Resolution would authorize agreement toward Foss Waterway development project

Tacoma City Council is scheduled Sept. 15 to consider a resolution that would authorize the execution of a Hazardous Substances Indemnification Agreement with the Foss Waterway Development Authority, and Hollander Investments, LLC for property located at 1543 Dock St. Hollander Investments, LLC, is purchasing property located at 1543 Dock St. from Site 4 Foss Waterway, LLC to facilitate redevelopment of properties on Foss Waterway for public and private uses. The City has sought to integrate environmental cleanup and protection into redevelopment of waterway properties and is providing a limited environmental contamination indemnification as a condition of the developer’s acquisition and redevelopment of the property.