESSES
BASED IN AMUSEMENT TO SETTLE AN
SET UP IN SEATTLE AT A TIME WHE
WE ARE TRYING TO ATTRACT MORE
BUSINESSES TO REVITALIZE
DOWNTOWN AND THE GENERAL ECONOM
OF THE CITY POST COVID. GIVEN
THOSE INTRODUCTORY REMARKS, I
WILL HAND IT OVER TO JASMINE TO
GIVE AN OVERVIEW OF THE
LEGISLATION, TALK ABOUT THE MEM
AND HER PRESENTATION. THANK YOU
>> THANK YOU. ONCE AGAIN, MY
NAME IS JASMINE MARWAHA ON
COUNCIL CENTRAL STAFF. THANK YO
TO JACOB RUNNING THE SLIDES.
CENTRAL STAFF HAS NOT PREPARED
MEMO, BUT BECAUSE THERE WEREN'T
NECESSARILY DIFFERENT POLICY
OPTIONS RELATED TO THIS WHETHER
YOU SUPPORT THE APPEAL OR NOT -
>> APOLOGY, JASMINE, I WAS
REFERRING TO THE SUMMARY AND
FISCAL NOTE. I APOLOGIZE.
>> NEXT SLIDE, PLEASE. THIS
LEGISLATION WOULD REPEAL THE
REQUIREMENT FOR BUSINESSES TO
OBTAIN A LICENSE AND PAY A
LICENSE FEE BEFORE PROVIDING AN
AMUSEMENT DEVICE FOR PUBLIC USE
THE GOALS, THE NEXT SLIDE, AS
MENTIONED BY CHAIR LEWIS, IS TO
REDUCE THE BARRIER TO ENTRY FOR
AMUSEMENT ORIENTED BUSINESSES I
SEATTLE AND TO PROVIDE ECONOMIC
RELIEF TO CURRENT BUSINESSES
THAT RELY ON AMUSEMENT DEVICES
AS THE CITY TRANSITIONS TO A
POST PANDEMIC ENVIRONMENT. NEXT
SLIDE. SO WHAT IS AN AMUSEMENT
DEVICE? ACCORDING TO SMC, IT'S
ANY MACHINE OR DEVICE THAT
PROVIDES RECREATION OR
ENTERTAINMENT FOR WHICH A CHARG
IS MADE FOR USE OR PLAY. IT
INCLUDES THOSE LISTED THERE,
POOL, SHUFFLEBOARD, JUKEBOXES,
VIDEO GAMES, PIN BALL, ET
CETERA. IT DOES NOT INCLUDE
MACHINES USED EXCLUSIVELY FOR
VENDING MERCHANDISE, SO NOT
VENDING MACHINES. NEXT SLIDE.
SO THE ANNUAL LICENSE FEE --
WELL, FROM LOOKING AT OTHER
LOCAL JURISDICTIONS IT DOES SEE
LIKE SEATTLE HAS A SOMEWHAT MOR
COMPLEX LICENSE FEE SCHEME. THE
ANNUAL LICENSE FEE FOR AN
AMUSEMENT DEVICE THAT'S
úACTIVATED UPON INSERTION OF A
PAYMENT, SO COIN OPERATORRED
LIKE A SWIPE OF A CARD, IS 100
TIMES THE PRICE OF ONE PLAY FOR
USE OF THE DEVICE ROUNDED TO TH
NEXT $50 NOT TO EXCEED 1,500 PE
YEAR. FOR OTHER TYPES OF
AMUSEMENT DEVICES THAT AREN'T
OPERATED SPECIFICALLY UPON
INSERTION OF PAYMENT, IT'S A
FLAT $500 PER YEAR. THERE'S
OTHER CAPS. SO A COUNTERTOP
DEVICE OR DART BOARD IS CAPPED
AT 25 PER YEAR. POOL TABLE,
SHUFFLEBOARDS, MUSIC DEVICES AR
CAPPED AT 50 AND THEN SPECIAL
EVENTS ALSO NEED TO APPLY FOR
AMUSEMENT DEVICE LICENSES AND
WOULD PAY A MAXIMUM FEE OF $100
PER EVENT, BUT IT COULD BE LESS
DEPENDING HOW MANY AMUSEMENT
DEVICES THEY'RE APPLYING FOR.
NEXT SLIDE. I ONLY RECENTLY
LEARNED ABOUT THE SEATTLE
PINBALL WARS, ENCOURAGE PEOPLE
TO GET A HISTORY LINK TO GET TH
READER'S DIGEST VERSION. MY
UNDERSTANDING FROM TALKING TO
FAS IS ONE OF THE MAIN REASONS
FOR CURRENTLY A POSSIBLE
OBJECTIVE FOR IT CURRENTLY BEIN
ON THE BOOKS IS MANY OF THESE
AMUSEMENT DEVICES GENERATE
BUSINESS INCOME THAT IS NOT
SUBJECT TO SALES TAX. SO THE
LICENSE FEES ALLOW FOR SOME
ADDITIONAL REVENUE CAPTURE OF
THIS BUSINESS ACTIVITY, BUT
THERE ARE SOME AMUSEMENT DEVICE
THAT ARE SUBJECT TO SALES TAX
ACCORDING TO THE STATE LAW.
THESE INCLUDE AIR HOCKEY,
BILLIARDS, POOL, FOOSBALL,
DARTS, BLAH, BLAH, BLAH. YOU CA
SEE IT ON THE LIST. THERE ARE
SOME OTHER AMUSEMENT DEVICES
LIKE PINBALL AND ARCADE GAMES
THAT ARE CLASSIFIED AS NONRETAI
AMUSEMENT DEVICES. THEY WOULD B
SUBJECT TO B AND O TAX UNDER
SERVICES AND OTHER ACTIVITIES
CLASSIFICATION. NEXT SLIDE.
AGAIN, AS I MENTIONED, OTHER
JURISDICTIONS HAVE DIFFERENT
REQUIREMENTS. TYPICALLY THE
LICENSE FEES ARE LESS OR NONE A
ALL. SO WE DID A LITTLE -- I
CALLED AROUND, DID A LITTLE
DIGGING. FEDERAL WAY HAS $100
PER NOVELTY AMUSEMENT DEVICE.
KENT HAS $50 PER AMUSEMENT
DEVICE. BELLVIEW AND RENTON
DON'T CHARGE ANY LICENSE FEE OR
HAVE A REQUIREMENT. AS MENTIONE
BY CHAIR LEWIS, THERE ARE OTHER
JURISDICTIONS AROUND THE COUNTR
THAT HAVE REPEALED SIMILAR
LICENSE FEES IN RECENT YEARS,
ALSO CITING ECONOMIC RECOVERY
REASONS. THERE IS AN IMPACT IN
THE BUDGET, ABOUT $64,000 PER
YEAR. THERE IS NOT A PROPOSED
REPLACEMENT OF THAT AMOUNT.
WHILE MINOR, THE REVENUE
REDUCTION DOES PROJECT THE LONG
TERM PROJECTED GAP BETWEEN
GENERAL FUND REVENUES AND OUR
EXPENDITURES. THAT CONCLUDES MY
PRESENTATION.
>> THANK YOU SO MUCH, JASMINE.
ARE THERE QUESTIONS FROM COUNCI
COLLEAGUES? CAN WE GO TO THE
PREVIOUS SLIDE? I'LL HAVE ONE
I'LL QUEUE UP. COUNCILMEMBER
HERBOLD FIRST.
>> IS OUR INTENT TO VOTE ON THI
TODAY OR ARE WE HEARING IT
FIRST?
>> I'M OPEN TO BE FLEXIBLE ON
THE TIMING SINCE THIS IS THE
FIRST HEARING. MAKE IT AVAILABL
FOR QUESTIONS AND GET A SENSE
WHAT THE COMMITTEE IS THINKING.
>> THANK YOU. DO WE HAVE
INFORMATION FROM FAS ABOUT THE
PURPOSE SERVED BY THE LICENSE?
>> THE INFORMATION THAT I HAVE
IS JUST FOR ALLOWING FOR THAT
REVENUE CAPTURE FROM THE
BUSINESS ACTIVITY.
>> BECAUSE I BELIEVE YOU
EXPLAINED THAT SOME BUSINESSES
ALSO PAY SALES TAX AND OTHERS D
NOT, I AM WONDERING WHETHER OR
NOT THERE IS A POLICY OPTION
WHICH WOULD BE TO EXEMPT THE
ONES THAT DO NOT PAY SALES TAX.
I'M SORRY. EXEMPT THE ONES WHO
DO PAY SALES TAX WHO ARE GETTIN
SOME REVENUE CAPTURE FROM THOSE
BUSINESSES AND CONTINUE THE TAX
ON THOSE THAT ARE EXEMPT FROM
SALES TAX.
>> SURE. THAT WOULD NOT
NECESSARILY BE A REPEAL OF THE
-- IT WOULD BE AN AMENDMENT TO
THE CODE AS OPPOSED TO REPEAL O
LICENSE FEES. WE COULD WORK ON
DRAFTING A DIFFERENT BILL. I
THINK ONE THING TO NOTE, IN
SPEAKING TO OUR TAX EXPERTS AND
CITY ATTORNEY'S OFFICE, THAT
REGULATION IN TERMS OF WHAT
AMUSEMENT DEVICES ARE SUBJECT T
SALES TAX AND WHAT AREN'T DOES
FLUCTUATE AND IS SUBJECT TO
CHANGE BY THE STATE LEGISLATURE
>> INTERESTING. THAT'S GOOD TO
KNOW. WE HEARD I THINK THE GAME
WORKS OWNER TESTIFIED THE
LICENSE RESULTS IN COSTING THAT
BUSINESS $40,000 SPECIFICALLY I
A YEAR THAT THE CITY TOOK IN A
TOTAL OF $95,000 AND THAT WAS I
2019.
>> YES.
>> IN THAT YEAR THAT WAS 40% OF
THE ENTIRE REVENUE FROM ONE
BUSINESS. SO THAT WOULD MEAN 68
BUSINESSES APPLYING FOR LICENSE
-- I'M SORRY. THE REMAINING 67
BUSINESSES COLLECTIVELY PAID
55,000 FOR THAT YEAR. SO I
UNDERSTAND EXCEPTING GAME WORKS
AND THE IMPACT ON THEM, IT'S
HARD TO IMAGINE THAT THE FEE
ITSELF IS MUCH OF A DETERRENT
FOR GETTING INTO OR STAYING IN
FOR THOSE OTHER BUSINESSES,
AGAIN, IT'S
$55,000 OVER 67 BUSINESSES. WHA
INFORMATION DO WE HAVE ABOUT TH
BARRIER THIS FEE HAS TO THESE
BUSINESSES.
>> I DON'T HAVE ANY SPECIFIC
INFORMATION ON THAT. I DO
BELIEVE THERE'S BEEN SOME
STAKEHOLDERRING TO GET AT THAT
IMPACT. I'M NOT SPECIFICALLY
AWARE.
>> MY RESPONSE TO THAT PHRASING
WOULD BE I THINK IT'S FAIRLY
EVIDENT THE IMPACT THAT HAVING
THIS FEE HAS THAT ONE TAXPAYER
REPRESENTS A LARGE AMOUNT OF
REVENUE TO THE STREAM THIS
GENERATES. TO COUNCILMEMBER
HERBOLD'S POINT, THERE'S
PROBABLYLOTS OF BARS AND CAFES
THAT HAVE ONE OR TWO DEVICES AN
IN THE AGGREGATE IT'S NOT A
SIGNIFICANT IMPACT. OBVIOUSLY I
THINK IN THESE TIMES ANY SMALL
THING THAT THE CITY CAN DO TO
ASSESS A GIVEN POLICY HERE OR
THERE THAT CAN REDUCE THE BURDE
IS SOMETHING THAT IS A WARRANTE
POLICY FROM THE CITY AS FAR AS
THAT PARTICULAR BUSINESS IS
CONCERNED. ONE OF THE POINTS AS
I'VE DONE STAKEHOLDERING ON
DOWNTOWN RECOVERY AND TALKED TO
A LOT OF LANDLORDS AND GAME
WORKS IN THIS CASE, AN ARGUMENT
MADE TO ME AN ARRANGEMENT MADE
IN THE USE OF A LICENSE FEE
MAKES SEATTLE A LESS ATTRACTIVE
PLACE TO HAVE THESE BUSINESSES,
HENCE THE FACT THIS RAISES WELL
UNDER $100,000 EACH YEAR OF OUR
$1.6 BILLION GENERAL FUND AND W
HAVE TO KEEP IN MIND THAT THE
OVERALL ECONOMIC ACTIVITY
GENERATED BY SOMETHING LIKE GAM
WORKS IS LEAPS AND BOUNDS HIGHE
AS FAR AS OUR GENERAL FUND IS
CONCERNED IN TERMS OF B AND O
TAX AND OTHER REVENUE IT
GENERATES FOR THE CITY. TO BE
ABLE TO BE COMPETITIVE TO
ATTRACT ADDITIONAL BUSINESSES
LIKE THAT, ESPECIALLY AS WE TRY
TO RECOVER AND REBUILD DOWNTOWN
ON A FOUNDATION PARTLY OF
ENTERTAINMENT, AMUSEMENT AND
TOURISM, WOULD BE TO ATTRACT
MORE POTENTIAL TENANTS LIKE
THAT, THIS DOESN'T EVEN PAY FOR
THE FULL-TIME PERSON TO ENFORCE
THE LICENSE FEE IN A GIVEN YEAR
THE AMOUNT OF MONEY IS SO ANEMI
THAT AGAIN I THINK AN ARGUMENT
COULD BE MADE THAT THE NEED TO
NOT PROCESS, ENFORCE AND DO
ANYTHING WITH IN PROBABLY
OUTWEIGHS WHAT WE RAISE FROM IT
AND I WOULD NOTE FAS DOESN'T
HAVE ANY OBJECTION TO THE REPEA
OF THIS STATUTE.
>> THERE'S ANOTHER EFFORT THAT
KNOW FAS WAS ENGAGED IN FOR A
FEW YEARS. I HAVEN'T CHECKED IN
ON IT RECENTLY, BUT IT WAS
ACTUALLY TO INSURE THAT THESE
REGULATORY LICENSES WERE
COLLECTING ENOUGH TO COVER THE
COSTS TO DO THE REGULATION
BECAUSE OF JUST THE POINT THAT
YOU'RE MAKING, THAT IT COSTS
MORE TO REGULATE FROM THE CITY'
PERSPECTIVE THAN IS BEING
COLLECTED. THERE WAS AN EFFORT
TO MAKE SURE WE WERE ALIGNING
THE COLLECTION OF THE FEES WITH
THE COST TO ADMINISTER THE FEE
ITSELF. IT JUST FEELS LIKE THIS
IS GOING A LITTLE BIT AN
OPPOSITE DIRECTION THAN THAT AN
I'D WELCOME THE OPPORTUNITY TO
SEE ANY INFORMATION THAT YOU
HAVE THAT THIS FEE IS DAMPENING
ECONOMIC VITALITY OR INTEREST
FROM THIS SECTOR OF THE
INDUSTRY.
>> YEAH. THAT IS GOOD FEEDBACK.
WE'RE HAPPY TO ENGAGE WITH YOUR
OFFICE ON THAT. I MEAN TO ONE O
YOUR EARLIER POINTS,
COUNCILMEMBER HERBOLD, I THINK
WHEN WE'RE TALKING -- IF WE'RE
TALKING ABOUT RAISING REVENUE
FOR A CITY, I DO THINK IT'S
WARRANTED TO EXAMINE POLICY
AROUND WHAT OUR TAXES ARE.
THERE'S BEEN A NUMBER OF TAXES
AFFIXED MY NAME TO AS A
CO-SPONSOR OR PROPOSED DURING M
TIME ON COUNCIL, I THINK WHEN
WE'RE INSTITUTING REGULATORY
FEES TO THE PREMISE OF A LINE O
QUESTIONING YOU RAISED EARLIER,
IT ALSO BEGS THE POINT WHAT THE
HEALTH, SAFETY OR WELFARE
PURPOSE OF THE FEE OR REGULATIO
IS. THERE IS ABSOLUTELY NO
HEALTH, WELFARE OR SAFETY BASIS
FOR THIS. IF IT'S PURELY A
REVENUE COLLECTION, IT SHOULD B
RECONFIGURED AS A TAX. IT ISN'T
STRICTLY SPEAKING, A TAX. AGAIN
TO SPECULATE, AS WE'VE KIND OF
ALLUDED TO A COUPLE TIMES, AS I
WAS CREATED IN THE '70s, I WOUL
IMAGINE IT'S RELATED TO AN
ANTIQUATED HISTORY DEVICE THAT
USED TO BE ASSOCIATED WITH
PINBALL MACHINES THAT IS NO
LONGER THE CASE AND I DO THINK
THAT THAT WAS THE HEALTH, SAFET
A, AND WELFARE RATIONALE WHEN I
WAS ORIGINALLY CONCEIVED. IF IT
IS AT THIS POINT SUPPOSED TO BE
A REVENUE GENERATOR, WHAT I
WOULD SAY IS ONE, IT'S FAILING
AT THAT. TWO, THAT ISN'T WHY WE
SHOULD BE ASSESSING FEES AND IF
THAT'S THE CASE, WE SHOULD
RECONFIGURE THIS TO BE SOME KIN
OF TAX, NOT THAT I'M ADVOCATING
THAT, BUT IT SEEMS IT
OCCASIONALLY BEHOOVES US AS CIT
COUNCIL TO REEXAMINE RELICS THA
WE FIND IN OUR SMC AND
DETERMINE IF THEY ARE SUITED TO
OUR TIMES, THE SAME WAY WE
CREATE NEW REGULATIONS LIKE WE
ARE DOING NOW WITH DEACTIVATION
AND WHATEVER ELSE THAT ARE
RESPONDING TO EXIGENT PROBLEMS
IN OUR ECONOMY THAT WARRANT SOM
LEVEL OF REGULATION OR
INTERVENTION. I THINK WE SHOULD
BE CAPABLE OF THAT KIND OF
SELF-RENEWAL AND CRITICAL
ASSESSMENT AND THAT'S THE SPIRI
I'VE BROUGHT THIS PROPOSAL IN,
BUT THE QUESTIONS RAISED FOR
THIS INITIAL HEARING ARE VERY
GOOD QUESTIONS AND WE CAN WORK
ON OUR STAKEHOLDERRING TO WORK
WITH YOUR OFFICE TO ANSWER THEM
>> THANK YOU. YOURS IS A VERY
COMPELLING ARGUMENT.
>> THANK YOU SO MUCH. ARE THERE
OTHER QUESTIONS FROM COUNCIL
COLLEAGUES ON THIS AGENDA ITEM?
SEEING NONE, LET'S CLOSE THIS
OUT. I WILL NOT BRING THIS FOR
VOTE TODAY, BUT WE CAN REVISIT
THIS AT THE NEXT COMMITTEE
MEETING AND WE'LL WORK TO
RESPOND TO SOME OF THE CAPTIONS
RAISED BY COUNCILMEMBER HERBOLD
IN PARTICULAR AND APPRECIATE TH
INDULGENCE OF THE COMMITTEE
HEARING THIS THIS AFTERNOON.
WILL THE CLERK PLEASE READ ITEM
4 INTO THE RECORD.
>> ITEM 4, COUNCIL BILL 120609
AN ORDER ANSWER AUTHORIZING THE
SUPERINTENT OF SEATTLE PARKS AN
RECREATION TO ENTER INTO A
CONCESSION AGREEMENT WITH THE
SAIL SAND POINT TO OCCUPY AND
USE A PORTION OF THE MAGNUSON
NORTH SHORE RECREATION AREA AT
WARREN G. MAGNUSON PARK TO
PROVIDE SAILING BOATING PROGRAM
AND EDUCATION, SHORT TERM BOAT
RENTALS AND DRY BOAT STORAGE.
>> THANK YOU SO MUCH, MR. CLERK
HERE WE ARE BACK ON THIS COUNCI
BILL WE DISCUSSED EARLIER THIS
MONTH. THERE WERE REALLY GOOD
POINTS RAISED BY COMMITTEE
MEMBERS, COUNCILMEMBER HERBOLD
AND COUNCIL MEMBER JAUREZ, WHO
RAISED CONCERNS AND REQUESTS FO
CLARIFICATION ON THIS CONCESSIO
AGREEMENT. THERE'S BEEN A
SIGNIFICANT AMOUNT OF ADDITIONA
INFORMATION PROVIDED AND WE ARE
JOINED BY TRACI RATZLIFF FROM
OUR COUNCIL CENTRAL STAFF. I
BELIEVE WE ALSO HAVE SOME
ADDITIONAL PRESENTERS,
SUPERINTENDENT DIAZ AND A TEAM
FROM PARKS. WHY DON'T WE GO
AHEAD AND START WITH
SUPERINTENDENT DIAZ AND WE CAN
BRING TRACI IN AS REQUIRED.
SUPERINTENDENT, I WILL HAND IT
OVER TO YOU.
>> THANK YOU SO MUCH, MR. CHAIR
GOOD AFTERNOON, COUNCIL MEMBERS
A.P. DIAZ, SEATTLE PARKS AND
RECREATION. THANKS YOU FOR THIS
OPPORTUNITY TO PROVIDE MORE
INFORMATION AND DETAILS ABOUT
THE PUBLIC BENEFITS IN THE
DEPARTMENT'S PROPOSED CONCESSIO
AGREEMENT WITH SAIL SAND POINT
AT MAGNUSON PARK. WE GREATLY
APPRECIATE YOUR COMMENTS AND
TIME TODAY AND TOOK AWAY THE
QUESTIONS FROM THE LAST
COMMITTEE MEETING JULY 11th.
SINCE THAT MEETING WE'VE SENT
RESPONSES TO A NUMBER OF YOUR
FOLLOW-UP QUESTIONS TO YOUR
STAFF AND OUR CITY COLLEAGUES.
TODAY MY COLLEAGUE BRIAN JUDD
AND I AS WELL AS SAIL SAND POIN
EXECUTIVE DIRECTOR SETH MUIR
WILL FOCUS ON THE PUBLIC
BENEFITS PORTION OF THE PROPOSE
AGREEMENT, INCLUDING A MORE
DETAILED BREAKDOWN OF THE CITY
BENEFITS. THESE BENEFITS WERE
DEVELOPED TO ALIGN WITH THE
CITY'S DIRECTION AND THE 2016
GUIDANCE TO SEATTLE PARKS AND
RECREATION. THIS CONTRACT
INCLUDES A BEVY OF MANDATED
PUBLIC REQUIREMENTS WITH NO REN
OFFSETS. THEY ARE SIMPLY
REQUIREMENTS AS AGREEMENTS TO
ENACT A NEW CONCESSION TERM.
WHAT'S MORE, SPR ANTICIPATES TH
CITY WILL RECEIVE SEVERAL
MILLION DOLLARS IN HISTORIC
DISTRICT CAPITAL IMPROVEMENTS A
PART OF THE PROPOSED AGREEMENT
WITH SAIL SAND POINT,
RECOGNIZING THAT THERE IS MUCH
WORK TO BE DONE AND MAINTENANCE
REQUIREMENTS FOR THE UNIQUE
FACILITIES REGARDING THE BOAT
DOCKS AND AREAS SURROUNDING THE
CONCESSION. I WANT TO STRESS
THAT EVEN THOUGH THIS IS A LONG
TERM CONTRACT, THE DEPARTMENT I
COMMITTED TO CLOSELY MONITORING
THE TERMS OF THE AGREEMENT
THROUGHOUT ITS TERMS, INCLUDING
THE ANNUAL REQUIREMENT FOR THE
CONCESSIONAIRE TO SUBMIT A PLAN
FOR OUR DEPARTMENT'S APPROVAL
AND APPROVAL OF PUBLIC BENEFITS
AND AT ANYTIME WE WILL NOT
HESITATE TO INSURE OR ASK THE
CONCESSIONAIRE TO ADD MORE
BENEFIT IF WE FEEL THEY ARE NOT
MEETING UP TO THE OBLIGATIONS.
WE HAVE A STAFF TEAM AT MAGNUSO
PARK THAT WORKS CLOSELY WITH OU
TENANTS AND WE WILL INSURE THAT
CONTRACT COMPLIANCE GOING
FORWARD. AT THIS TIME I WOULD
LIKE TO TURN IT OVER TO BRIAN
JUDD TO WALK YOU THROUGH A MORE
COMPREHENSIVE AND SUCCINCT LIST
OF THE PUBLIC BENEFITS AND WE'R
AVAILABLE TO ANSWER ANY
QUESTIONS FOR THE COMMITTEE AS
NEEDED. BRIAN, THANK YOU SO
MUCH.
>> THANK YOU, AP, FOR PASSING
THE BATON AND SETH MUIR IS WITH
ME, EXECUTIVE DIRECTOR OF SAIL
SAND POINT. WE WILL PIVOT BACK
AND FORTH ON A FEW SLIDES. WE'L
TALK ABOUT THE CURRENT STATE OF
THE SEATTLE PARKS AND RECREATIO
AND SALE SAND POINT. SAIL SAND
POINT HAS OPERATED IN THE PARK
ABOUT 25 YEARS AND WE ARE
OPERATING AND GUIDING OUR
RELATIONSHIP ACCORDING TO AN
AGREEMENT ESTABLISHED BETWEEN
THE BUILDING 11 LLC AND SAIL
SAND POINT SEVERAL YEARS AGO. I
THAT AGREEMENT SAIL SAND POINT
HAS EXCLUSIVE EXTENSION OPTIONS
THAT GO THROUGH THE YEAR 2056.
THERE IS NO PUBLIC BENEFIT
REQUIREMENT AND THERE'S NO
TENANT IMPROVEMENT OFFSETS
AVAILABLE TO SAIL SAND POINT AN
THERE'S ALSO AN OUTDOOR DRY BOA
STORAGE THAT IS INCLUDED IN THE
PROPOSED AGREEMENT. WE CURRENTL
THAT HAVE UNDER A SEPARATE
PERMIT AND WILL DO SOME
COMPARISON ANALYSIS HERE ON AN
UPCOMING SLIDE. NEXT SLIDE,
PLEASE. SO THIS SLIDE REALLY
PROVIDES SOME OVERARCHING KEY
CONSIDERATIONS IN THE
DEVELOPMENT OF THE PROPOSED
AGREEMENT THAT WE HAVE IN FRONT
OF YOU TODAY. THE MAXIMUM TERM,
MEANING THE FULL CONTRACT LENGT
IF ALL THE OPTIONS ARE
EXERCISED, IS CLOSE TO THE
CURRENT AGREEMENT. IT GOES OUT
TO 2053. IT ESTABLISHES A NEW
PUBLIC BENEFIT REQUIREMENT AS A
SAID. THERE IS NO RENTOFF SET.
IT IS SIMPLY A REQUIREMENT AND
THERE IS AN ACCOUNTABILITY PLAN
FOR ANNUAL REPORTS AND
ESTABLISHING THOSE PLANS AND IT
CLARIFIES THE PREMISES SAIL SAN
POINT USES WITHIN THE NORTH
SHORE OF THE PARK. SAIL SAND
POINT DOES NOT HAVE EXCLUSIVE
USE OF THE ENTIRE NORTH SHORE
BUT SIMPLY SEVERAL FACILITIES I
THAT AREA AND IT ALSO
INCORPORATES A PERCENTAGE OF
REVENUE COMING TO THE CITY OF
SEATTLE FOR A DRY BOAT STORAGE
AREA OF WHICH CURRENTLY WE ONLY
COLLECT $1 ANNUALLY. [
CAPTIONERS TRANSITIONING ]
>> THIS DOES COMPARE A 15 YEAR
TERM BECAUSE THAT IS THE LENGT
OF THE INITIAL TERM OF THE
PROPOSED AGREEMENT. YOU WILL SE
HERE THAT THE CURRENT AGREEMEN
WE BRING IN ABOUT $860,000 IN
THE PROPOSED AGREEMENT WE ARE
EXPECTING TO BRING IN 1.35
MILLION IN GROSS REVENUE.
BEFORE ANY TENANT IMPROVEMENT
OFSETS. AND WELL A MARKET STUDY
WE HAVE INDICATES THAT WE COULD
GENERATE $4.2 MILLION IN
REVENUE, THIS STUDY DOES NOT
TAKE INTO ACCOUNT THE UNIQUE
RESTRICTIONS ON THE PREMISES I
THIS CONTRACT, INCLUDING
SHORELINE RESTRICTION ZONE WHIC
REQUIRES ONLY AQUATICS USES. I
THE RECREATION USE CONVEYANCE
REQUIREMENT FROM THE NATIONAL
PARK SERVICE. IN TERMS OF
PUBLIC BENEFITS, THE EXISTING
AGREEMENT ENCOURAGES PUBLIC
BENEFITS BUT DOES NOT REQUIRE
THEM. OFFSETS ARE ALLOWED IF
SAIL SAND POINT WERE TO ASK US
FOR ONE. BUT SINCE AT LEAST
2016, SAIL SAND POINT HAS
PROVIDED US PUBLIC BENEFITS AN
AN ANNUAL REPORT AND HAS NEVER
ASKED FOR A RENT OFFSET. THE NE
AGREEMENT HAS AN ANNUAL VALUE
BASELINE VALUE OF $100,000
WHICH EQUALS OUT TO $1.5 MILLIO
IN THAT BASELINE VALUE. IF YOU
TAKE INTO ACCOUNT SOME
PROTECTED INFLATION, $1.85
BILLION IN PUBLIC BENEFITS.
THESE ARE REQUIRED, NO OFFSETS.
THE CURRENT AGREEMENT HAS
TENTATIVE IMPROVEMENTS ALLOWED
BUT THERE IS NO OFFSET PROVIDED
THIS PROPOSED AGREEMENT DOES
PROVIDE UP TO 50% IMPROVEMENT
OFFSET FOR RENT FOR ANY
IMPROVEMENT PROJECT. THERE IS A
ANNUAL PLAN REQUIRED FROM SAIL
SAND POINT AROUND THEIR
FUNDRAISING EFFORTS AND FACILIT
DEVELOPMENT PLANS. AND SAIL
SAND POINT DOES NOT CURRENTLY
HAVE AN APPROVED PLAN. SO THE
OFFSET WILL NOT START ON THE
FIRST MONTH OF THIS AGREEMENT.
IT WILL START ONCE WE HAVE AN
APPROVED AGREEMENT. IN THE DRY
BOAT STORAGE, I ALLUDED TO THAT
BEFORE, CURRENTLY WE COLLECT ON
DOLLAR PER YEAR. IN THE PROPOSE
AGREEMENT WE ARE ANTICIPATING
THE WE ARE GOING TO BRING IN
AROUND $260,000 OVER THE 15 YEA
PERIOD. NEXT SLIDE, PLEASE. O
THE IMPORTANT TOPIC OF PUBLIC
BENEFITS, WE WANTED TO GIVE YOU
A SIDE-BY-SIDE COMPARISON OF
WHAT IS IN THE EXISTING
AGREEMENT AND WHAT WE ARE
PROPOSING. THE EXISTING
AGREEMENT, AS I SAID, PUBLIC
BENEFITS WERE ENCOURAGED BUT NO
REQUIRED. THERE WAS LANGUAGE
THAT SAIL SAND POINT COULD SEEK
A PUBLIC BENEFIT OFFSET FROM
THE PARK SUPERINTENDENT , THEY
HAVE NEVER TRIED TO DO THIS WIT
US. THERE WERE SPECIFIC
PROGRAMS THAT WERE FROZEN IN
TIME DURING THAT TIME. NOT A
VERY FLEXIBLE EXHIBIT. UNDER TH
PROPOSED AGREEMENT, THERE IS
THE ANNUAL VALUE THAT IS GOING
TO BE A BASELINE REQUIREMENT FO
PUBLIC BENEFIT. AND THERE IS
GOING TO BE, AS YOU CAN SEE, AN
ANNUAL PLAN REQUIRED THAT WILL
BE APPROVED AND REVIEWED BY THE
SUPERINTENDENT. A REPORT THAT I
REQUIRED, REVIEWED BY THE
SUPERINTENDENT. THIS ANNUAL
APPROACH ALLOWS US TO BE
INCREDIBLY FLEXIBLE SO THAT
PUBLIC BENEFITS CAN MEET NEW AN
EMERGING NEEDS. WE WILL TALK
ABOUT THAT A LITTLE BIT. ONE OF
THOSE IS THE SWIM SEATTLE
INITIATIVE. SAIL SAND POINT HA
VERBALLY COMMITTED TO BEING A
PARTNER WITH US IN THAT
INITIATIVE. SO WE EXPECT THAT A
PARTNERSHIP AROUND SWIM SEATTLE
WILL BE IN A FUTURE PUBLIC
BENEFIT REPORT AND PLAN. WE LOO
FORWARD TO THAT. CAPITAL
IMPROVEMENTS, WE HAVE IT IN A
SEPARATE PART OF THE CONTRACT.
THOSE ALSO REQUIRE
SUPERINTENDENT REVIEW AND
APPROVAL. WE WILL GO THROUGH
THAT IN A LITTLE BIT. NEXT
SLIDE. SO, I'M GOING TO GIVE
HIGH LEVEL ON THE PUBLIC BENEFI
AND THEN HANDED OVER TO SETH TO
WALK THROUGH THE DETAILS OF WHA
HIS ORGANIZATION WILL PROVIDE?
IN EXHIBIT B 1, WE HAVE THE
PUBLIC BENEFITS OUTLINED IN THE
VALUE. WE USED THE GUIDELINES
PROVIDED TO US IN 2016 BY
COUNCILMEMBER JUAREZ . IT DOES
ALLOW US TO HAVE AN ANNUAL
OPPORTUNITY TO ADJUST IT, WHAT
IS IN THE EXHIBIT IS A MENU AND
GUIDE WE CAN CONTINUE THIS
CONVERSATION ON AN ANNUAL BASIS
AND MAKE SURE IT IS REACHING
INITIATIVES AND POPULATIONS THA
ARE A PRIORITY TO US. I
MENTIONED A FUTURE SWIM SEATTLE
OPPORTUNITY . I ALSO WANT TO
NOTE THAT COUNCILMEMBER JUARE
MENTIONED ON JULY 7 THAT
OUTDOORS FOR ALL WAS A GOOD
EXAMPLE FOR PUBLIC BENEFITS. I
DO WANT TO CONFIRM THAT THIS
APPROACH, THIS MENU IS
CONSISTENT WITH WHAT IS IN THE
OUTDOORS FOR ALL HERE AT
MAGNUSON PARK. SETH WILL TAKE
ON MOST OF THE CATEGORIES, AND
WILL COME BACK TO ME TO TALK
MORE ABOUT CAPITAL IMPROVEMENTS
>> THANK YOU, HELLO AND GOOD
AFTERNOON. I WANT TO START BY
SAYING THANK YOU FOR THE
OPPORTUNITY FOR SAIL SAND POIN
TO CONTINUE THIS PARTNERSHIP.
ALL OF US UNDERSTAND IT IS A
PRIVILEGE TO STEWARD THIS
SPECIAL PUBLIC ASSET AND WE TAK
THE RESPONSIBILITY SERIOUSLY.
WE RECOGNIZE OUR IMPORTANT ROLE
IN PROVIDING PUBLIC ACCESS AND
WANT TO BE A SUPPORTIVE PARTNE
AS POSSIBLE AS WE WORK TO
DELIVER PUBLIC BENEFIT, TO KEEP
OPEN ACCESS TO THE NORTH END
RECREATION AREA, AND MEET OUR
SHARED SERVICE GOALS FOR THE
CITY., AS BRIAN NOTED THESE
BENEFITS REFLECT BEAUTY NEED,
BUT THE SUMMARY ILLUSTRATES
WHAT WE TEND INTENT TO DELIVER.
THE FIRST SLIDE HERE IS ALL
ABOUT PUBLIC ACCESS. COMING IN
AT A TOTAL OF $20,000. WE HAVE
A RANGE OF OPPORTUNITIES WHICH
INCREASE PUBLIC ACCESS. IS
BASED ON FAIR MARKET VALUE, FOR
EXAMPLE, EVERY DAY WE ARE OPEN
WE SET OUT A CARD OF FREE
LIFEJACKETS USED BY
APPROXIMATELY 750 PEOPLE
ANNUALLY. IF THEY WERE TO RENT
THOSE IT WOULD COST $10 PER DAY
THAT IS WHERE WE COME UP WITH
THE $7500 VALUE. WE DO THE SAME
WITH WETSUITS AND FOUL WEATHER
GEAR. THE EXPENSE OF LAKE
SAFETY SUPPORT, WE HAVE
EXTRAPOLATED FROM OTHER SERVICE
THAT PROVIDE THAT SUPPORT. A NE
BIG ONE FOR US IS THAT WE WILL
TAKE OVER THE MANAGEMENT OF THE
PUBLIC RESTROOM WHICH IS
DIRECTLY ADJACENT TO OUR
FACILITY. THAT IS A SIGNIFICAN
RESPONSIBILITY, AS YOU CAN
IMAGINE, A PUBLIC RESTROOM IN A
PUBLIC PARK, AND WE WILL TAKE
THAT ON KEEPING IT OPEN TO THE
PUBLIC BUT TAKING ON THE
JANITORIAL SERVICES AND SUPPLIE
AND MANAGEMENT OF THAT SPACE.
AND ADDITIONALLY, THE LAST ONE
IS FIRST-AID SUPPORT. NEXT
SLIDE, PLEASE. THE NEXT SLIDE
IS CLOSE TO MY HEART AS A
FORMER EDUCATOR. IT IS ALL ABOU
SCHOLARSHIPS. STARTING WITH
$25,000 WORTH OF SCHOLARSHIPS
WHICH WILL GO TO INDIVIDUALS AN
FAMILIES. THESE INDIVIDUALS,
MANY OF WHOM THEMSELVES ARE
MAGNUSON PARK RESIDENTS, WILL
LEARN FOR SCHOLARSHIPS THROUGH
OUTREACH MECHANISMS AND ONCE
THEY APPLY WE WILL USE THE SAM
PROCESS THAT SPR USES TO
CALCULATE THE NEED. MANY OF
THESE ARE 100% SCHOLARSHIPS .
AND IN FACT, FOR A $250 AVERAG
PROGRAM, WE ANTICIPATE SEVERAL
HUNDRED OF THOSE 100%
SCHOLARSHIPS EVERY YEAR. WE AR
SEEING MORE APPLICATIONS THAN
EVER BEFORE. $20,000 OF THIS I
FOR SCHOLARSHIPS TO COMMUNITY
GROUPS. WE SEPARATE THAT
BECAUSE THAT IS AN IMPORTANT
DISTINCTION FOR US. IT ENABLES
US TO BE MORE SUCCESSFUL. THESE
GROUPS INCLUDE GROUPS LIKE
OUTDOORS FOR ALL, AND I
APPRECIATE CONNOR FOR THE PUBLI
TEST ON THE EARLIER. NONPROFITS
LIKE SOLID GROUND THAT SERVE
MAGNUSSON RESIDENTS. CHILDREN
HOME SOCIETY OF WASHINGTON. AND
JUST YESTERDAY WE HAD A SOLDIER
RECOVERY UNIT WITH WOUNDED
WARRIORS WITH US AS A GROUP
RECEIVING A SCHOLARSHIP. WE
SPEND A LOT OF TIME AND ENERGY
WORKING WITH THE COMMUNITY
PARTNERS AS THEY ARE CRUCIAL TO
OUR WORK ENGAGING NEW
AUDIENCES. WE HAVE LEARNED OVER
THE YEARS THAT WE HAVE A GREATE
SUCCESS INVOLVING NEW
COMMUNITY'S, ESPECIALLY THOSE
WHO DON'T HAVE PRIOR EXPERIENCE
WITH WATER SPORTS OR PRIVILEGED
TO HAVE HAD EXPOSURE TO WATER
SPORTS, IF WE INVITE THESE FOLK
TO PARTICIPATE IN GROUPS. WE
ALSO FIND WE EXCEL IF WE BUILD
STRONG ALLIANCES WITH THE
LEADERS WITHIN THESE GROUPS WHO
ALREADY HAVE THE TRUST OF THE
COMMUNITY THAT THEY CAN BRING.
THEN, IN AN IDEAL WORLD, THE
GROUP WOULD RECEIVE FULL
SCHOLARSHIP TO COME ALTOGETHER
THE STUDENTS WERE YOUTH WILL
COME AND JOIN A LONGER-TERM
CAMP, PERHAPS JOINING A FULL
SEASON OF A RACING TEAM. AND
THEN EVENTUALLY, LIKE DIEGO DID
LAST YEAR, WORK WITH US AND REN
OUR BOATS. NEXT SLIDE, PLEASE.
THE NEXT SLIDE IS ABOUT
COMMUNITY OUTREACH EVENTS. THES
IN PARTICULAR WILL FLEX IN
RESPONSE TO COMMUNITY NEEDS AND
YOU CAN ANTICIPATE THIS WILL BE
A PLACE THAT PERHAPS LAKE
SWIMMING OR INTRODUCTION TO
WATER SAFETY IN THE LAKE
ENVIRONMENT, PARTNERSHIP WITH
SWIM SEATTLE MIGHT EXIST WHERE
IT HASN'T YET BEEN CONCEIVED.
THESE FREE EVENTS WILL TOTAL
$15,000 EACH YEAR. EXAMPLES
INCLUDE WEEKLY RACES,
REFRESHER LESSONS, AND FREE
BARBECUES WE OFFER EVERY SEASON
LIKE I SAID, WE ANTICIPATE
WORKING WITH SWIM SEATTLE TO
PRESENT SOME OF THESE EVENTS I
THE FUTURE. NEXT SLIDE, PLEASE.
THE FINAL SLIDE IN THE PUBLIC
BENEFITS SUMMARY COVERS OTHER
ACTIVITIES. THE LARGEST OF WHIC
IS THE VOLUNTEER EVENTS. OVER
100 ESTIMATED VOLUNTEERS WORK
EACH YEAR TO HELP US CLEAN THE
PUBLIC BEACHES, THE PUBLIC BOAT
RAMPS, PUBLIC PATHWAYS IN THE
PUBLIC PIER DIRECTLY ADJACENT
TO US. AND CONDUCT REPAIRS AND
IMPROVEMENT WITH SPR'S OVERSIGH
AND APPROVAL. THIS VALUE IS
$12,500 USING SPR'S WAGE
CALCULATOR FOR VOLUNTEERS. AN
FINALLY, IN 2024 WE ANTICIPATE
GIVING AWAY $7500 IN BOATING
PASSES PADDLING AND SAILING FO
COMMUNITY GROUPS. TYPICALLY
THESE ARE USED FOR FUNDRAISERS
FOR THOSE ORGANIZATIONS. WE
PRIORITIZE GROUPS WITH
MEASURABLE NEED. MANY OF THESE
OUR EXISTING COMMUNITY PARTNER
GROUPS LIKE OUTDOORS FOR ALL AN
SOLID GROUND. SOME OF WHOM WE
HAVE BEEN WORKING WITH FOR
DECADES. THAT CONCLUDES MY
DETAIL. THANK YOU AGAIN FOR THE
OPPORTUNITY.
>> THANK YOU, SETH. ONE MORE
SLIDE HERE ON PUBLIC BENEFITS
AROUND THE CAPITAL IMPROVEMENTS
AS MENTIONED, THIS AGREEMENT
HAS A SEPARATE SECTION FOR THIS
BECAUSE OF ALL THE REQUIREMENTS
RELATED TO IT. SAIL SAND POINT
WILL HAVE UP TO A 50% MONTHLY
CONCESSION FEE OFFSET FOR
IMPROVING CURRENTLY
INACCESSIBLE PUBLIC ASSETS,
PUBLIC BUILDINGS, THAT WILL
BECOME ACCESSIBLE TO THE PUBLIC
AS I MENTIONED BEFORE, EXHIBIT
C OUTLINES A VERY SPECIFIC SET
OF CATEGORIES FOR WHAT IS
ELIGIBLE FOR THAT OFFSET AND
EVERY PROJECT NEEDS TO GO
THROUGH A REVIEW PROCESS WITH
SEATTLE PARKS AND RECREATION,
STCI, LANDMARKS PRESERVATION
BOARD, IF NEEDED, TO BE
APPROVED AND ELIGIBLE FOR THE
OFFSETS. AS WITH ALL OF OUR
TENANT IMPROVEMENT OPPORTUNITIE
OR PROJECTS OUT HERE AT
MAGNUSON PARK, WE DO HAVE
TRACKING ACCOUNTABILITY PICKED
INTO THE CONTRACT AND ARE
PROCESSES. MOST IMPORTANTLY,
WHEN THE CONTRACT ENDS, WE
ACTUALLY INHERIT ALL OF THOSE
IMPROVEMENTS AND THEY BECOME
CITY PROPERTY. IS THE AP
MENTIONED, THESE IMPROVEMENTS
WILL BE IN THE MILLIONS OF
DOLLARS WE EXPECT, PARTICULARLY
WITH THE BOATHOUSE WHICH IS
BUILDING 31. THE BOATHOUSE IS
CURRENTLY INACCESSIBLE TO THE
PUBLIC BECAUSE OF THE CONDITION
OF THE BUILDING. IT IS OVER
WATER. THE PILINGS NEED REPAIR.
IT'S GOING TO BE A VERY
COMPLICATED PROJECT. THE SAIL
SAND POINT TEAM HAS A LOT OF
MOTIVATION AND DESIRE TO
RENOVATE THAT, NOT JUST FOR
THEIR PROGRAM, BUT FOR PUBLIC
ACCESS AND TO MAINTAIN THE
STRUCTURE WITHIN THE HISTORIC
DISTRICT. WITH THAT, I WILL
HAND IT BACK FOR QUESTIONS.
>> THANK YOU SO MUCH FOR THAT
THOROUGH REPORT BACK AFTER A
PREVIOUS COMMITTEE SESSION. I
APPRECIATE A LOT OF THESE
CLARIFICATIONS AND PUTTING A LO
OF THIS CLEARLY ON THE SLIDES.
ARE THEIR QUESTIONS FROM
COMMITTEE MEMBERS?
>> THANK YOU. I JUST WANT TO
THANK YOU FOR COMING BACK WITH
THE PUBLIC BENEFITS PIECE AND
SHOWING THE OFFSETS . THANKS T
TRACI FOR SENDING OUT THE MEMO
TO LINE UP WITH THE QUESTIONS
WERE. I APOLOGIZE IF YOU FELT
LIKE I WAS TOO HARD ON YOU LAST
TIME. I THINK IT IS ALWAYS
BETTER TO COME BACK AND ANSWER
THOSE QUESTIONS SO WE CAN
RESPOND TO CONSTITUENTS. SO
THANK YOU.
>> THANK YOU, COUNCIL PRESIDENT
AND VIGILANTLY GUARDING OUR
PUBLIC ASSETS IS A BIG PART OF
OUR COMMITTEE WORK. I
APPRECIATE THE PROBING QUESTION
LAST TIME THAT LED TO THESE
GREAT CLARIFICATIONS. ARE THERE
ANY ADDITIONAL --
COUNCILMEMBER HERBOLD ?
>> THANK YOU. LIKEWISE I WANTE
TO THANK YOU FOR PROVIDING
INFORMATION ON THE ACTUAL
RENT, THE MARKET RENT , AND
ALLOWING ME TO COMPARE THE VALU
OF THE PUBLIC BENEFITS
INCLUDING THE IMPROVEMENTS.
THAT WAS VERY HELPFUL
INFORMATION.
>> EXCELLENT. GIVEN THOSE
STATEMENTS FROM COMMITTEE
MEMBERS, JUST TO TAKE A QUICK
POLL, OUR COMMITTEE MEMBERS
READY TO VOTE OR DO WE HAVE
QUESTIONS FOR TRACI BASED ON TH
PRESENTATION? I GUESS WE CAN GO
AHEAD, GIVEN THE LATE HOUR I
WOULD LIKE TO CALL THE QUESTION
IN VOTE IF COMMITTEE MEMBERS
ARE SATISFIED. I WILL MAKE THE
MOTION TO RECOMMEND PASSAGE OF
ORDINANCE 120609. IS THERE A
SECOND?
>> SECOND.
>> MOVED AND SECONDED. WILL THE
CLERK PLEASE CALL THE ROLL ON
RECOMMENDING PASSAGE OF 120609?
>> COUNCILMEMBER HERBOLD.
>> YES.
>> COUNCILMEMBER MORALES.
>> YES.
>> COUNCILMEMBER MORALES.
>> YES.
>> COUNCILMEMBER LEWIS.
>> YES.
>> THE MESSAGE , IT PASSES. I
APPRECIATE EVERYONE INVOLVED AN
I LOOK FORWARD THE FINAL
PASSAGE OF THIS AGREEMENT. WITH
THAT, COMMITTEE MEMBERS, WE
DON'T HAVE ANY OTHER AGENDA
ITEMS. THANK YOU FOR YOUR
INDULGENCE ON THE LONG AGENDA.
IT IS 4:15 P.M. IS THERE
ANYTHING FOR THE GOOD OF THE
ORDER? SEEING NONE, IT IS NOW
4:16 P.M. AND THIS COMMITTEE IS
ADJOURNED.
>> THANK YOU.