Item No:      8a_reso
Meeting Date: October 8, 2019 

1                                               RESOLUTION NO. 3762 
2 
3             A RESOLUTION of the Port of Seattle Commission declaring surplus and no longer
4                                        needed for port district purposes approximately 417,963
5                                        square  feet  (9.6  acres)  of  Port-owned  real  property
6                                        located in the City of SeaTac, King County; and further
7                                        authorizing  the  Executive  Director,  or  his  designee,  to
8                                        finalize  negotiation,  prepare  and  execute  all  necessary
9                                        documents to transfer said real property to WSDOT for
10                                    use  in  the  extension  of  SR-509  in  connection  with
11                                    WSDOT's SeaTac to I-5 Freeway Extension/SR-509 Corridor
12                                    Completion Program Phase I Project. 
13 
14            WHEREAS, the voters of King County, pursuant to the provisions of enabling legislation
15    adopted by the Legislature of the State of Washington, Chapter 92, Laws of 1911, RCW
16    53.04.010, authorized and approved at a special election held in King County on the 5th day of
17    September 1911, the formation of a port district coextensive with King County to be known as
18    the Port of Seattle; and 
19 
20            WHEREAS, the Port of Seattle (the "Port") was thereupon established as a port district
21    and has since been and now is a duly authorized and acting port district of the State of
22    Washington; and 
23 
24            WHEREAS, the Port owns certain real property consisting of approximately 417,963
25    square feet (9.6 acres) located in the City of SeaTac, King County, Washington, with the legal
26    description as set forth on attached Exhibit A together with the improvements thereon
27    (collectively, the "Property"); and 
28 
29            WHEREAS, the State of Washington Department of Transportation ("WSDOT") by letter
30    dated August 7, 2018, has offered to purchase the Property from the Port, under threat of
31    condemnation, for the purchase price of $7,410,000 (the "WSDOT Purchase Offer"), said offer
32    price being determined based on a market value appraisal prepared by Philip L. Brodt,
33    Washington State Certified General Real Estate Appraiser (License No. 1101898) (the "WSDOT
34    Appraisal"); and 
35 
36            WHEREAS, WSDOT intends to utilize the Property as part of the right-of-way for the
37    extension of SR-509 in connection with its SeaTac to I-5 Freeway Extension/SR-509 Corridor
38    Completion Program Phase I project; and 
39 

Resolution No. 3762  WSDOT property surplus SR-509/I-5                                                     Page 1 of 3

40            WHEREAS,  the  Port  has  reviewed  the  WSDOT  Purchase  Offer  and  the  WSDOT
41    Appraisal, including review of a third-party validity assessment of the WSDOT Appraisal
42    prepared by Kidder Mathews, the Port's Member Appraisal Institute (MAI) appraiser; and 
43 
44            WHEREAS,  pursuant  to  Chapter  39.33  of  the  Revised  Code  of  Washington
45    (Intergovernmental Disposition of Property Act) the Port may sell, transfer, exchange, lease or
46    otherwise dispose of real and personal property to the state, any municipality or any political
47    subdivision thereof on such terms and conditions as may be mutually agreed upon by the
48    governing authorities of the participating entities; and 
49 
50            WHEREAS, a resolution declaring the Property surplus to port district needs and no
51    longer needed for port district purposes is a prerequisite to sale of the Property; and 
52 
53            WHEREAS, an official public hearing was held October 8, 2019, after notice of such
54    hearing was duly published as provided by law, to consider whether the Property should be
55    declared surplus to port district needs and no longer needed for port district purposes, and
56    authorization for its sale to WSDOT; and 
57 
58            WHEREAS, the maps and other data regarding the Property proposed for transfer to
59    WSDOT are on file at the offices of the Port's Airport Properties Division; and 
60 
61            WHEREAS, the Port of Seattle Commission has heard from all persons desiring to speak
62    at the public hearing regarding the proposed transfer of the Property; and 
63 
64            WHEREAS, the members of the Port of Seattle Commission have considered the
65    proposed sale of the Property to WSDOT and any comments by members of the public
66    attending the public hearing; 
67 
68            NOW, THEREFORE, BE IT RESOLVED by the Port of Seattle Commission as follows: 
69 
70    Section 1. 
71 
72    The Property, described on Exhibit A attached to this Resolution, is no longer needed for Port
73    purposes and is hereby declared surplus to Port needs. 
74 
75    Section 2. 
76 
77    The Executive Director, or Executive Director's designee, is authorized to finalize negotiation,
78    prepare, and execute all necessary documents to sell the Property to WSDOT for a purchase
79    price of Seven Million Four Hundred Ten Thousand and 00/100 Dollars ($7,410,000). 


Resolution No. 3762  WSDOT property surplus SR-509/I-5                                                     Page 2 of 3

80            ADOPTED by the Port Commission of the Port of Seattle at a duly noticed public meeting
81    thereof,  held this  ______  day  of  _______________________________  , 2019, and duly 
82    authenticated in open session by the signatures of the commissioners voting in favor thereof
83    and the seal of the commission. 
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95                                                       Port of Seattle Commission 













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