Unknown Seller at Tacoma Public Utilities

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This document outlines a new 20-year franchise agreement between the City of Tacoma Department of Public Utilities, Light Division (Tacoma Power) and the City of Fife. The agreement enables Tacoma Power to continue providing electric service within Fife boundaries, superseding a previous agreement that expired on October 23, 2023. Key provisions include an administrative fee paid by Tacoma Power to the City of Fife, set at 6% of gross revenues from customers within Fife, and detailed terms regarding rights-of-way, facility relocation, indemnification, and insurance.

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This document outlines the approval process and terms for a new 20-year nonexclusive franchise agreement between Tacoma Power (City of Tacoma, Department of Public Utilities, Light Division) and the Town of Steilacoom for continued electric service. The Public Utility Board of the City of Tacoma is resolving to approve the agreement authorized by Steilacoom's Ordinance 1702, which replaces the expired Ordinance 1334. The new agreement grants Tacoma Power the right to construct, maintain, operate, and repair an electrical light and power system within the Town of Steilacoom's public rights-of-way, effective September 8, 2024. Key provisions include mutual benefits, waiver of permit fees, non-competition clauses, and a payment structure where Tacoma Power pays the Town 6% of its total gross revenues from electric utility service customers within the Town.

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This document outlines a proposal for a new five-year lease agreement for the South Intermodal Yard (SIM) Facility between Tacoma Rail (seller) and the Port of Tacoma (NW Seaport Alliance) (lessee). The proposed lease term is from 2025 to 2030, with a rent of $100,000 per month, plus an 8% cost recovery fee and annual CPI adjustments. The document emphasizes that this new lease is a strictly real estate transaction, distinguishing it from a previous lease that included a volume incentive program. It also provides historical context, an overview of the SIM facility, details of the previous lease, an appraisal process, and a timeline for public board and city council considerations for approval in June/July 2025.

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This contract outlines the no-cost transfer of the surplus property at 1801 North Orchard Street from the City of Tacoma (d.b.a. Tacoma Power) to Tacoma/Pierce County Habitat For Humanity. The transfer is for the purpose of developing affordable housing, as mandated by RCW 39.33.015, with a 50-year covenant requiring its use for public benefit. The buyer, Tacoma/Pierce County Habitat For Humanity, has committed to commencing construction by October 1, 2026, and completing it by December 31, 2028, to build cottage-style housing with a minimum of three units, ensuring at least 25% are for households at or below 50% Area Median Income, with one unit targeted below 50% AMI. The consideration for the property is defined as the public benefit and the buyer's obligations, rather than a monetary payment.