RESOLUTION NO. 3675

A RESOLUTION    of the Port Commission of the Port of Seattle
declaring four parcels of certain real property
located at: 28th Avenue and 200th Street, and
on 28th Avenue south of 200th Street, SeaTac,
Washington, to be surplus and no longer
needed  for  port  district  purposes  and
authorizing the Chief Executive Ofcer to
execute  all  documents  necessary  for
conveyance of the title to and sale of the real
property to Sound Transit.

WHEREAS, on May 22, 2012, the Port of Seattle Commission approved the South Link
Light Rail Agreement with Sound Transit to establish the real property, nancial design and
construction arrangements for the construction of the South Link Project and authorized the

Chief Executive Ofcer to execute all necessary documents to effectuate that agreement; and

WHEREAS, supporting the South Link Project will provide a long-term solution in
regional transportation by expanding the existing Link Light Rail access to the Airport and
enabling the region to continue to receive the economic benet of Link Light Rail; and

WHEREAS, Sound Transit has identied four parcels of real property, ("Property") two
ofthe parcels are located at 28th Avenue S. and 200th St. in SeaTac, WA and two ofthe parcels

are located south of 200th on 28th Avenue in SeaTac, WA that are owned by the Port and that

Sound Transit needs for the construction of the South Link Project; and

WHEREAS, the Property is described on attached Exhibit A; and

WHEREAS, the Property has been appraised to determine the fair market value; and

WHEREAS, the appraised value of each ofthe four individual parcels that comprise the
Property are: $2,383,000 (two remnant parcels in #042204936) and $1,010,000 (two parcels -
#3445000095 and 3445000098), for a cumulative appraised total of $3,393,000.

WHEREAS, Chapter 39.33 ofthe Revised Code of Washington provides that the Port

may "sell, transfer, exchange, lease or otherwise dispose ofany property   to the state or any
municipality or any political subdivision thereof . .. on such terms and conditions as may be
mutually agreed upon ..."; and

WHEREAS, the Property described in Exhibit A are no longer needed by the Port and
can be declared surplus; and

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

Section 1.    The four parcels of real property described on exhibit A attached to this

Resolution is no longer needed for Port purposes and is declared surplus.

Section 2.    The four parcels of real property described in exhibit A has a cumulative

estimated fair market value of $3,393,000.

Section 3.    Pursuant to Chap. 39.33 RCW, the Chief Executive Ofcer is authorized

to take all steps and execute all documents necessary to convey title to the real property

described in exhibit A to Sound Transit.

ADOPTED by the Port Commission ofthe Port of Seattle at a duly noticed meeting
thereof, held this '5 ""' day of Maw; h        and duly authenticated in open session by the
, 201_5_,
signatures of the Commissioners voting in favor hereo' nd the seal of the Commission.

Sim. SERVE???

TOM ALBRO




l
" _ "Q  ROB HOLLAND

Port Commissioriers

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