RESOLUTION NO. 3692

A RESOLUTION   of the Port Commission of the Port of Seattle
declaring certain real property located in the Cities
of Woodinville and Bothell in King County (portions
of   the   Woodinville   Subdivision)   and   any
improvements located thereon surplus and no longer
needed for Port purposes, authorizing its transfer to
the City of Woodinville, and authorizing the Chief
Executive Ofcer to execute all documents related to
such transfer.

WHEREAS, the voters of King County, pursuant to the provisions of enabling
legislation adopted by the Legislature of the State of Washington, Chapter 92, Laws of 1911,
RCW 53.04.010, authorized and approved at a special election held in King County on the 5th
day of September 1911, the formation of a port district coextensive with King County to be
known as the Port of Seattle; and

WHEREAS, the Port of Seattle was thereupon established as a port district and has since
been and now is a duly authorized and acting port district of the State of Washington; and

WHEREAS, the Port owns the real property described on attached Exhibit A (the
"Property") and all improvements thereon, consisting primarily of railroad tracks and ties (the
"Improvements"); and

WHEREAS, on November  5,  2009,  the  Port entered  into  a Memorandum  of
Understanding (the "MOU") with King County, Sound Transit, Cascade Water Alliance, Puget
Sound Energy and the City of Redmond ("Regional Partners") setting forth the mutual
understanding of the parties for the completion of future transactions where the Regional
Partners would purchase from the Port interests in the Woodinville Subdivision and thus share in

the cost of acquiring it; and

WHEREAS, on June 30, 2010, the City of Redmond acquired the portion of the
railbanked segment of the Woodinville Subdivision located in the City of Redmond; and

WHEREAS, on December 20, 2010, Puget Sound Energy acquired an easement over
both the freight and railbanked portions of the Woodinville Subdivision; and

WHEREAS, on April 11, 2012, Sound Transit acquired (i) a portion of the railbanked
Woodinville Subdivision located within the City of Bellevue and (ii) a permanent high capacity
transportation easement over the railbanked portion of the Woodinville Subdivision; and

WHEREAS, on April 13, 2012, the City of Kirkland acquired (i) a portion of the
railbanked Woodinville Subdivision located in the City of Kirkland and (ii) a portion of the

railbanked Woodinville Subdivision located within the City of Bellevue; and

WHEREAS, on February 12, 2013, King County acquired (i) a portion of the railbanked
Woodinville Subdivision located between the City of Woodinville and the City of Renton and

between the City of Woodinville and the City of Redmond and (ii) a permanent easement over a
portion of the freight segment of the Woodinville Subdivision for recreational trail uses; and

WHEREAS, on January 14, 2014, the Port Commission adopted Resolution No. 3688,
authorizing  the  surplus  of the  freight portion  of the  Woodinville  Subdivision  located  in
Snohomish County and further authorizing its sale to Snohomish County; and

WHEREAS, pursuant to Chapter 39.33 of the Revised Code of Washington
(Intergovernmental Disposition of Property Act) the Port may sell, transfer, exchange, lease or
otherwise dispose of real and personal property to the state, any municipality or any political

subdivision thereof on such terms and conditions as may be mutually agreed upon by the
governing authorities of the participating entities; and

WHEREAS, the maps and other data regarding the Property proposed for transfer to the

City of Woodinville are on le at the ofces of the Port's Real Estate Division; and

WHEREAS, the Port of Seattle Commission has heard from all persons desiring to speak
at the public hearing regarding the proposed property transfer; and

WHEREAS, the members of the Port of Seattle Commission have considered the
proposed property sale and any comments by members of the public attending the public
hearing.

NOW, THEREFORE, BE IT RESOLVED by the Port Commission of the Port of Seattle
that:

Section 1.     The  Property,  described on  Exhibit A  attached  to  this  Resolution,  and
Improvements thereon are no longer needed for Port purposes and are declared surplus to Port
needs.

Section 2.    The Chief Executive Ofcer is authorized to take all steps and execute all

documents necessary to sell the Property and Improvements to the City of Woodinville for a

purchase price of One Million One Hundred Thousand Dollars ($1, 100,000).

ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting
thereof, held this all  day of   C3115       , 2014, and duly authenticated in open session by
the signatures of the Commissioners voting in favor thereof and the seal of the Commission.
if // STEPHANIE BOWMAN                            a
COURTNEY GREGGiRE
/ K
/,        BILL 32mm

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