PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA                      Item No.         6a 
ACTION ITEM 
Date of Meeting      January 14, 2014 
DATE:     January 8, 2014 
TO:        Tay Yoshitani, Chief Executive Officer 
FROM:    Joe McWilliams, Managing Director, Real Estate Division 
SUBJECT:  Second Reading and Final Passage of Resolution No. 3688, surplusing and sale of
a portion of the Eastside Rail Corridor to Snohomish County. 

Net Proceeds to the Port: $5,000,000.00 minus closing costs 
Closing Date: May 30, 2014 

ACTION REQUESTED 
Request Second Reading and Final Passage of Resolution No. 3688: A Resolution of the Port
Commission of the Port of Seattle declaring certain real property located in Snohomish County
(portions of the Woodinville Subdivision) and any improvements located thereon, including the
Snohomish River Bridge, surplus and no longer needed for Port purposes, authorizing its transfer
to Snohomish County and authorizing the Chief Executive Officer to execute all documents
related to such transfer. 
SYNOPSIS 
Commission authorization is requested to proceed with the sale of a portion of the freight section
of the Woodinville Subdivision to Snohomish County. This request is subsequent to the
agreement between the Port, Redmond, King County, Sound Transit, Cascade Water Alliance,
and Puget Sound Energy ("Regional Partners") to share in the costs of the acquisition of the
Woodinville Subdivision rail corridor ("Eastside Corridor"). 
BACKGROUND 
The Port acquired the Eastside Corridor on December 18, 2009, from BNSF Railway. Prior to
finalizing the acquisition, the Port, the City of Redmond, King County, Sound Transit, Cascade
Water Alliance, and Puget Sound Energy ("Regional Partners") agreed that they all had an
interest in obtaining rights to use the Eastside Corridor and share in the cost of acquiring it for
public ownership. This agreement was memorialized in a Memorandum of Understanding dated
November 11, 2009. On February 23, 2010, the Commission authorized a Memorandum of
Understanding between the Regional Partners regarding the appraisal of the Eastside Corridor.
On June 30, 2010, the Port finalized the sale of the Redmond city limits portion of the Eastside
Corridor to the City of Redmond. On December 21, 2010, Puget Sound Energy acquired an
easement over both the freight and railbanked portions of the Eastside Corridor.  On April 11,

Template revised May 30, 2013.

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
January 8, 2014 
Page 2 of 3 
2012, the Port sold to Sound Transit (i) a portion of the Eastside Corridor located within the City
of Bellevue and (ii) a permanent high capacity transportation easement over the railbanked
portion of the Eastside Corridor.  On April 13, 2012, the Port sold to the City of Kirkland that
portion of the Eastside Corridor within the City of Kirkland and a portion within the City of
Bellevue for trail and transportation uses.  On February 12, 2013, the Port sold to King County
(i) the remaining railbanked portion of the Eastside Corridor located within King County and (ii)
a trail easement over portions of the freight segment of the Eastside Corridor located partially in
King County and partially in Snohomish County. 
PURCHASE AND SALE AGREEMENT PROVISIONS 
The key terms of the proposed purchase and sale agreement include: 
Purchase Price. The Port will receive $5,000,000.00 payable in cash, at closing. 
Environmental Release. The County waives, releases and discharges forever the Port
from any and all present or future claims related to environmental conditions in, at, on,
under or originating from the property. 
RESOLUTION NO. 3688 
Resolution No. 3688 provides that the real property located in Snohomish County (portions of
the Woodinville Subdivision) and any improvements located thereon, including the Snohomish
River Bridge, is no longer needed for Port purposes, declares it surplus to Port needs and
authorizes its sale to Snohomish County. The Resolution further delegates to the Port's Chief
Executive Officer the authority to execute all documents necessary to complete the sale of the
property. 
ATTACHMENTS TO THIS REQUEST 
Resolution No. 3688 with Exhibit A 
Exhibit B: Purchase and Sale Agreement 
Acquisition and Disposition PowerPoint_Supp

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
January 8, 2014 
Page 3 of 3 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
November 5, 2009, Port Commission authorized execution of a Memorandum of
Understanding between the Port and the Regional Partners Regarding Acquisition of the
Woodinville Subdivision. 
February 23, 2010, Port Commission authorized a Memorandum of Understanding between
the Regional Partners Regarding Joint Appraisal of the Woodinville Subdivision. 
June 22, 2010, Port Commission authorized the sale of the Redmond city portion of the
Woodinville Subdivision to the City of Redmond. 
December 7, 2010, Port Commission authorized the sale of easement rights on the freight and
railbanked portions of the Woodinville Subdivision to Puget Sound Energy. 
May 24, 2011, Port Commission authorized the sale of approximately one mile of the
Woodinville Subdivision within the City of Bellevue to Sound Transit and further authorized
the grant of a permanent easement to Sound Transit over the Port's railbanked portion of the
Woodinville Subdivision. 
December 13, 2011, Port Commission authorized the Chief Executive Office to execute a
Purchase and Sale Agreement between the Port of Seattle and City of Kirkland for a portion
of the Woodinville Subdivision. 
February 28, 2012, First Reading and Public Hearing of Resolution No. 3659, relating to
surplusing and sale of certain real property (also known as the Eastside Rail Corridor) to the
City of Kirkland (a portion of the Woodinville Subdivision). 
April 3, 2012, Second Reading and Final Passage of Resolution No. 3659, relating to
surplusing and sale of certain real property (also known as the Eastside Rail Corridor) to the
City of Kirkland (a portion of the Woodinville Subdivision). 
January 7, 2014, First Reading and Public Hearing of Resolution No. 3688, relating to
surplusing and sale of certain real property located in Snohomish County (portions of the
Woodinville Subdivision) and any improvements located thereon, including the Snohomish
River Bridge, to Snohomish County.