RESOLUTION NO. 3685, as amended

A RESOLUTION of the Port Commission ofthe Port of Seattle adopting the
nal budget ofthe Port of Seattle for the year 2014; making,
determining, and deciding the amount oftaxes to be levied
upon the current assessment roll; providing payment of bond
redemptions and interest, cost of future capital improvements
and acquisitions, and for such general purposes allowed by law
which the Port deems necessary; and directing the King
County Council as to the specic sums to be levied on all of
the assessed property of the Port of Seattle District in the Year
2014.

WHEREAS, the Port of Seattle Commission, on the 24th day of October, 2013, prepared the
preliminary budget of the Port of Seattle for the year 2014 and provided for the publication of Notice of
Budget Hearing on the adoption of said budget, to be heard on the 5th day ofNovember, 2013, when
taxpayers might appear and present objections to said preliminary budget; and

WHEREAS, a public hearing on said preliminary budget was held in the office ofthe Port
Commission, pursuant to notice duly given, in the City of Seattle, County of King, State of Washington,
on the 5th of November, 2013, at 2 pm; and

WHEREAS, all parties present were afforded a ill opportunity to present objections to the
preliminary budget, and the Port Commission being duly advised in the premises; and

WHEREAS, the King County Assessor has notied the Commissioners of the Port of Seattle on
November 12, 2013 that the regular levy assessed value of the property lying within the boundaries of

said district for the year 2014 is $339,442,789,409 (alter omitted assessments).

NOW, THEREFORE, BE IT RESOLVED, by the Port Commission ofthe Port of Seattle that
the preliminary budget of the Port of Seattle for the year 2014, as presented at the aforementioned hearing

and subsequently amended, is hereby adopted as the nal budget ofthe Port of Seattle for the Year 2014;

and

BE IT FURTHER RESOLVED, that the amount oftaxes to be levied by the Port of Seattle on

the current assessment rolls to provide for payment of bond redemption and interest on the Port of Seattle

General Obligation Bonds, for Jture expenditures for acquisitions and capital improvements and for such
general purposes allowed by law which the Port deems necessary be set and deposited is $73,000,000;
and

BE IT FURTHER RESOLVED, that the King County Council, State of Washington, be

notied that the specic sum herein mentioned being a total of $73,000,000 is necessary to be raised by

taxation to meet the payment of bond redemption and interest on Port of Seattle General Obligation
Bonds, of future expenditures for acquisitions and capital improvements, and of costs for such general
purposes allowed by law which the Port deems necessary, as set forth for the period January 1, 2014 and
thereaer; that said King County Council be respectfully requested to make a levy in said amount for the
aforesaid purposes; and

BE IT FURTHER RESOLVED, that the above is a true and complete listing of levies for said

District for collection in the year 2014 and they are within the maximums established by law.

ADOPTED by the Port Commission of the Port of Seattle at a regular meeting held this ll+hday

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2013, and duly authenticated in open session by the signatures of the
Commissioners voting in favor thereof and the seal of the Co n iss' n.