P.O. Box 1209 
Seattle, Washington 98111 
www.portseattle.org 
206.787.3000 
APPROVED MINUTES OF THE 
ANNUAL MEETING OF THE BOARD OF DIRECTORS 
OF THE INDUSTRIAL DEVELOPMENT CORPORATION 
OF THE PORT OF SEATTLE 
March 8, 2016 
The annual meeting of the Board of Directors of the Industrial Development Corporation
(IDC) of the Port of Seattle, Washington, was held on March 8, 2016, during a recess of
the Port Commission regular meeting on the same date, which convened at 12 noon at
Port of Seattle Headquarters, Commission Chambers, 2711 Alaskan Way, Seattle,
Washington. The annual meeting of the Board of Directors of the IDC convened at
3:39 p.m. Directors present included Tom Albro, Stephanie Bowman, John Creighton,
and Fred Felleman. Director Courtney Gregoire was not in attendance.
1.     Approval of Minutes 
Minutes of the IDC meeting of April 14, 2015. 
Motion for approval of the IDC meeting minutes of April 14, 2015  Bowman 
Second  Albro 
Motion carried: 
In Favor: Albro, Bowman, Creighton (3) 
Abstaining: Felleman 
Absent for the vote: Gregoire 
2.     Election of Board of Directors Officers 
ACTION REQUESTED: Request Board approval of the IDC Board of Directors and
Officers for 2016. 
Request documents: IDC memorandum dated February 16, 2016, provided by Scott
Bertram, Supervisor, Corporate Finance and Budget. 

Minutes of April 1, 2014, IDC meeting proposed for approval on April 14, 2015.

Page 2 of 2

Pursuant to the IDC Bylaws, Article 5, Section A, the following is a list of proposed
Board of Directors and Ofcers for 2016:

John Creighton, President
Tom Albro, Vice President
Stephanie Bowman, Secretary
Courtney Gregoire, Assistant Secretary
Fred Felleman, Director

Motion for approval of proposed slate of Directors and Ofcers  Bowman

Second  Albro

Motion carried:

In Favor: Albro, Bowman, Creighton, Felleman (4)

Absent for the vote: Gregoire

3.    Industrial Development Corporation 2015 Annual Report

Presentation documents: IDC memorandum dated February 16, 2016, provided by Scott
Bertram, Supervisor, Corporate Finance and Budget.

Presenter(s): Mr. Bertram.

Without objection, a written report was accepted in lieu of a verbal presentation on the
2015 Annual Report, which was distributed to the Directors prior to the meeting and
posted online for public review. Director Albro commented on his openness to nding
opportunities to use the funds held by the IDC to further the Century Agenda goals of the
Port of Seattle.

4.    Adjournment

There being no further business, the annual meeting of the Board of Directors of the
Industrial Development Corporation of the Port of Seattle was adjourned at 3:45 pm.



FRED FELLEMAN
ASS!STANT $56};
5.72:3 m,