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09-01-2020 Old TargetFred Hutchinson Cancer Research Center Lease of Old Target Parking Lot 1 Policy Question Should the City Council approve the Lease of a portion of the former Target property to Fred Hutchinson Cancer Research Center? 2 Mayor’s Recommendation Option 1 History The Fred Hutch/UW Vaccine Trials Unit main location is in Seattle.They will be conducting efficacy studies looking at vaccines to prevent COVID-19. This site will be part of their goal to expand COVID research in additional areas. 3 Financial Impact Fred Hutchinson Cancer Research Center will pay $1,000 per month for lease of this space 4 5 6 Questions