Minutes

Commissioners                                               Tay Yoshitani 
Chief Executive Officer 
Bill Bryant 
Chair and President 
John Creighton                           P.O. Box 1209 
Patricia Davis                           Seattle, Washington 98111 
Lloyd Hara                             www. portseattle.org 
Gael Tarleton                              206.787.3000 

An audio of the meeting proceedings and meeting materials are available on the Port of
Seattle web site - 
http://www.portseattle.org/about/organization/commission/commission.shtml 

(The approximate point in the audio recording for the specific item is identified by
minutes and seconds; example: 01:30.) 
APPROVED MINUTES 
COMMISSION SPECIAL MEETING AUGUST 18, 2009 
The Port of Seattle Commission met in a special meeting at 1:00 p.m., Tuesday, August
18, 2009 in the Commission Chambers at Pier 69, 2711 Alaskan Way, Seattle, WA.
Commissioners Bryant, Creighton, Davis, and Hara were present. Commissioner
Tarleton was absent. 
1.     CALL TO ORDER 
The regular meeting was called to order at 1:07 a.m. by Bill Bryant, Chair and President. 
2.     EXECUTIVE SESSION pursuant to RCW 42.30.110 
None. 
PLEDGE OF ALLEGIANCE 
3.     APPROVAL OF MINUTES 
None. 
4.    SPECIAL ORDER OF BUSINESS 
None. 
5.   (00:01:11) UNANIMOUS CONSENT CALENDAR 

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PORT COMMISSION MINUTES OF THE SPECIAL MEETING 
TUESDAY, AUGUST 18, 2009                           P. 2 
a.  Authorization for the Chief Executive Officer to issue Change Order Number
0066 for the Consolidated Rental Car Facility in the amount of $218,968. 
Request document: Commission agenda memorandum dated August 12, 2009 from
Ralph Graves, Managing Director, Capital Development Division 
Motion for approval of Item 5a  Creighton 
Second: Hara 
Motion carried by the following vote: 
In Favor: Bryant, Creighton, Davis, Hara (4) 
Commission Tarleton was absent for the vote. 
6.   DIVISION, CORPORATE AND COMMISSION ACTION ITEMS 
None. 
7.   STAFF BRIEFINGS 
None. 
8.   NEW BUSINESS 
None. 
9.   POLICY ROUNDTABLE 
a.  (00:02:07) Aviation Division 2010 -2014 Business Plan Overview 
Presentation documents: Commission agenda memorandum dated August 4, 2009 and
computer slide presentation from Mark M. Reis, Managing Director, Aviation Division 
Presenter: Mr. Reis 
Mr. Reis commented on the state of the airline industry in general, noting the fact that we
are in the midst of the worst recession in generations, and commenting that the strength
of the economy is the major driver of travel demand. Specific concerns noted included
the fact that revenue is dropping faster than passenger levels as well as the impact of
higher fuel costs. He stated that major losses since 2001 leave little capability to absorb
additional losses. 
Specifically related to Sea-Tac, strong points that Mr. Reis noted included: 

Aug 18 SM Min

PORT COMMISSION MINUTES OF THE SPECIAL MEETING 
TUESDAY, AUGUST 18, 2009                           P. 3 
A diverse mix of carriers 
It is a strong origin and destination base 
Puget Sound has a reasonably balanced economic base compared to other areas 
Alaska Airlines, the largest carrier at the Airport, has a strong cash position 
A preliminary enplaned passenger forecast was reviewed, and Mr. Reis commented that
there would likely be no sharp rebound and that there would not be a typical recovery.
He stated that a flat forecast was being maintained for 2010. 
Two overriding goals for Sea-Tac were noted, those being to 1) Manage airline costs, and
2) Increase non-aeronautical Net Operating Income.
Mr. Reis reviewed the history of cost per enplanement (CPE) at Sea-Tac, noting the the
main reason of CPE growth has been due to capital spending, and stating that the
challenge for 2010 is that most 2009 budget cuts were not sustainable. 
Challenges of Operating and Maintenance (O&M) costs were reviewed, and included: 
Square footage of terminal 
Amount of airfield pavement 
Lineal feet of baggage system 
Number of elevators and escalators 
Other challenges reviewed by Mr. Reis were related to CIP and debt service and well as
capital spending needs. He spoke of the importance of maintaining the operational
integrity of the facility and equipment, which requires ongoing investment. He also
noted that capital costs drive increases to the CPE, and it is a challenge to strike the right
balance. 
Ways in which the Airport hopes to restore and develop non-airline revenues were noted,
and included the following areas: 
Public parking  new products and innovative services to win back customers 
Increasing advertising 
Developing advertising on Port's Wi-Fi home page and website 
Expanding array of products and services in the area of Concessions 
Continuing work on property development 
Mr. Reis noted the possibility of two 'game changers' that could have an effect on the
numbers calculations provided in this presentation; those being if enplanements go up
faster than currently anticipated and if there is a PFC (passenger facility charge) increase. 
Commissioner Davis commented that it is an important thing for the public is that staff is
paying attention to the details noted in today's presentation and reporting out on them. 

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PORT COMMISSION MINUTES OF THE SPECIAL MEETING 
TUESDAY, AUGUST 18, 2009                           P. 4 

10. ADJOURNMENT 
There being no further business, the meeting was adjourned at 2:40 p.m. 
(A digital recording of the meeting is available on the Port's website) 

Lloyd Hara 
Secretary 















Aug 18 SM Min

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