Commissioners                                             Tay Yoshitani 
Chief Executive Officer 
Bill Bryant 
Commission 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 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 hours, minutes, 
and seconds; example: 00:01:30) 
APPROVED MINUTES 
COMMISSION REGULAR MEETING MAY 3, 2011 
The Port of Seattle Commission met in a regular meeting Tuesday, May 3, 2011, at Port of Seattle
Headquarters, Commission Chambers, 2711 Alaskan Way, Seattle,Washington. Commissioners 
Albro, Bryant, Creighton, Holland, and Tarleton were present. 
1.   CALL TO ORDER 
The regular meeting was called to order at 12:20 p.m. by Bill Bryant, Commission President. 
2.   EXECUTIVE SESSION pursuant to RCW 42.30.110 
The meeting was immediately recessed to an Executive Session lasting approximately 30 minutes 
to discuss real estate issues. The regular meeting reconvened in open public session at 1:12 p.m. 
PLEDGE OF ALLEGIANCE 
3.   APPROVAL OF MINUTES 
None. 
4.   SPECIAL ORDER OF BUSINESS 
a.   (00:01:20) The Port Centennial  Moment in History. 
Presentation documents: Commission agenda memorandum dated April 28, 2011, from Jane
Kilburn, Public Affairs Director. Also provided was a computer slide presentation. 
Commissioner Albro presented the Port Centennial Moment for May, which focused on the Port of
Seattle'swaterfront facilities and maritime industries. The Port's four recreational marinas were

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highlighted, as were events contributing to the Seattle Maritime Festival held from May 1 to 14,
2011.  Commissioner Albro noted the Port's responsible environmental practices and boater
education that characterize its marinas and described the economic impact of these recreational
boating facilities. 
5.   (00:03:20) UNANIMOUS CONSENT CALENDAR 
a.   Authorization for the Chief Executive Officer to execute the Second Amendment to
Crowley Marine Services, Inc., Lease No. 262 at Piers 16/17 to reduce the submerged
lands portion of the lease by 13,100 square feet and to reduce the annual rent by
$5,361.84. 
Request documents: Commission agenda memorandum dated April 26, 2011, from Michael
Burke, Lease and Asset Management Director, and Scott Pattison, Lease and Asset Management
Asset Manager. Also provided was a copy of the lease amendment. 
b.   Authorization for the Chief Executive Officer to execute a Public Access Easement
Agreement with the City of Seattle ("City"), which is needed to partially meet
conditions imposed by the City for the vacation of streets on Harbor Island related to
the expansion of Terminal 18. 
Request documents: Commission agenda memorandum dated April 25, 2011, from Michael
Burke, Container Leasing and Operations Senior Manager; public access agreement with legal
descriptions; and a map of the affected area. 
c.   Request $400,000 of additional project funding for Towers 2, 3 and 5 strengthening and
equipment upgrades at Seaport's Terminal 86 Grain Facility for a total authorization of
$2,900,000. (CIP #C800133). 
Request documents: Commission agenda memorandum dated April 25, 2011, from Jasmin
Contreras, Seaport Property Manager, and Rod Jackson, Capital Project Manager. Also provided
was a diagram of a spout and tower. A corrected copy of the memorandum dated May 11, 2011,
clarifying the sales tax of the amount requested was subsequently substituted on the agenda. 
d.   Authorization for the Chief Executive Officer to execute a ten-year license agreement,
substantially as drafted in Attachment 1 and according to the terms laid out in this
memorandum with Comcast Cable Communications Management, LLC, to provide
high-speed internet service at Fishermen's Terminal. 
Request document: Commission agenda memorandum dated April 26, 2011, from Melinda Miller,
Portfolio Management Director, and Rebecca Schwan, Portfolio Management Real Estate
Manager. Also provided was the license agreement. 
e.   Authorization for the Chief Executive Officer to advertise for and execute up to three
Indefinite Delivery, Indefinite Quantity (IDIQ) contracts for regulated materials
management consultant services to support Aviation, Seaport, Real Estate, and Capital
Development Division project needs. IDIQ contracts will likely not exceed $750,000 for

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each contract for a total amount not to exceed $2,250,000. No funding is associated
with this request. 
Request document: Commission agenda memorandum dated April 26, 2011, from Ralph Graves,
Capital Development Managing Director, and Dwight Rives, Port Construction Services Director. 
f.    Authorization for the Chief Executive Officer to authorize Port Construction Services to
self-perform the work in conjunction with small works contractors and issue small
works contracts in support of the Communications Cabling Additions Project at
Seattle-Tacoma International Airport. This authorization is for $377,000 of a total
estimated project cost of $377,000. (CIP# C800331). 
Request document: Commission agenda memorandum dated April 26, 2011, from David Soike,
Aviation Facilities and Capital Program Director, and Wayne Grotheer, Aviation Project
Management Director. 
g.   Authorization for the Chief Executive Officer to execute a purchase order for $339,000
to continue annual software support for the Port of Seattle's existing Oracle Financial
and Human Capital Management systems. 
Request document: Commission agenda memorandum dated April 25, 2011, from Kim Albert,
Information and Communications Technology Business Services Senior Manager. 
Motion for approval of consent Items 5a-5g  Creighton 
Second  Tarleton 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 
At the discretion of the Chair, the Commission advanced to the order of  
8.   (00:04:20) NEW BUSINESS 
Public comment was received from the following individuals: 
Yusuf Warsame, SeaTac Limousine Association President. Mr. Warsame commented
on the negative impacts associated with passage of Washington Senate Bill 5502, which
he said authorizes the City of Seattle to enforce State regulations pertaining to limousine
services. Mr. Warsame asked the Port to provide increased opportunities for limousine
drivers at Pier 91. 
Yusuf Cabdi, United African Public Affairs Committee. Mr. Cabdi requested the Port
consider leasing empty lots at Pier 91 to small limousine companies through a
competitive process and asked the Commissioners to consider ways in which to improve
contracting opportunities for small and disadvantaged businesses. 

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Jason Decker, Elcon Corporation Co-owner. Mr. Decker commented on schedule
delays, design changes, change orders, and related financial impacts to his company,
which he stated is the primary electrical contractor for the Airport's Rental Car Facility
(RCF) project. 
Mr. Decker provided a packet of written comments regarding the RCF project. A copy of
these documents is, by reference, made a part of these minutes and is collectively
labeled Exhibit A and is available for inspection in Port offices. 
The Commission resumed consideration of  
6.   DIVISION, CORPORATE AND COMMISSION ACTION ITEMS 
a.   (00:17:49) Second Reading and Final Passage of Resolution No. 3650, as amended,
adopting, revising and updating existing Port SEPA procedures to conform with
current law and Port structure, and formalizing new Port policies clarifying how
greenhouse gas emissions and climate considerations will be incorporated into SEPA
review when the Port is acting as a "lead agency." 
Request documents:  Commission agenda memorandum dated April 26, 2011, from Elizabeth
Leavitt, Aviation Planning and Environmental Programs Director; Stephanie Jones Stebbins,
Seaport Planning and Environmental Programs Director; Michael Lufkin, Senior Environmental
Program Manager; and Paul Meyer, Permitting and Compliance Manager. Also provided were a
copy of Resolution No. 3650, including Exhibit A with Attachment 1 and Attachment 2; a redline 
version of changes requested at First Reading; and a computer slide presentation. 
Presenters: Ms. Jones Stebbins, Mr. Lufkin, and Mr. Meyer. 
Ms. Jones Stebbins presented the resolution and reviewed the background of Commission
consideration and opportunities for public comment. Ms. Jones Stebbins outlined the changes
incorporated into the current proposed resolution since its First Reading on April 12, 2011,
including the following: 
Clarification in Section 5.3 that delegation of the responsibilities of a SEPA responsible
official to another Port official requires concurrence of the Chief Executive Officer; and 
Clarification in Section 15.2 of the conditions for exercising additional optional notice to
the public and provision for increased length of public comment. 
Motion for Second Reading and Final Passage of Resolution No. 3650, as amended  Tarleton 
Second  Albro 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 


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b.   (00:21:18)  Authorization for the Chief Executive Officer to execute a professional
services contract for design services in an amount not to exceed $8,000,000 in support
of anticipated capital improvement projects related to South Satellite Heating,
Ventilating, Air Conditioning (HVAC), Lighting, Ceiling Replacement and North Satellite
HVAC, Lighting, Ceiling Replacement Projects at Seattle-Tacoma International Airport.
This contract will have an ordering period of five years. No funding is associated with
this authorization. (CIP #C800376 and CIP #C800377) 
Request document:  Commission agenda memorandum dated April 25, 2011, from Wayne
Grotheer, Aviation Project Management Group Director, and David Soike, Aviation Facilities and
Capital Program Director. 
Presenters: Mr. Soike and Mr. Grotheer. 
Mr. Soike reported that the South Satellite HVAC system is part of aging infrastructure at the
Airport that is the subject of customer complaints because it no longer functions properly. He
explained that the system, designed to last 25 years, has been in use for 40 years and often has to
be adjusted to maintain comfortable conditions, especially in the international corridor and customs
areas, which often become overheated. 
Mr. Soike remarked that HVAC system improvements would contribute to energy-efficiency gains
at the Airport. He explained that the size of the authorization, $8 million, is reflective of the large
size of the facility, and noted that the request encompasses only the beginning of the process of
obtaining a design consultant for the project. 
Mr. Soike stated that both North and South Satellites were included in the same request because
of their similar size, shape, design, and age. He noted that the South Satellite serves international
travel, which is expected to increase over the years, and that the North Satellite serves the
Airport's largest domestic carrier, Alaska Airlines. 
Mr. Grotheer described the benefits of using the same design firm for both the North and South
Satellites, including savings of operating and maintenance expenses during the 25-year design life
of new HVAC systems. 
Mr. Grotheer stated that design and construction support costs for the projects are expected to be
close to 15 percent of anticipated construction costs due to the complexities inherent in updating
HVAC, lighting, and ceiling replacement throughout the structures and the interconnectedness of
these systems. 
In response to Commissioner Creighton, Mr. Grotheer stated that the construction project related to
the current request is estimated at approximately $55 million.  In response to Commissioner
Creighton's question about savings related to energy-efficiencyimprovements in the project, Mr.
Soike explained that it is difficult to quantify such savings because the current system is not
properly metered.  There was a brief discussion of availability of grants for improving energy
efficiency in public facilities. 

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In response to Commissioner Holland, Mr. Soike stated that the design firm selected subsequent to
the current authorization would provide guidance on potential savings available from performing
energy efficiency retrofits. 
Commissioner Tarleton commented that airports that modernize facilities now will maintain the
competitive advantage necessary to attract international travel and cargo transport during the next
25 years. 
Motion for approval of Item 6b  Tarleton 
Second  Holland 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 
c.   (00:32:38) Request additional funding to complete the in-progress construction of the
Terminal 91 Smith Cove Cruise Terminal Restroom Expansion project at an additional
cost of $110,000 for a total project cost of $370,000. This is a capital project funded in
the 2010 Seaport Small Project CIP C800311. Additional funds for the project are
available due to under-spending in the 2011 Seaport Small Project CIP C800358.
Marine Maintenance crews are performing the work. 
Request document:  Commission agenda memorandum dated April 25, 2011, from Lindsay
Pulsifer, Marine Maintenance General Manager, and Rees Robinson, Marine Maintenance Project
Manager. 
Presenter: Ms. Pulsifer. 
Ms. Pulsifer reported that there would be a $110,000 shortfall on a project to complete added
restrooms in the approach area of the Smith Cove cruise terminal. She stated that the original
project was not anticipated to exceed $300,000, but inaccurate design drawings and the need to
complete the project before the start of the 2011 cruise season have driven up the cost. Ms.
Pulsifer added that the project gathered more overhead cost than anticipated due to the calculation
of internal charges, and alerted the Commission that there would be other projects coming forward
with similar overruns. 
In response to Commissioner Albro, Ms. Pulsifer stated that the restroom project is near
completion and that when the shortfall was recognized, she told crews to continue work while
arrangements were made to seek Commission approval for the additional expense. Commissioner
Albro requested consideration of how similar overruns might be avoided in the future. 
In response to Commissioner Creighton, Ms. Pulsifer confirmed that the second-floor restrooms do
not require expansion at this time. 
Commissioner Tarleton stated the importance of a contract team's includingsomeone sufficiently
knowledgeable about the project work to ensure adequate evaluation of the bid proposal and noted
that the facilities serve other tenants outside of cruise season. Linda Styrk, Seaport Managing

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Director, remarked that there was no indication of inadequate performance by the consultant in
question prior to the restroom portion of the project to signal concern to staff and that Port staff is
looking at ways to prevent similar overruns in the future. 
Motion for approval of Item 6c  Albro 
Second  Holland 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 
d.   (00:45:32)  Authorization for the Chief Executive Officer to amend the Arai Jackson
Ellison Murakami Professional Service Agreement  for up to $450,000 for design
support during construction of the Bus Maintenance Facility and to provide notification
to the Port of Seattle Commission in accordance with RCW 53.19.060 that the total
amended amount exceeds 50 percent of the original contract not-to-exceed value of
$1,900,000.  Considering earlier amendments and with the execution of this
amendment, the total value of the Agreement would be $2,920,000. No new funding is
requested to amend this Agreement as funds have been previously authorized as part
of the Bus Maintenance Facility project budget. 
Request document: Commission agenda memorandum dated April 27, 2011, from Nora Huey,
Central Procurement Office Director, and George England, Aviation Capital Improvement Program
Leader. 
Presenter: Mr. England. 
Commissioner Bryant noted that this item was originally slated for the Unanimous Consent
Calendar, but was moved, prior to agenda posting, to the order of Division, Corporate and
Commission Action Items to be presented, due to the amended agreement amount exceeding 50
percent of the original contract not-to-exceed value. 
Mr. England reported that the requested amendment is necessary to complete constructionsupport
services critical to completion of the Bus Maintenance Facility. He explained that the
amendment accommodates an increase in the level of effort required for construction support and
does not reflect an expansion of the original scope of work. Mr. England stated that the addition of
the compressed natural gas fueling facility to the Bus Maintenance Facility project and the
associated review of new plans, coordination meetings, and anticipated requests for information
have contributed to the need for the amendment. 
Mr. England noted that the request includes $100,000 of contingency funding. 
In response to Commissioner Albro's question regarding the background of the increase of the
original contract from $1.9 million to the current $2.47 million, Mr. England reviewed the
Commission budget authorizations for the project in 2008 and June of 2010, including the July
2009 authorization that added the Compressed Natural Gas Fueling Facility to the project. 

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In response to Commissioner Bryant, Mr. England stated that the funds to increase the contract to
$2.92 million will come from the Bus Maintenance Facility budget and are available due to other
aspects of the project being bid below estimated cost. 
In response to Commissioner Albro, Mr. England explained that following completion of the design,
including design changes, subsequent negotiation of support services resulted in the need for the
contract amendment. Commissioner Albro expressed his concern over the process by which the
Commission's authorization of $607,000 for design of the Compressed Natural Gas Fueling Facility
carried with it an unanticipated need for a $1.02 million budget increase for construction support
services. Mr. England stated that current procedures should ensure better Commission control
over construction budget increases of this kind and stressed that while $2.92 million is the total
value of the Port's contract with Arai Jackson Ellison Murakami, the budget increase  for
construction support services is $890,000, including $100,000 of contingency. 
In response to Commissioner Bryant, Mr. England stated that, barring a construction change order
requiring Commission approval, he did not anticipate having to return to Commission for further
budget amendments for any aspect of the Bus Maintenance Facility project. 
Commissioner Tarleton expressed her support for modification based on the importance of
completing the Bus Maintenance Facility project as part of the Rental Car Facility by spring of
2012, given the estimated 3,000 jobs and applicable revenue associated with the project. She
stressed the importance of keeping further costs within the established contingency fund limits and
of keeping the Commission informed if the contingency funds are at risk of being exceeded. 
Motion for approval of Item 6d  Tarleton 
Second  Albro 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 
e.   (00:54:40) Approval of Century Agenda Committee preliminary goal to "add 100,000
Port-related jobs in the next 25 years." 
Request document: Commission agenda memorandum dated April 28, 2011, from Tom Barnard,
Research and Policy Analyst, and Geri Poor, Regional Transportation Manager. 
Presenter: Mr. Barnard. 
Mr. Barnard reported on the Century Agenda roundtable of April 12, 2011, titled "Fostering
Economic Growth." He stated that subsequent conversations with the Century Agenda planning
committee and staff produced a proposed preliminary Century Agenda goal to "add 100,000 Portrelated
jobs in the next 25 years." 
Commissioner Albro remarked that the proposed preliminary goal is the first of five or six
preliminary goals expected to result from the work of the Century Agenda, with the intention,

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TUESDAY, MAY 3, 2011 
through focused discussions on various areas of economic opportunity, to build a Port strategic
plan. He outlined the following panel schedule for the Century Agenda committee: 
April  Fostering Economic Growth 
May  Moving Cargo: Logistics and Growing Exports 
June  Moving People: Airport, Cruise Ships, and Tourism 
July  Attracting Next Generation Industries and Jobs 
August  Achieving Our Community Values 
September  Funding Our Strategic Goals and Putting Real Estate to Work 
Commissioner Albro stated that the best measure of the success of the Port as a public agency lies
in its ability to promote good jobs. 
Commissioner Creighton commented on the importance of engaging the public in the
Commission's conversations about a vision for the Port for the next 25 years. He stated that the
goal presented in the action request is a preliminary goal and that the Commission will have an
opportunity at the end of the process to consider the strategic plan from a holistic perspective. 
Commissioner Albro added that the goals are presented in a preliminary form in part to give staff
an opportunity to articulate how best to go about achieving the goals with measurable milestones. 
Mr. Barnard stated that staff has made an effort to incorporate use of new social media in its panel
discussions. 
Public comment was received from the following individual: 
Vicki Orrico, Manager of Global Health Nexus Seattle. Ms. Orrico commented on the
growth of Seattle as a hub in the global health industry, provided statistics on the
economic impact of the industry to the state of Washington, and described the positive
effects of the global health industry worldwide. 
Commissioner Creighton remarked on the potential for the Port to act as a catalyst to bring the
region's logistics and supply-chain expertise to bear in the global health market.He stated that the
goal of creating 100,000 new Port-related jobs in the next 25 years is somewhat more ambitious
than the current projected growth of 75,000 new jobs in the next 25 years, but reasonable. 
Commissioner Albro stated that incubation of new industries does not detract from the Port's
commitment to traditional, core industries, especially when there is a clear nexus between the two. 
Commissioner Tarleton commented on the importance of the Port's role in fostering an
environment in the Pacific Northwest where people want to live, visit, and work and where they can
take advantage of the ability to be connected to the rest of the world. She noted that the Census
Bureau estimates that over the next 25 years, the population of King County is expected to grow by
approximately 300,000 people, which she stated is consistent with an increase of about 100,000
jobs in the same period. 

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Commissioner Holland described the need for the jobs generated by the Port to be living-wage jobs
and the ability of Port jobs to cultivate diversity in the region. 
Motion for approval of Item 6e  Albro 
Second  Creighton 
Motion carried by the following vote: 
In Favor: Albro, Bryant, Creighton, Holland, Tarleton (5) 
7.   STAFF BRIEFINGS 
(01:20:55) Kurt Beckett, Chief of Staff, announced that the Puget Sound Regional Council's
Prosperity Partnership is resuming its strategic planning process, in which the Port is pursuing a
prominent role for the logistics industry and growth of associated new industries such as global
health. 
At the discretion of the Chair, the Commission advanced to consideration of  
b.  (01:22:20) Port-wide Performance Metrics Initiative Briefing. 
Presentation documents: Commission agenda memorandum dated April 26, 2011, from Kurt
Beckett, Chief of Staff, and a computer slide presentation. 
Presenters:  Mr. Beckett; Ed Goodman, Enterprise Services Architecture Development Manager;
and Kristal Roberts, Human Resources Organizational Development Manager. 
Mr. Beckett introduced the latest developments in the Port's Performance Metrics Initiative, noting 
the following: 
The Port's current process of monitoring organizational performance through quarterly
reports, ongoing business planning, and the annual budget process; 
Current opportunities for departments to identify new and effective ways to measure
performance; and 
Establishment of a new, internal SharePoint resource for identifying performance
measures. 
Mr. Beckett noted the following key guiding principles embraced by the current performance
metrics initiative: 
Keeping it simple  effective measures, not more of the goal; 
Measuring activity and measuring effectiveness are two different things; both may be
relevant, but should not be confused; 
Developing performance measures is an evolution; and 
Being persistent and patient in developing the "right" measures. 

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TUESDAY, MAY 3, 2011 
Mr. Goodman provided a tour of the recently developed SharePoint site designed to provide a
centralized resource for Port staff to participate in the development of Port-wide performance
measurements. He noted the functionality and flexibility of the SharePoint site and highlighted the
relative ease to build the individual department sites. Mr. Goodman presented a sample of several
department performance measurement SharePoint sites and noted the protocol site that helps staff
begin the process of setting up their departmental sites. 
Mr. Beckett acknowledged the work of the executive team and coordinating council in guiding the
development of the initiative. 
Ms. Roberts described the process for reviewing the performance metrics data on a quarterly basis
and the ongoing refinement of metrics by department staff anticipated over time. She mentioned
the importance of coordinating the measurements gathered with development of the strategic
objectives resulting from the Century Agenda process. 
Commissioner Creighton asked about the possibility of making the performance measurement data
publicly accessible on the Port's website, particularly with respect to real estate information. 
Commissioner Tarleton stressed the importance of being able to understand the measurement
data and commended the collaborative model for gathering the data. 
The Commission returned to consideration of  
a.   (01:37:08) First Quarter Financial Performance Briefing. 
Presentation documents:  Commission agenda memorandum dated April 18, 2011, from Dan
Thomas, Chief Financial and Administrative Officer, and Michael Tong,  Corporate Budget
Manager. Also provided  were the 2011 First Quarter Performance Report and a computer slide
presentation. 
Presenters: Mr. Thomas; Mr. Tong; Hanh Nguyen, Aviation Finance & Budget Assistant Manager;
Boni Buringrud, Seaport Finance and Budget Manager; and Ralph Graves, Capital Development
Division Managing Director. 
Mr. Tong presented an overview of Port-wide operating results for the first quarter of 2011, noting
the following: 
A summary of operating income and expense totals and variances from budgeted
amounts; 
Major revenue and expense variances; 
A quarterly comparison of Port revenues and expenses for 2008-2011; 
The Port-wide year-end forecast for 2011 for operating income and expenses with
anticipated variances from budgeted amounts; and 
A summary of 2011 capital spending by division. 

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TUESDAY, MAY 3, 2011 
In response to questions from Commissioners, Mr. Tong stated the following: 
Public parking revenue is forecasted based on a monthly breakdown, and the year-end
forecast is expected to be in line with the budget; 
Concessions are above budget in the first quarter; 
An unfavorable year-end budget variance is anticipated for Seaport security grants; and 
The variance between revenue and expenses in the first quarter of 2011 is not as great
as the same variance in the first quarter of 2010 because revenues were higher this year
in comparison to last year and adjustments have been made to align actual spending
more closely with the budget. 
In response to Commissioner Tarleton, Mr. Thomas explained that there is a fuller accrual of
expenses in the fourth quarter historically due to close examination of encumbered expenses that
have yet to be invoiced. Extreme winter weather events also may contribute to added expenses in
the fourth quarter. Commissioner Tarleton requested a measurement of fourth-quarter expenditure
trends as a performance metric. 
Ms. Nguyen presented an overview of Aviation Division operating results for the first quarter of
2011, noting the following: 
Increase of 4.6 percent in year-to-date enplanements versus 2010; 
Increase of 5 percent in international passenger enplanements; 
Unfavorable variance of $5.6 million in aeronautical revenues; 
Unfavorable variance of $1.05 million in non-aeronautical revenues, including parking
revenue; 
Shortfall in rental car revenue despite an increase in rental car transactions; 
Favorable variance in concessions revenue, reflective of enplanement increases; 
Favorable operating expense variance of $5.5 million; 
Total operating expense savings of $72,000 due to position vacancies; 
Forecasted cost per enplanement of $12.76, which is the budgeted amount; 
Net cash flow increase of 4.2 percent over 2010; and 
Capital spending forecasted at 83.5 percent of budget. 
In response to Commissioner Creighton, Mark Reis, Airport Managing Director, stated that
Customer Facilities Charges contributing to the Rental Car Facility are ahead of budget despite a
shortfall in revenue because of the increased number of rental car transactions. 
Mr. Reis noted that despite the shortfall in aeronautical revenue of $5.5 million, aeronautical
revenue remains the largest source of Port-wide revenue and stressed the importance of cash flow
as a complimentary measurement to net operating income. 
In response to Commissioner Albro, Mr. Reis explained that the cost per enplanement of $12.76
has not decreased as enplanements increase because the enplanement forecast has not been
adjusted yet. 

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TUESDAY, MAY 3, 2011 
Ms. Buringrud presented an overview of Seaport Division operating results for the first quarter of
2011, noting the following: 
Cargo volume of 485,000 twenty-foot equivalent units (TEUs); 
Grain volume at 1.4 million metric tons; 
Start of cruise season on April 15; 
Announcement of new Seattle homeport ship for Disney Cruise Lines; 
Continued implementation of the Northwest Ports Clean Air Strategy; 
Net operating income at 23 percent over budget due to increased revenue and
decreased spending; 
Key revenue and expense variances; 
Net operating income before depreciation for various Seaport business groups; 
Expectation of Seaport to meet operating income budget for the year overall; and 
Seaport capital projects summary. 
Commissioner Albro requested information on the number of empty outbound TEUs. In response
to Commissioner Creighton, Linda Styrk, Seaport Managing Director, stated that there is room for
cruise-ship growth in 2012 and that opportunities to expand weekday service would be pursued as
appropriate. 
Commissioner Bryant noted a more rapid increase in expenses than in revenue and cautioned
against burdening the Seaport and Aviation Divisions with unsustainable increases in Corporate
expenses. 
Commissioner Albro questioned how much is known about 2011 financial performance after the
first quarter.  Ms. Buringrud said it is hard to forecast this early in the year.  After the second
quarter, we should have a much better idea of the accuracy of the forecast. Commissioner Albro
requested that we do a "more ambitious" forecast before putting together the 2012 budget. 
Ms. Buringrud presented an overview of Real Estate Division operating results for the first quarter
of 2011, noting the following: 
Net operating income forecasted to meet budget; 
Key business events in the Real Estate Division; 
Continuation of development of procedures to handle incoming requests related to the
Eastside Rail Corridor; 
Marine Maintenance highlights; 
Occupancy goals for Real Estate properties; 
Net operating income results; 
Revenue detail by business unit; 
Key expense variances; 
Net operating income before depreciation by business groups, which are all ahead of
budget due to reduction in expenses; and 
Full year revenue and capital cost forecasts expected to be on budget. 


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TUESDAY, MAY 3, 2011 
In response to Commissioner Tarleton, Ms. Buringrud explained that maintenance expenses have
to be charged to operating expenses and that in the past more expenses were able to be charged
to capital projects than can be under current rules. 
Mr. Graves presented an overview of Capital Development Division operating results for the first
quarter of 2011, noting the following: 
Implementation of purchase-card procedures; 
Completion of interim clearance of discarded munitions at Terminal 91 by the Army
Corps of Engineers; 
Capital Development key indicators, including growth in costs and schedules; 
Length of time involved in procuring service agreements, due in part to the request for
proposal process; 
Gross operating expenses; and 
Key variances to net budget. 
Commissioner Bryant requested more information on the increase between the actual expenses in
2010 for the Central Procurement Office of $387,000 and the actual 2011 year-to-date expense of
$1.1 million. Mr. Graves explained the variance is probably due to maintenance expenses, such as
a $600,000 dredging expense, that would otherwise be attributed to the Seaport Division instead of 
the Central Procurement Office because these maintenance expenses cannot be capitalized under
current rules. 
Mr. Tong presented an overview of Corporate operating results for the first quarter of 2011, noting
the following: 
Key events of the Corporate Division; 
Corporate key metrics, including an increase to the small business roster of 76 Portspecific
applicants; 
Corporate revenue results, with favorable variances for all departments; and 
Major Corporate expense variances. 
Commissioner Albro requested information regarding the 2010 actual total expenses for
forecasting purposes and urged the Port to do a better job in its future forecasts. 
Preliminary Briefing on an Upcoming Aviation Action Request for the Delta Air Lines Sky
Club Lounge. (02:46:08) 
Presenter: Wayne Grotheer, Aviation Project Management Director. 
Mr. Grotheer announced that on May 24, 2011, the Commission would be asked to approve
additional expenditures for the Delta Sky Club Lounge on the roof of the Airport's South Satellite.
He explained that Delta had put the project on hold and eventually decided to pursue construction
of a larger facility than originally planned.  He stated that construction is proceeding under a
change order at Delta's risk. Mr. Grotheer outlined the process by which the changes would be
paid for. 

Minutes of May 3, 2011, proposed for approval on June 28, 2011.


PORT COMMISSION REGULAR MEETING MINUTES             Page 15 of 15 
TUESDAY, MAY 3, 2011 
Commissioner Bryant thanked Mr. Grotheer and explained that the purpose of preliminary briefings
is to alert Commissioners to upcoming business items to provide an opportunity for private
briefings to provide clarifications and answer Commissioners' questions. 
8.   NEW BUSINESS 
(02:50:24) Commissioner Bryant read a letter from the Port Commission addressed to the editor of
the Fishermen's News and dated April 26, 2011. A copy of the letter is, by reference, made a part
of these minutes; is labeled Exhibit B; and is available for inspection in Port offices. 
9.   POLICY ROUNDTABLE 
None. 
10.  ADJOURNMENT 
There being no further business, the regular meeting was adjourned at 4:04 p.m. 
(A digital recording of the meeting is available on the Port's website.) 

John Creighton 
Secretary 
Minutes approved: June 28, 2011 








Minutes of May 3, 2011, proposed for approval on June 28, 2011.