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Bothell council approves sale of Lot P South to United Methodist Church and Bridge Housing, 5-2
Summary
The Bothell City Council on Jan. 21 adopted a resolution authorizing a purchase-and-sale agreement that would transfer development rights for Lot P South to Bothell United Methodist Church and partner Bridge Housing for a long-term affordable housing project; the vote was 5-2.
The Bothell City Council voted 5-2 on Jan. 21 to adopt a resolution authorizing the city manager to sign a purchase-and-sale agreement with Bothell United Methodist Church and Bridge Housing for Lot P South in downtown Bothell.
The resolution authorizes a deal in which the city sets the purchase price at $0 in exchange for long-term public benefits. Under the agreement the property would be restricted by an affordable housing covenant for 99 years and must be used for housing affordable at least to households earning 80% of area median income (AMI) or less. The agreement names the church as buyer and Bridge Housing as the developer partner; the packet indicates the development partner will lead fundraising and project development.
City Manager (name listed in the transcript as city manager) told the council the agreement "satisfies the parameters of the letter of intent" negotiated after council direction in May…
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