Item No. 8a 
Meeting Date: November 13, 2018 
RESOLUTION NO. 3751, as amended 
A RESOLUTION   of the Port Commission of the Port of Seattle adopting the final
budget of the Port of Seattle for the year 2019; making,
determining, and deciding the amount of taxes to be levied
upon the current assessment roll; providing payment of bond
redemptions and interest, cost of future capital improvements
and acquisitions, and for such general purposes allowed by law
which the Port deems necessary; 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
2019. 
WHEREAS, the Port of Seattle in the Century Agenda commits to create economic opportunity
for all, steward our environmental responsibly, partner with surrounding communities, promote social 
responsibility, conduct ourselves transparently, and hold ourselves accountable; and 
WHEREAS, the Port of Seattle's Century Agenda outlined goals of meeting current demand as a
business gateway and tourism hub for the region, and further expressed the need to anticipate future
growth of the region and to prepare for the ensuing demand for cruise, maritime, and aviation all for the
economic benefit of the region; and 
WHEREAS, The Port of Seattle Commission is committed to the responsible stewardship of 
public tax revenue, financial transparency, and an open budget process; and 
WHEREAS, The Port of Seattle and its Commission are committed to making strategic
investments necessary to promote a thriving maritime and industrial economy and recognize that
increasing pressure on industrial lands and freight corridors in the region threatens the viability of this
sector; and 
WHEREAS, The long-term viability of the maritime and industrial sector is dependent on a
robust and well trained workforce and the sector is facing both an aging workforce and a limited influx of
trained younger workers to replace those approaching retirement and the need to strengthen training and
pathways into the sector; and 
WHEREAS, The Port of Seattle Commission is committed to reducing our carbon footprint by
investing in solutions to become the "greenest" and most efficient port in the nation. We are further
committed to assisting and incentivizing those we do business with in order to reach these goals; and 




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WHEREAS, the Port of Seattle Commission has determined that the mission of the Port is to
create good jobs in the region by advancing trade and commerce, promoting manufacturing and maritime
growth, and stimulating economic development; and 
WHEREAS, the Port of Seattle Commission, on the 25th day of October, 2018, provided the
2019 Preliminary Budget of the Port of Seattle to the public and provided for the publication of Notice of
Budget Hearing to consider adoption of a final budget, to be heard on the 13th day of November, 2018,
when taxpayers might appear and present objections to the 2019 Preliminary Budget; and
WHEREAS, a public hearing on the 2019 Preliminary Budget was held in the Port Commission
Chambers, pursuant to notice duly given, in the City of Seattle, County of King, State of Washington, on
the 13th of November 2018, at 1 p.m.; and 
WHEREAS, all parties present at said hearing were afforded a full opportunity to present
objections to the 2019 Preliminary Budget, and the Port Commission being duly advised in the premises; 
and 
WHEREAS, the King County Assessor notified the Commissioners of the Port of Seattle on the
15th day of October, 2018, that the regular levy assessed value of the property lying within the boundaries
of the Port of Seattle district ("Port District") for the year 2018 is 
$602,029,823,670 (after omitted assessments); and 
WHEREAS, the King County Assessor notified the Commissioners of the Port of Seattle on the
15th day of October, 2018, that the maximum allowable levy is $104,150,512 including 
$157,107 levy for prior year refunds and the Port intends to retain this levy capacity; 
NOW, THEREFORE, BE IT RESOLVED, by the Port Commission of the Port of Seattle that
the 2019 Preliminary Budget, as updated and amended at the November 13, 2018 Port Commission 
hearing, and as may have been further amended by the Port Commission on this 27th of November, 2018,
is hereby adopted as the final budget of the Port of Seattle for the Year 2019. Said final budget includes
the statutory budget required under RCW 53.35.040. A copy of the final budget shall be made available to 
the public on the Port of Seattle website. 
BE IT FURTHER RESOLVED, that the amount of taxes to be levied by the Port of Seattle on
the current assessment rolls to provide for payment of bond redemption and interest on the Port of Seattle
General Obligation Bonds, for future expenditures for acquisitions and capital improvements and for such
general purposes allowed by law which the Port deems necessary be set and deposited is still pending
commission approval.




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BE IT FURTHER RESOLVED, that the King County Council, State of Washington,
be notified that the specific sum herein mentioned being a total of $74,160,000 is necessary to be
raised by taxation to meet the payment of bond redemption and interest on Port of Seattle
General Obligation Bonds, of future expenditures for acquisitions and capital improvements, and
of costs for such general purposes allowed by law which the Port deems necessary, as set forth
for the period January 1, 2018 and thereafter; that said King County Council be respectfully
requested to make a levy in said amount for the aforesaid purposes. 
BE IT FURTHER RESOLVED, that the above is a true and complete listing of levies
for the Port District for collection in the year 2019 and they are within the maximums
established by law. 
ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting
held this 27th day of November, 2018, and duly authenticated in open session by the signatures
of the Commissioners voting in favor thereof and the seal of the Commission. 

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Port Commission 






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