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Monday, September 18, 2017

City of Lake Forest Park successful bidder for 5.6 acre Seattle Public Utilities land parcels

LFP to acquire 5.6 acres of forest and wetlands
Seattle Public Utilities (SPU) has accepted the City of Lake Forest Park’s $1 million purchase offer for the two undeveloped parcels near the intersection of 40th Place NE and 45th Place NE.
 
Initial funding for acquisition comes from an internal loan paired with grant funding from King County Conservation Futures.

The purchase agreement is contingent on City Council approval.

The properties have an area of 5.6-acres with a dense tree canopy and extensive sensitive areas.

The City’s successful offer is a culmination of a cooperative effort by the City Council, Mayor, Lake Forest Park Stewardship Foundation and conservation-minded residents.



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