8a Draft Resolution 3762
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. 84 85 86 87 88 89 90 91 92 93 94 95 Port of Seattle Commission Resolution No. 3762 WSDOT property surplus SR-509/I-5 Page 3 of 3
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