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First run this in terminal from the root drupal folder:
 php ./scripts/password-hash.sh NewPassword

This will return:
password: NewPassword 		hash: $S$DtTRixJrMgXzrdlTR/BuAOclI0uWhrc7bOgVfiwoNrRJt01CgGIf

Then run this query in Sequel Pro:
UPDATE users SET pass = '$S$DtTRixJrMgXzrdlTR/BuAOclI0uWhrc7bOgVfiwoNrRJt01CgGIf' WHERE uid = 1;

Then login using the admin username and NewPassword as the password