8c Budget Motion 2018-14
Item Number: 8c_motion Meeting Date: November 27, 2018 Revised November 26, 2018 1 MOTION 2018-14: 2 A MOTION OF THE PORT OF SEATTLE COMMISSION 3 4 directing the Executive Director to set the 2019-2023 5 Capital Improvement Plan CIP Reserve for Maritime and 6 Economic Development at $25 million; designating funding 7 in the 2019-2023 plan of finance for South King County 8 communities, development of sustainable aviation fuels, 9 support for greenhouse gas reduction, efforts to reduce air 10 emissions, and establishment of a pilot program to educate 11 and assist workers at Seattle-Tacoma International Airport; 12 directing the Executive Director to review and recommend 13 updated financial management policies as outlined in 14 Appendix B of the 2019 Port of Seattle preliminary budget 15 document; and establishing deadlines and stipulating 16 budget amounts for 2019 for the above. 17 18 PROPOSED 19 NOVEMBER 27, 2018 20 21 TEXT OF THE MOTION 22 23 Section 1. The Port commission hereby directs the Executive Director set the 2019-2023 24 Maritime and Economic Development Divisions Capital Improvement Plan CIP Reserve at $25 25 million, primarily for unanticipated renewal and replacement needs for existing assets and 26 secondarily, for new investments that offer financial and/or community benefits. 27 28 Section 2. The Port commission hereby directs the Executive Director to take the following 29 actions and designate funding for the purposes described below, provided, the Executive 30 Director may at any time designate appropriate division or department to administer the 31 following expenditures or programs: 32 33 Section 3. Within the funding plan for 2019-2023 there shall be funding, not to exceed $10 34 million, designated for a South King County Support Program, which will be budgeted at 35 $750,000 in 2019, to be used to provide resources and support for Sea-Tac International Airport 36 area communities. 37 38 Specific uses, guidelines, and timelines for the expenditures will be established by commission 39 policy directive in 2019. For purposes of illustration, uses may include support for addressing Motion 2018-14 Fund Designation for 2019-2023 Page 1 of 2 40 airport noise and for other projects that support environmental health and enhance 41 sustainability. 42 43 Section 4. Within the funding plan for 2019-2023 there shall be funding, not to exceed $5 44 million, designated for Sustainable Aviation Fuels and Air Emissions Program, which will be 45 budgeted at $375,000 in 2019, to be used to address development of sustainable aviation fuels 46 at Seattle-Tacoma International Airport and efforts to reduce air emissions. 47 48 Specific uses, guidelines, and timelines for the expenditures will be established by Commission 49 policy directive in 2019. For purposes of illustration, uses may include preparation and 50 implementation of strategies, infrastructure development, and attraction of capital and other 51 resources from state and other entities for the development of sustainable aviation fuels; 52 efforts to reduce air emissions in communities near the airport; and strategies and projects to 53 reduce airport-related greenhouse-gas emissions. 54 55 Section 5. In 2019, up to $531,000 will be allocated for a two-year workforce development 56 pilot program starting in 2019 to educate and assist workers at Seattle-Tacoma International 57 Airport on labor and employment matters. The Executive Director shall develop a request for 58 authorization to solicit proposals for a competitive solicitation process in 2019 for this purpose 59 60 The passing of City of SeaTac Ordinance 13-1020 ("Prop 1" or STMC Section 7.45.010) created a 61 network of benefits and rights unique to the City of SeaTac and different from state statute. 62 This led to an increase in complaints from Prop 1 impacted airport workers concerning wage 63 and other employment compliance and highlighted a lack of understanding of workers' rights 64 under the new ordinance. It is the Commission's intent that this pilot program be designed to 65 address these issues. 66 67 Section 6. The Executive Director shall identify financial management policies as outlined in 68 Appendix B of the 2019 Port of Seattle Preliminary Budget document to be reviewed and 69 updated. Recommendations for updates shall be delivered to the Commission for consideration 70 and approval prior to September 1, 2019. The updated financial management policies will then be 71 incorporated into the Preliminary Budget document for 2020. 72 73 The Executive Director shall also direct the Port's Chief Financial Officer to conduct a review of 74 best-practices and a survey of the management of capital contingencies and reserves by other 75 organizations such as Washington state ports and other public agencies. A recommendation on 76 the use of capital contingencies and reserves shall be delivered to the Commission by September 77 1, 2019. 78 79 The Port of Seattle Preliminary Budget document for 2020 shall include a section titled "Capital 80 Contingencies and Reserves" in that document's financial management policies section. Motion 2018-14 Fund Designation for 2019-2023 Page 2 of 2
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