RESOLUTION No. 3674


A RESOLUTION of the Port Commission of the Port of Seattle declaring certain
personal property surplus (Port of Seattle Cranes No. 65, 67, 80,
81, 82 and related spare parts) for the Port of Seattle purposes;
authorizing its sale to Total Terminals International LLC; and
authorizing the Chief Executive Ofcer to execute all documents
related to such sale or disposal.

WHEREAS, the Port of Seattle ("Port") has owned the personal property described as
Paceco Cranes, S/Ns 1354 and 1472, P.O.S. No. 65 and 67, respectively and Zhenhua Port
Machinery Company (ZPMC) Cranes, S/Ns J101A-1, J101A-2 and J101A-3, P.O.S. No. 80, 81
and 82, respectively, and related spare parts; and

WHEREAS, the Port Commission on December 11, 2012, authorized the sale of these
cranes and spare parts to Total Terminals International LLC ("TTI") pursuant to the terms of the
Thirteenth Amendment to the TTI lease; and

WHEREAS, The Thirteenth Amendment to the TTI lease was executed by the parties on
December 26, 2012; and

WHEREAS, said property is no longer needed for its intended purpose, or other
purposes of the Port; and

WHEREAS, pursuant to Section 53.08.090 of the Revised Code of Washington, the Port
Commission may declare surplus any personal property no longer needed for Port purposes and
authorize its sale or other disposal;

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

Section 1: Paceco Cranes: S/N 1354, P.O.S. No. 65, and S/N 1354 1472, P.O.S. No. 67,
and ZPMC Cranes: S/N J101A-1, P.O.S. No. 80, J101A-2, P.O.S. No. 81, and J101A-3, P.O.S.
No. 82, and related spare parts, are no longer needed for Port purposes, and it is in the best
interest of the Port that said property be sold or disposed in accordance with the terms of the
Thirteenth Amendment to the Port's lease with TTI at Terminal 46.

Section 2: As ofNovember 30, 2012, the remaining net book value for the Paceco Crane
P.O.S No. 65 and 67 and ZPMC Crane P.O.S. No. 80, 81, 82, and related spare parts are
approximately:


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Container Cranes:
Crane 65, Paceco (s/n 1354)               $ 8,924
Crane 67, Paceco (s/n 1472) -
Crane 80, ZPMC (s/n J101A-1)            $ 3,184,529
Crane 81, ZPMC (s/n J101A-2)            $ 3,184,709
Crane 82, ZPMC (s/n J101A-3)            $ 3,184,709
Subtotal - Container Cranes:               $ 9,562,872

Crane Equipment:
Crane Hook 190                    $ 31,748
Heavy Lift Container Beam -
Replacement ZPMC gearboxes (3) -
Spreader Beam Trailer -
Crane Lifting Beam 165                 $ 7,142
Crane Lifting Beam 166                $ 3,743
Crane Lifting Beam 177                $ 38,566
Crane Lifting Beam 178                 $ 38,357
Crane Lifting Beam 179                $ 39,366
Crane Lifting Beam 182                $ 39,366
Crane Lifting Beam 183                 $ 39,871
Crane Lifting Beam 185                 $ 126,993
Crane Lifting Beam 186                $ 126,993
Crane Lifting Beam 187                $ 126,993
Crane Lifting Beam 188                 $ 126,993
Crane Lifting Beam 189                $ 126,993
Subtotal - Crane Equipment:               $ 873,123

Total NBV of items to be surplused:          $10,435,996

Section 3: The Chief Executive Ofcer is authorized to take all necessary steps, and
execute all necessary documents, to arrange for the sale or other disposal of said property to TTI
in accordance with the terms of the Thirteenth Amendment to the lease with TTI.






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ADOPTED by the Port Commission of the Port of Seattle this  5*"    day of
1;, hmev 4           and duly authenticated in open session by the signatures of the
, 2013,
Commissioners voting in favor thereof and the seal of the Commission.


I
ROB HOLLAND


Bill. BEW'ANT


TOM ALBRO






Port Commission









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