PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.      4b 
ACTION ITEM 
Date of Meeting     August 19, 2014 
DATE:    August 12, 2014 
TO:      Tay Yoshitani, Chief Executive Officer 
FROM:   Giuseppe Alvarado, Manager, Harbor Business and Operations, Recreational
Boating 
Steve Miller, Capital Project Manager 
SUBJECT:  Shilshole Bay Marina A-dock finger pier replacement (CIP #C800537) 
Amount of This Request:    $60,000   Source of Funds:  2007A Bond Proceeds 
Est. Total Project Cost:     $322,000 
ACTION REQUESTED 
Request Commission authorization for the Chief Executive Officer to complete design and
installation of the replacement of A-dock finger float serving slips 11 and 12 at Shilshole Bay
Marina (SBM). T he amount of this request is $60,000, for a total estimated project cost of 
$322,000. 
SYNOPSIS 
SBM A Dock Replacement was originally expected to cost less than the $300,000 threshold
requiring Commission authorization per Resolution No. 3605 as amended by Resolution No.
3628. Due to higher than expected procurement costs and additional scope, the project is now
likely to exceed $300,000. This project will restore service capacity at lower A-dock by
replacing the finger float serving dock slips 11 and 12. These slips provide moorage for large
boats and generate significant revenue. The project is scheduled to be completed for occupancy
by October 1, 2014. 
BACKGROUND 
Service issues with the existing 100 ft. float at A-dock led to design efforts in late 2013 to
replace the float. Initial advertisement to procure the float led to a single bid received at
approximately double the Engineer's Estimate, which was subsequently rejected. During
repackaging of the bid documents, the condition of the float was an ongoing safety concern and
led to its demolition and removal. After discussions with manufacturers on how to economize the
design, the float procurement was re-advertised and again received only one high bid, slightly
lower reflecting the removal of demolition work. To restore lost service and revenue at SBM
without further delay, the bid was accepted and the Contract awarded to Bellingham Marine
Industries, Inc. (BMI).  Analysis of total estimated project costs later revealed multiple

Template revised May 30, 2013.

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
August 12, 2014 
Page 2 of 4 
incremental increases in materials and services needed to complete testing, inspection, and
installation of the float. 
This project is currently on schedule to have the float constructed, inspected, delivered, fully
installed and operational by October 1, 2014. 
PROJECT JUSTIFICATION AND DETAILS 
Project Objectives 
Replacement of A-dock finger pier float and associated revenue. 
Scope of Work 
The fabrication, delivery and installation of a new replacement float at A-dock, measuring
approximately 100 ft. x 6 ft., to match previous existing float dimensions with new power centers
and communication utilities. The new float will have an estimated 50-year service life. 
Schedule 
The project schedule through design and construction efforts to date and through anticipated
completion are as follows: 
Preliminary Design & Planning                 August-October 2013 
Initial bid for Construction                       November 2013 
Demolition of Float                          January 2013 
Second bid for Construction                     March 2014 
Float submittal phase complete                   July 2014 
Fabrication / Delivery / Assembly of Floats           August 2014 
Installation of Float Utilities / Final Acceptance         September 2014 
Substantial Completion                       October 2014 
FINANCIAL IMPLICATIONS 
Budget/Authorization Summary              Capital     Expense   Total Project 
Original Budget                       $262,000          $0     $262,000 
Previous Authorizations                       $0          $0          $0 
Current request for authorization              $60,000          $0       $60,000 
Total Authorizations, including this request      $322,000          $0      $322,000 
Remaining budget to be authorized               $0          $0          $0 
Total Estimated Project Cost               $322,000          $0     $322,000 
Project Cost Breakdown                     This Request       Total Project 
Construction                                 $42,000          $223,000 
Construction Management                       $1,000           $6,000

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
August 12, 2014 
Page 3 of 4 
Design                                    $15,000           $25,000 
Project Management                          $12,000          $46,000
Environmental / Contract Admin                  -$10,000           $10,000 
Permitting                                      $0            $1,000 
State & Local Taxes (estimated)                        $0           $11,000 
Total                                        $60,000           $322,000 
Budget Status and Source of Funds 
This project was included in the 2014 Plan of Finance under CIP #C800537, RE 2013 Small
Projects for a total cost of $200,000. The additional $122,000 required to fund this project will
come from below budgeted spending on other capital projects such as FT C15 Building
Subsidence. 
This project will be funded by 2007A Revenue Bond proceeds. 
Financial Analysis and Summary 
CIP Category     Renewal/Enhancement 
Project Type      Renewal & Replacement 
Risk adjusted    7% 
discount rate 
Key risk factors     Future revenues could be less than currently expected. 
Actual costs could exceed the current estimates. 
Project cost for    $322,000 
analysis 
Business Unit     Harbor Services  Recreational Boating 
(BU) 
Effect on business  Estimated impact on Net Operating Income (NOI) and NOI after
performance     Depreciation for years 2014 through 2018 is shown below. 
NOI (in $000's)          2014   2015    2016    2017    2018
NOI               $8   $31   $28   $32    $28
Depreciation            ($2)    ($6)    ($6)    ($6)     ($6)
NOI After Depreciation       $6    $24     $21     $25     $22
IRR/NPV        NPV   IRR   Payback
(in $000's)          (in years)
$80    6.8%     11

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
August 12, 2014 
Page 4 of 4 
STRATEGIES AND OBJECTIVES 
This work supports the Harbor Services' strategy of maintaining assets to meet market demands
and provide compelling value to customers. 
ALTERNATIVES AND IMPLICATIONS CONSIDERED 
Alternative 1)  Provide $60,000 additional funding to complete the project and restore service 
and revenue stream associated with the A-dock finger float 11/12. This is the
recommended alternative. 
Alternative 2)  Stop progress on the project. Float components will be inventoried for future
use or sale. SBM to continue to operate the marina without float 11/12, as is
currently being done. This alternative would negatively impact SBM by
decreasing revenue due to continued loss of float moorage fees and resulting in
less service to large boat owners. This is not the recommended alternative. 
ATTACHMENTS TO THIS REQUEST 
PowerPoint slide  A-dock Finger Pier 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
None