P.O. Box 1209 
Seattle, Washington 98111 
www.portseattle.org 
206.787.3000 
APPROVED MINUTES 
COMMISSION SPECIAL MEETING OCTOBER 12, 2021 
The Port of Seattle Commission met in a special meeting Tuesday, October 12, 2021. The meeting
was held remotely in accordance with Senate Concurrent Resolution 8402 and the Governor's
Proclamation 20-28. Commissioners Bowman, Calkins, Cho, Felleman, and Steinbrueck were
present. 
1.    CALL TO ORDER 
Pursuant to RCW 42.30 and Article IV, Section 8, of the commission bylaws, the meeting convened
at 8:30 a.m. to conduct a study session regarding the 2022 Aviation Division Operating and Capital
Budgets. 
2.    PRESENTATIONS AND DISCUSSION 
Presenters 
Steve Metruck, Executive Director 
Lance Lyttle, Managing Director, Aviation 
Borgan Anderson, Director, AV Finance & Budget 
Keri Stephens, Manager, AV Capital Programs 
Jeffrey Brown, Chief Operating Officer, Aviation 
Presentation Materials 
2022 Aviation Division Operating and Capital Budgets Presentation 
Members of the Commission received a presentation from Executive Director Metruck and staff. The
presentation addressed: 
strategy to budget; status on Century Agenda Objectives; SWOT; 
strategic priorities; 
operating budget; 
capital budget 2022  2026; and 
financial forecast 2022  2026. 
Members of the Commission, Executive Director Metruck, and staff discussed: 
federal funding allocations; 
no contingency built into the Sustainable Airport Master Plan; 
a Sustainable Airport Master Plan goal built into the sustainable aviation goal; 
Digital recordings of the meeting proceedings and meeting materials are available online  www.portseattle.org.

PORT COMMISSION SPECIAL MEETING MINUTES                       Page 2 of 2 
TUESDAY, OCTOBER 12, 2021 
how the 2014 noise goal was selected; 
passenger forecast assumptions; 
the projected increase in budget in 2022; 
a projected continued high level of spending in the next several years due to planned
projects; 
indication of what growth of employees in the next few years is expected to be; 
the need to conduct an updated staffing study; 
how snow events are funded; 
how parking rates are determined and if the budget contemplates increases in rates  rate
increases are envisioned sometime in the future; 
'payroll vacancy factor;' 
costs associated with onboarding new employees  Executive Director Metruck stated that
he could provide more information and forecasts on moving forward, including costs, with
respect to the overall view of the workforce; 
debt service coverage ratio and how debt service is paid; 
capital program growth and how we are accounting for that growth; 
areas of planned development that necessitate additional resources; 
air service incentives; 
cost center allocations and categories; 
having additional definitions of what categories mean; 
project driven reductions in the environmental liability category; 
a budget line item for electrical tugs; 
what a regional solution means for on-site industrial waste treatment; 
how the Port compares with other ports around the country with respect to cost per
enplanement; 
the average term for bonds and how cost overruns are accounted for; and 
funding in 2022 to complete environmental review for sustainable airport master planning. 
3.    ADJOURNMENT 
There being no further business, the meeting adjourned at 10:15 a.m. 

Prepared:                                      Attest: 

Michelle M. Hart, Commission Clerk              Sam H. Cho, Commission Secretary 
Minutes approved: October 26, 2021. 


Minutes of November 17, 2020, submitted for review on December 3, 2020, and proposed for approval on December 8, 2020. 
Minutes of October 27, 2020, submitted for review on November 5, 2020, and proposed for approval on November 10, 2020.