PORT OF SEATTLE 
MEMORANDUM 

COMMISSION AGENDA 
Item No.            6d 
Date of Meeting    November 23, 2010 
DATE:      November 12, 2010 
TO:         Tay Yoshitani, Chief Executive Officer 
FROM:     Dan Thomas, Chief Financial and Administrative Officer 
Michael Tong, Corporate Budget Manager 
SUBJECT:   Resolution No. 3645, adopting the final budget of the Port of Seattle for
the Year 2011; making, determining, and deciding the amount of taxes to be
levied upon the current assessment roll; and directing the King County
Council as to the specific sums to be levied on all of the assessed property of
the Port of Seattle District in the Year 2011. 
Public Hearing 
Second Reading and Final Passage. 
ACTION REQUESTED: 
Second Reading and Final Passage of Resolution No. 3645, adopting the final budget 
of the Port of Seattle for the Year 2011; making, determining, and deciding the 
amount of taxes to be levied upon the current assessment roll; and directing the King 
County Council as to the specific sums to be levied on all of the assessed property of 
the Port of Seattle District in the Year 2011. 
BACKGROUND: 
The Port has prepared the Port of Seattle Preliminary 2011 Budget, and a Notice of Public Hearing 
was published in the Seattle Daily Journal of Commerce on October 25 and November 1, 2010, as
required by statute. This notice included the information that copies of the preliminary budget
would be available to the general public at Pier 69 on October 28, 2010. The 2010 budget process
includes publishing budget guidelines, conducting an executive review, discussing the budget in a
number of Commission meetings, holding two public hearings, and preparing the final budget
document after the Second Reading and Final Passage of the budget resolution. 
Staff recommends the following Final Budget process: 
November 23, 2010  Second Reading and Final Passage of Resolution No. 3645. 
December 2, 2010  Submittal of the Final 2011 Budget to the King County Council. 
December 15, 2010  Release of the Final 2011 Budget and Draft Plan of Finance to the public

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
November 12, 2010 
Page 2 of 2 

OTHER DOCUMENTS ASSOCIATED WITH THIS REQUEST: 
Resolution No. 3645. 
PowerPoint: 2011 Preliminary Budget  Second Reading and Final Passage. 
PREVIOUS COMMISSION ACTION OR BRIEFINGS: 
November 2, 2010  Budget Roundtable Discussion. 
November 9, 2010  First Reading of Resolution No. 3645.