RESOLUTION NO. 3762

A RESOLUTION   of the Port Commission of the Port of Seattle
declaring surplus and no longer needed for port
district purposes approximately 417,963 square feet
(9.6 acres) of Port-owned real property located in the
City of SeaTac, King County; and further
authorizing the Executive Director, or his designee,
to finalize negotiation, prepare and execute all
necessary documents to transfer said real property to
WSDOT for use in the extension of SR 509 in
connection with WSDOT’s SeaTac to I-5 Freeway
Extension / SR 509 Corridor Completion Program
Phase I Project.
WHEREAS, the voters of King County, pursuant to the provisions of enabling
legislation adopted by the Legislature of the State of Washington, Chapter 92, Laws of 1911,
RCW 53.04.010, authorized and approved at a special election held in King County on the 5th
day of September 1911, the formation of a port district coextensive with King County to be
known as the Port of Seattle; and
WHEREAS, the Port of Seattle (the “Port”) was thereupon established as a port district
and has since been and now is a duly authorized and acting port district of the State of
Washington; and
WHEREAS, the Port owns certain real property consisting of approximately 417,963
square feet (9.6 acres) located in the City of SeaTac, King County, Washington with the legal
description as set forth on attached Exhibit A together with the improvements thereon
(collectively, the “Property’); and
WHEREAS, the State of Washington Department of Transportation (“WSDOT”) by
letter dated August 7, 2018 has offered to purchase the Property from the Port, under threat of
condemnation, for the purchase price of $7,410,000 (the “WSDOT Purchase Offer”), said offer
price being determined based on a market value appraisal prepared by Philip L. Brodt,
Washington State Certified General Real Estate Appraiser (License No. 1101898) (the “WSDOT
Appraisal”); and
WHEREAS, WSDOT intends to utilize the Property as part of the right-of-way for the
extension of SR 509 in connection with its SeaTac to I-5 Freeway Extension / SR 509 Corridor
Completion Program Phase I project; and
WHEREAS, the Port has reviewed the WSDOT Purchase Offer and the WSDOT
Appraisal, including review of a third-party validity assessment of the WSDOT Appraisal
prepared by Kidder Mathews, the Port’s Member Appraisal Institute (MAI) appraiser; and
WHEREAS, pursuant to Chapter 39.33 of the Revised Code of Washington
(Intergovernmental Disposition of Property Act) the Port may sell, transfer, exchange, lease or
otherwise dispose of real and personal property to the state, any municipality or any political
subdivision thereof on such terms and conditions as may be mutually agreed upon by the
governing authorities of the participating entities; and

                     WHEREAS, a resolution declaring the Property surplus to port district needs and no
longer needed for port district purposes is a prerequisite to sale of the Property; and
WHEREAS, an official public hearing was held October 8, 2019, after notice of such
hearing was duly published as provided by law, to consider whether the Property should be
declared surplus to port district needs and no longer needed for port district purposes, and
authorization for its sale to WSDOT; and
WHEREAS, the maps and other data regarding the Property proposed for transfer to
WSDOT are on file at the offices of the Port’s Airport Properties Division; and
WHEREAS, the Port of Seattle Commission has heard from all persons desiring to speak
at the public hearing regarding the proposed transfer of the Property; and
WHEREAS, the members of the Port of Seattle Commission have considered the
proposed sale of the Property to WSDOT and any comments by members of the public attending
the public hearing;
NOW, THEREFORE, BE IT RESOLVED by the Port Commission of the Port of
Seattle that:

Section 1.      The Property, described on Exhibit A attached to this Resolution, is no longer
needed for Port purposes and is hereby declared surplus to Port needs.

Section 2.     The Executive Director is authorized authorizing the Executive Director, or his
designee, to finalize negotiation, prepare and execute all necessary documents to sell the
Property to WSDOT for a purchase price of Seven Million Four Hundred Ten Thousand and
00/100 Dollars ($7,410.000).

ADOPTED a the Port Commission of the Port of Seattle at a regular meeting thereof, held this
2 day of                and duly authenticated in open session by the signatures of
, 2019,
the Commissioners voting in favor thereof and the seal of the Commission.
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