Commissioners                                              Tay Yoshitani 
Chief Executive Officer 
Bill Bryant 
Chair and President 
Tom Albro                         P.O. Box 1209 
John Creighton                    Seattle, Washington 98111 
Rob Holland                       www. portseattle.org 
Gael Tarleton                          206.787.3000 

Audio and video recordings of the meeting proceedings, as well as 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  Please note that the audio for the August 17 meeting is in three
parts, and is noted as such within the minutes) 
APPROVED MINUTES 
COMMISSION SPECIAL MEETING AUGUST 17, 2010 
The Port of Seattle Commission met in a special meeting at 9:00 a.m., Tuesday, August 17, 2010 
in Commission Chambers, Pier 69, 2711 Alaskan Way, Seattle, WA. Commissioners Albro,
Bryant*, Creighton, and Tarleton were present. Commissioner Holland was absent. 
1.     CALL TO ORDER 
The special meeting was called to order at 9:09 a.m. by Gael Tarleton, Vice-Chair and Vice-
President. 
PLEDGE OF ALLEGIANCE 
3.     APPROVAL OF MINUTES 
Motion for approval of the minutes of the June 8, 2010 regular meeting  Creighton 
Second  Albro 
Motion carried by the following vote: 
In Favor: Albro, Creighton, Tarleton (3) 
Commissioners Bryant and Holland were absent for the vote 
4.     SPECIAL ORDER OF BUSINESS 

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a.  (00:03:10  audio part one) 2010 Port of Seattle Awards 
*Commissioner Bryant was present from this point forward. 
Presentation document: Commission agenda memorandum dated August 10, 2010 from Jane
Kilburn, Director, Public Affairs 
Presenter: Mr. Yoshitani 
Mr. Yoshitani provided brief background information on the following awards received by the Port
of Seattle in 2010 from outside organizations: 
American Association of Port Authorities (AAPA) 
o  2010 Comprehensive Environmental Management Award 
o  Award of Excellence  Annual Report to the Community 2008-2009 
o  Award of Merit  Environmental Annual Report 2009-2010 
o  Award of Merit  Employee Intranet site Compass 
Association of Public Treasuries  Certificate of Excellence 
Editors' Choice Awards 2010 Best Airport for Concessions  SmarterTravel.com 
Government Finance Officers Association Distinguished Budget Presentation Award 
2010 Transportation Comprehensive Security Administration Audit 
Port staff was acknowledged for their involvement in each of these award-winning areas, and there
was a photo opportunity for them with Mr. Yoshitani and the Commissioners. 
5.   UNANIMOUS CONSENT CALENDAR 
None. 
6.   DIVISION, CORPORATE AND COMMISSION ACTION ITEMS 
None. 
7.   STAFF BRIEFINGS 
a.  (00:24:34  audio part one) 2011 Budget  Key Assumptions and Guidelines Discussion 
Presentation documents: Commission agenda memorandum dated July 27, 2010 and computer
slide presentation from Dan Thomas, Chief Financial and Administrative Officer and Michael Tong,
Corporate Budget Manager 
Presenters: Mr. Thomas and Mr. Tong 

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Mr. Thomas stated that at today's briefings, staff hopes to have conversations which will help
provide context for understanding the connection of the business plans to the capital plans, noting
that as part of the presentation the budget process calendar will be reviewed. He also provided
background information related to where we have been financially over the past two years, and
reviewing some of the proactive steps which were taken to address the economic situation. He
called out the fact that the year-end financial report for 2009 reflected that the operating expenses
were $28 million below budget for the year, due in large part to intentional efforts on the part of
staff to reduce costs. 
Commissioner Albro stressed the importance of looking at fundamental budgeting assumptions
throughout the budgeting process.
Mr. Thomas noted that due to current economic conditions and uncertainty, staff will be taking a
relatively conservative baseline approach to the 2011 budget, with a continued focus on managing
operating and maintenance (O&M) costs, and stated that the process will incorporate Commission
guidance and questions are welcomed by staff. 
Related to payroll assumptions, Mr. Thomas stated that in response to Commission requests, staff
will be reviewing alternative options to salary increases and market data will be looked at to help in
arriving at recommendations. He also noted that there will be separate discussions regarding both
represented and non-represented employees. 
Commissioner Albro requested that staff look at what it would look like if aggregated payroll costs
were flat. He noted the importance of looking at both merit-based increases and COLA (Cost of
Living) increases. He stated that he would like to see, in the budget, an alternative that would have
zero growth in total aggregated payroll costs, including all loading, and then could look at options
for making changes. 
Commissioner Tarleton stated that related to payroll, she would like to know what the relative
relationship is between the represented and the non-represented employees, in order to
understand the impact on the total workforce. 
Commissioner Creighton agreed with comments that there should be a sense of parity between the
represented and non-represented employees. 
Mr. Thomas stated that staff will return with revised information which will show the implications if
the proposed budget is flat. Commissioner Albro requested that a number of choices be created in
order to discuss options. 
Commissioner Tarleton noted that it would be valuable to understand the actual payroll base, 
which would include the total cost of employing staff, not only payroll and benefits.
Mr. Thomas noted the following assumptions to the preliminary operating budget at this point: 
Modest increase in payroll costs 
Conservative baseline budget 

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Some short-term cost increases due to deferred maintenance at existing facilities and 
certain new initiatives focused preparation for future growth 
Mr. Tong reviewed the remaining 2011 budget calendar for the year as follows: 
August 
o 2010 budget guidelines released 
o Commission briefing on Q2 performance 
o Briefings to Commission on division business and capital plans 
o Commission briefing on budget assumptions 
September 
o Prepare preliminary operating and capital budgets 
o Internal budget reviews by each department and division 
o Executive preliminary budget reviews 
o Commission briefings on capital budgets (9/28) 
A brief recess was called at 10:03 due to a lack of quorum, and the meeting was reconvened at
10:05. 
Mr. Tong continued his review of the budget calendar: 
October 
o Commission briefings on division operating budgets (10/5) 
o Preliminary budget document available to the Commission on October 19 
o Commission briefing on draft plan of finance (10/26) 
o Release of 2011 preliminary budget and draft plan of finance document to the public
(end of month) 
November 
o First reading of budget resolution (11/9) 
o Second reading and final passage of budget resolution (11/23) 
December 
o File statutory budget (12/2) 
o Release 2011 final budget and draft plan of finance document by 12/15 
Commissioner Albro suggested that it might be advisable to have an opportunity for additional
public discussion of budget assumptions. 
b.  (00:02:19  audio part two) 2011 Budget  Aviation Business and Capital Plans 
Presentation documents: Commission agenda memorandum dated July 27, 2010 and computer
slide presentation from Mark M. Reis, Managing Director, Aviation Division 
Presenter: Mr. Reis 
Mr. Reis stated that the Airline industry, as a whole, continues to look up, and most airlines had
significant profits for the second quarter of the year, due in large part to cost-cutting measures they

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have taken and the discipline they have demonstrated. He also noted that, locally, Alaska Airlines
reported record second quarter earnings. 
Mr. Reis then provided current information of the 2010 enplanements at the Airport, noting that
they are currently on the increase, and that load factors remain high.
The following information was reported by Mr. Reis on the State of Sea-Tac Airport: 
The recession has resulted in a drop in passengers and a drop in passenger spending, not
only at Sea-Tac, but nationwide 
To mitigate impacts, steps taken by Sea-Tac have included deferred capital spending,
cutting operating costs, and eliminating over 10% of FTEs 
Non-aeronautical net operating income has dropped, but debt service coverage remains
well above the 1.25x target 
Cost cutting measures have been successful and the 2009 cost per enplanement (CPE)
was the lowest since 2004 
Mr. Reis then provided more specific information related to the following areas: 
Enplaned Passengers 
o Declining passenger levels at Sea-Tac have been modest in comparison to most
other airports 
o June and July have seen positive enplanement growth 
Operating Costs 
o O&M costs for 2010 anticipated to be below those of 2008 
o Importance of recognizing that most operating costs are not tied to passenger
levels; rather, they are driven by facilities expenses 
Non-aeronautical net operating income (NOI) 
o Highest impact has been in public parking 
o Expect to regain non-aero revenue peak within 2-3 years 
o Public parking gross revenue up in June and July 
o Forecast that sales per enplanement for primary concessions will be up 3% over
2009 
Cost Per Enplanement (CPE) 
o CPE has been lower than 2005 forecast in every year since then 
Cash, Debt Service Coverage 
o Unrestricted cash has been managed to exceed the target of 10 months of O&M
costs each year 
o In spite of deep recession, Sea-Tac has maintained debt service coverage well
above the 1.25x target 
** Commissioner Tarleton was excused from the meeting from this point forward 


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Mr. Reis then continued by reviewing Key Considerations moving forward: 
Continued strong financial situation 
Rate of growth of economy, along with the demand for travel and related parking 
CPE, which is slowly edging downward 
Continued growth in international travel 
Major capital requirements 
Long-term planning issues, and the need to address things which have been deferred 
Technology  capacity and customer service 
Planning for the future: 
o Must focus on preparing for the future, after three years of crisis management 
o Airline industry is more stable and preparing for modest growth, with healthy
financials 
o Sea-Tac's financial position is strong 
Mr. Reis noted the following core business drivers within the Aviation Division: 
Operate a safe a secure airport 
Focus on maintaining and refurbishing the facility 
Supporting the local economy and community by assuring there is sufficient capacity to
meet their needs going forward 
He then addressed the following areas of focus for the Aviation Division: 
Strategic Areas of Focus: 
o  Customer Service 
o  Contol Airline Costs 
o  Maximize non-aeronautical NOI 
o  Environmental sustainability 
o  Organization Employee Growth and Effectiveness 
o  Support Community and Social Responsibility 
Major New 2011-2015 Initiatives 
o  Transformation of terminal facilities, including Airline realignment and technology
deployment 
o  Redevelopment and expansion of Federal Inspection Service (FIS) facilities 
o  Increasing parking revenues 
o  Concessions upgrades; new units, when the market allows; preparation for the next
concessions contract cycle 
o  Assure that the Comprehensive Development Plan is appropriately refreshed as it
relates to planning for the future 
o  Be prepared in the area of Real Estate Development as the market improves 

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o Work on Lean business processes, which will also be a Port-wide initiative, and an
effort the Airport is likely to pilot, with a focus on cost control. 
o  Focus on asset management and sustainable facilities  how we can most effectively
manage our capital going forward 
Mr. Reis reviewed the two lines of business within the Aviation Division as follows, noting that most
Port and Aviation Division initiatives support both of the lines of business: 
Aeronautical Business 
o Capacity and customer needs: 
Expense 
Planning for airline realignment 
Planning for FIS improvements 
Leasing of back-up power generators for the near term, and
reviewing options for permanent back-up power for the long term 
Capital 
Airline realignment capital improvements over next three years 
Technology integration to improve customer experience as well
as to create capacity that will last for the long term 
Baggage system enhancements 
o C-60 to C-1 interline connection 
o C-88 to C-1 
Create aircraft parking positions  USPS site development 
Acquisition of new jet bridges 
o Safety and Security 
Expense 
Continue implementation of safety management system for
Airfield 
Safety equipment replacement in the Fire Department 
Capital 
Upgrades to existing emergency generators 
Permanent back-up power generation  target for 2010 
o Customer Service 
Expense 
Increased janitorial 
Improved signage 
Capital 
New Club International (Delta) 
Flight Information Management System (FIMS II)  updating
equipment for system which provides scheduling data for the
public 
Non-Aeronautical Business 
o Increase Parking/Ground Transportation Revenues 
Expense 

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Add resources to analyze and promote parking as a business
enterprise 
Evaluate future options for Doug Fox lot 
Capital 
Upgrade parking revenue control system 
Upgrade floors 1 and 2 of garage 
o Concessions 
Expense 
Plan for concessions program renewal, which will be an
opportunity for many small businesses at the Sea-Tac 
Capital 
Divide current North Satellite duty free space into two new
retail/duty free locations 
Upgrading Central Terminal freight elevators 
o Development of vacant Port property  anticipated by end of 2015  sooner if the
market allows 
Lora Lake property 
Burien property north of SR518 
Des Moines Creek Business Park 
28th Avenue property, south of the Airport 
o Capacity and Customer Needs 
Expense 
Add staff (approximately 100 FTEs) by 2012 associated with the
Rental Car Facility, the majority of which will be related to the bus
system, with the majority of those costs to be covered by
Customer Facility Charges (CFC) 
Capital 
Complete construction of Rental Car Facility 
Mr. Reis proceeded with a review of division-wide plans for the following areas: 
Environmental Sustainability 
o Reduction in carbon emissions 
o Increase in recycling rate 
o Other areas in the environmental arena  Pre-conditioned Air; Electric Ground
Service Equipment and possible upgrades to lighting in the garage 
Related to lighting upgrades, Commissioner Albro asked that staff look at not only the financial
implications, but also the environmental implications of obsoleting useful lighting equipment, which
is not at the end of its useful life. 
Comprehensive Development Plan Update 
o Expense 
Need to understand long-term capacity of airport 
Will follow completion of Terminal Development Strategy and study for
Sound Transit alignment 

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TUESDAY, AUGUST 17, 2010                                 P. 9 
Environmental review in 2013 and 2014 
Supportive community and social responsibility 
o Complete Part 150 noise study 
Asset Management 
o Ensure that both life cycle and CPE growth is minimized 
In closing, Mr. Reis Provided a brief overview of the Capital Overview figures for 20102014, as
well as a Financial Forecast Summary for 20102015. 
A recess was called at 11:45 for the purpose of a lunch break and to hold an Executive Session. 
2.     EXECUTIVE SESSION pursuant to RCW 42.30.110 
An Executive Session was immediately convened for approximately 30 minutes to discuss RCW
42.30.110(1)(i) legal risk matters. 
The Commission special meeting was reconvened to open public session at 2:05.p.m. 
c.  (00:00:54  audio part three) 2011 Budget  Seaport Business and Capital Plans 
Presentation documents: Commission agenda memorandum dated July 30, 2010 and computer
slide presentation from Linda Styrk, Managing Director, Seaport Division 
Presenter: Ms. Styrk 
Ms. Styrk began her presentation stating that for 2011, the Seaport Division will be focusing on
three major areas as long-term strategies, and provided information on each as follows: 
Commercial Business 
Optimizing NOI and utilization of Port assets 
Retain and attract customers to our gateway 
Continue to capitalize on advantages 
Continue partnership with Port of Tacoma in Joint Cooperation efforts 
Continue to actively manage the many ongoing construction projects in and around the
harbor area to assure that the freight mobility is high and that there is good access to the
terminals, as well as to manage growth impacts 
Manage costs to assure best value and return on investments 
Within the areas of Containers; Cruise; and Grain and Other, Ms. Styrk provided a breakout of
issues of each as follows: 
Competitive threats 
Optimizing NOI 
Fostering a Green Agenda 

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Commissioner Tarleton suggested that within the area of Containers, the loss of support
businesses should be added as a competitive threat. 
Commissioner Albro also noted State of Alaska taxes as a possible threat to the Cruise line of
business. He also stated that given the nature of the competitive threats as reviewed, he is not
certain that the Port of Seattle will be able to achieve a capacity of 5 million TEUs, and that it would
be helpful to see the information revamped in order to see what our current expectations are. Ms.
Styrk clarified that the information as presented was regarding capacity and what the Port's
terminals are actually capable of in terms of maximum volumes. 
Seaport Asset Stewardship 
Complete projects currently underway 
Focus on asset condition assessments 
Clarify prioritization criteria for capital projects 
Incorporate Green Gateway criteria for projects 
Develop future schedule contingent upon available funding or other direction as received
by Commission 
Manage costs to assure best value and return on investments 
Again, Ms. Styrk provided a breakdown the areas of Containers, Cruise and Grain and Other
related to both major capital and expense projects. 
Green Gateway 
Monitor Clean Truck Program to assure objectives are met 
Continue to grow At Berth Clean (ABC) Fuels Program 
Continue to partner with stakeholders on stormwater issues 
Focus on Herbert Carbon Footprint Study' and continued related marketing 
Advance collaboration efforts to maintain Port competitiveness 
Consider future technologies that reduce impacts 
Ms. Styrk then provided more specific detail for the Seaport Lines of Business as follows: 
Container Business 
Ms. Styrk noted that the container business is the biggest contributor to the bottom line, and
reiterated the enormous success the Port has had this year in this line of business, noting that they
were up over 61% for July over last year. She noted that the remainder of this year is expected to
be fairly strong as well.
Commissioner Tarleton commented on the importance of retaining current customers and volumes. 
Ms. Styrk noted that within a list of major work for the Container line of business, they will plan to
complete existing projects; work with stakeholders to help minimize impacts of construction and

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TUESDAY, AUGUST 17, 2010                                P. 11 
congestion; continue assessing and stewarding assets; and implementing a radio frequency
identification detection (RFID) system to support the Clean Truck Program. 
A brief financial overview of the Container business was then provided, as well as a summary of
major capital projects. 
Cruise Business 
Ms. Styrk noted that the Cruise line of business is projecting growth for the upcoming year, globally
at about 12%. She stated that for 2011, a decrease is expected in vessel calls for Alaska cruising,
but there is optimism for an increase in 2012. She also noted that there is expected to be a 7%
reduction in passengers related to the decrease in Alaska cruise business. 
Major work planned for this line of business was noted to include marketing on mid-week slots in
order to have better utilization of facilities; keeping abreast of cruise industry issues; seeking multiyear
agreement with Pier 66; continuing to review shore power and how it can be made feasible at
Pier 66. 
Commissioner Tarleton commented on the importance of making shore power at Pier 66 a priority,
especially in light of the fact that utilities in the central waterfront area will soon be redesigned and
improved. 
A brief financial overview of the Cruise business was then provided, as well as a summary of major
capital projects. 
Grain Business 
Ms. Styrk noted that the project in this area for 2011 is another strong year, with corn and
soybeans from the Midwest as well as a 10% increase in volume over 2010. 
As major work for this area, Ms. Styrk noted that as a number of components at the grain facility
are now beyond their useful life, and tower strengthening and spout replacement needs to be done.
She also stated that negotiations for a new long-term lease of the facility are under way. 
The financial overview of the grain business was provided, and it was noted that capital projects
will include continued modernization of the Terminal 86 grain facility. 
Other Maritime Business (Includes Fishing, Barges, Other miscellaneous harbor activity 
Ms. Styrk stated that in this arena, the same level of profit contribution does not currently exist as in
the other major lines of business. She noted that the goal is to maintain full occupancy at facilities
and also increase dock usage.
She commented on plans to complete scheduled capital projects, and noted that a recycling
program is being developed for implementation at Terminal 91 facilities. 

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A brief financial overview of the businesses was provided, and Ms. Styrk noted that the goal is to
optimize NOI. A list of major capital projects was also pro vided, and Ms. Styrk reiterated the fact
that many of these projects are necessary as many areas at T90/91 have not had attention for
decades, and this work can no longer be deferred. 
Seaport Security 
Ms. Styrk provided a list of planned capital projects associated with Seaport Security for 2011,
which are a number of grants the Port has been pursuing. 
Greenport and Other 
Capital projects for 2011 in this area include the Seaport Green Port Initiative and other Seaport
Small Projects. 
Ms. Styrk then moved on to providing more detail in the area of Seaport Asset Stewardship. She
noted the following as major asset categories within the division: 
Docks 
Utilities 
Cranes 
Buildings 
Pavement 
Dredging 
Various other 
Major work for 2011 was noted to include dredging at Terminal 5; inspections of underdocks and
inventory of utilities; and development of a more comprehensive asset inventory system. 
Commissioner Tarleton raised the question of whether or not there may be new sources of money,
either at the State or Federal level, which could be used for cost-sharing measures with us on
critical infrastructure projects. Ms. Styrk responded that both Seaport and Government Affairs are
collaborating to take advantage of opportunities that may arise in that area. 
Ms. Styrk then reviewed a number of Port assets and corresponding projects as listed below,
noting that all of the projects require a degree of collaboration at some level: 
Terminal 5 
o Acquisition of new cranes to replace current cranes which are now totally 
depreciated in value 
Terminal 18 
o Fender Damage Replacement 
o Pile Cap Improvements 
o Crane Drive Upgrades 
o Rail Crossings 
o South End Fendering 

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Terminal 25 
o Container Yard Phase 2 
Terminal 46 
o T-46 Redevelopment 
o North Slip Sprinkler Replacement 
Pier 66 
o Shore Power 
o Bag Corridor and Passenger Screening 
Terminal 86 
o Grain Facility Modernization 
Terminal 10 
o Interim Development, which is currently underway 
Terminal 108 
o Paving and Stormwater Upgrade 
o Leased Area Paving 
Commissioner Albro stated that it would be helpful for him to review the financial performance of all
of the assets in terms of NOI, relative to the project plan for the asset. Ms. Styrk noted that there is
not a current financial structure available to see that information in that way. Commissioner Albro
noted that even if that capability is not currently available, it would be helpful to see even an
estimated range of NOI or revenue. 
Commissioner Creighton noted that although NOI is one metric which can be looked at, there are
others, such as how many jobs are created in terms of a terminal or project.
Ms. Styrk provided a brief summary of the Seaport Draft Capital Plan, including a breakout of the
years 2011, 2011-2015, and 2016-2020. 
Related to the Financial Outlook for the Seaport Division, Ms. Styrk stated that operating revenue
for 2011, excluding grants and reimbursements is projected to increase by 5% to the 2010 budget.
She also stated that goals are to keep current leases in place; maintain volume in the areas of
cruise, grain and crane rent; and continue to research opportunities for grants and
reimbursements. 
Regarding Expense trends and risks, she commented again on comprehensive asset condition
assessments; maintenance dredging; repair costs and crane removal; stormwater issues;
continuing with the Northwest Clean Air Strategy; environmental reserves, which are continuing to
be formed; and the Tribal Fishing Coordination Program. 
Commissioner Tarleton asked that staff provide information on which capital projects are related to
meeting lease obligations. 
In closing, Ms. Styrk reviewed briefly possible risks to the 2011 Seaport Business Plan: 
Competitive threats 
Economic recovery stalls 

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Traffic congestion due to construction 
Increased taxes or fees due to State budgetary pressures 
Legislative or regulatory changes that impact port competitiveness 
d.  (01:23:16  audio part three) 2011 Budget  Real Estate Business and Capital Plans 
Presentation documents: Commission agenda memorandum dated July 30, 2010 and computer
slide presentation from Joe McWilliams, Managing Director, Real Estate Division 
Presenter: Mr. McWilliams 
Mr. McWilliams began his presentation with a focus on initiatives and objectives for the Real Estate
Division for the upcoming year, which included: 
Implementing State Auditor's Office (SAO) recommendations, as appropriate 
Provide for NOI consistent with 2010 levels 
Begin execution of deferred maintenance obligations 
Provide for amended real estate policies as necessary with regard to: 
o Purchase and sale of properties 
o Competitive process requirements 
o Establishment of asset ranking system 
Mr. McWilliams commented on operating revenues for 2011, noting that the division is hoping to
meet the goal of a flat NOI. He noted that the hospitality revenue at Bell Harbor Conference 
Center is exceeding what was anticipated, year-to-date, which has been taken as a positive sign
that the hospitality market is continuing to strengthen, and that are assets are well-suited to this
type of business. He also commented that real estate in general is continuing to improve, albeit at
a very slow pace. 
He then commented on a number of exposures or risks in the real estate arena, including: 
Potential higher vacancies in commercial properties and recreational marinas, depending
on the market 
Eastside Rail Corridor and related issues 
Deferred maintenance costs 
SAO audit compliance implications 
Tenant improvement allowances 
Mr. McWilliams then provided summary financial information for the Real Estate Division, as well
as breakouts of the operating units of Harbor Services, Portfolio Management, Development and
Planning, and the Eastside Rail Corridor.
Information related to capital projects for the division was then provided, and the complete list was
included in the slide presentation. He commented that challenges are not insignificant as related to
projects on aging infrastructure. 

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Within each of the operating units of the Real Estate Division, Mr. McWilliams provided additional
information on proposed projects over the course of 2011, as follows: 
Development and Planning 
North Bay 
o Complete development options study 
o Initiate the environmental review process 
o Engage the City and other stakeholders in the planned action ordinance 
Des Moines Creek 
o Finalize possible retail option agreement with City 
Other Projects 
o Complete SCORE (jail site) negotiation and transfer title 
o Respond as appropriate to the GSA/FAA office requirement for SeaTac and
DesMoines sites 
o Continue discussions with Burien on Northeast Redevelopment Area (NERA) 
o Continue collaboration with City of SeaTac on property in the 28th Ave. S. area 
o Complete second land swap with WSDOT 
Portfolio Management and Leasing 
Property Management 
o Achieve net operating income and occupancy targets 
o Fishermen's Terminal 
Complete asset condition examination and adopt 20-year asset plan 
Conduct due diligence and prepare to receive title to Downey Building 
Lease and Utilities administration 
o SAO audit compliance (review alternatives and select lease administration
accounting/software packages) 
Harbor Services 
Achieve net operating income 
Shilshole Bay Marina  Revise long-term masterplan 
Complete enterprise risk management (ERM) assessment plan 
Pier 69 Facilities Management and Marine Maintenance 
Information regarding these two issues were provided on the slide presentation. Mr. McWilliams
also commented specifically on the fact that the Port is the owner of 22 parks, which are
maintained by the Marine Maintenance department.
Commissioner Bryant requested that going forward in the budget process, a breakout be provided
relating to the parks and public access areas. 

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8.   NEW BUSINESS 
9  POLICY ROUNDTABLE 
None. 
10. ADJOURNMENT 

There being no further business, the regular meeting was adjourned at 4:05 p.m. 
(A digital recording of the meeting is available on the Port's website) 

Rob Holland 
Secretary 












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