ITEM NO. 6a Attach 3 
DATE OF 
MEETING July 10, 2012
RESOLUTION NO. 3664 
A RESOLUTION   of the Port Commission of the Port of Seattle
approving the First Amendment of the Interlocal
Agreement between the City of Auburn and the Port
of Seattle to transfer approximately 55 acre feet of
surplus floodplain storage credit to the City of
Auburn and authorizing conveyance of a permanent
easement to the City of Auburn. 
WHEREAS, on March 18, 1998, the Port of Seattle ("Port") and the City of Auburn
("City") entered into an Interlocal Agreement ("ILA") regarding wetland construction,
infrastructure improvements and property transfer on the real property ("Property") located in the
City and purchased by the Port to provide off-site mitigation of wetland impacts for the
construction of the third runway at Seattle-Tacoma International Airport; and 
WHEREAS, the Property is owned by the Port and described on the attached exhibit
"A"; and 
WHEREAS, the First Amendment to the ILA is attached as exhibit "B"; and 
WHEREAS, the Port and the City anticipated that once the permitting process for the
third runway was completed, Port would convey to the City excess flood storage capacity located
on the Property that was not needed to mitigate adverse impacts from the construction of the
third runway for mitigation of floodplain development and adverse floodplain impacts from other
private development located in the City; and 
WHEREAS, Chap. 39.33 RCW provides that the Port may "sell, transfer, exchange,
lease or otherwise dispose of any property  to the state or any municipality or any political
subdivision thereof  on such terms and conditions as may be mutually agreed upon."; and 
WHEREAS, RCW 39.33.020 allows the Port to declare real property surplus and no
longer needed for port district purposes and to transfer a portion of the floodplain storage
capacity credit to the City: and 
WHEREAS, on December 28, 2011, a qualified appraiser estimated the value of the
excess floodplain credit on the Property that would be conveyed to the City pursuant to the First
Amendment to the ILA to be $1,493,680; and 
WHEREAS, the First Amendment to the ILA will transfer approximately 55 acre feet of
floodplain storage credit to the City and retain approximately 11.2 acre feet of floodplain storage
credit to accommodate future development on the Property; and 
WHEREAS, the Port will convey a permanent easement to the City of Auburn on the
Property for utilization of the floodplain storage credit; and

WHEREAS, the Port of Seattle Commission have discussed and considered the proposed
property transfer in light of all comments by members of the public at the public hearing; 

NOW, THEREFORE, BE IT RESOLVED by the Port Commission of the Port of
Seattle that: 
Section 1.  The 55 acre feet of floodplain storage capacity located on the Property
described in exhibit A is no longer needed for Port purposes and is declared surplus to Port
needs. 

Section 2.  The Chief Executive Officer is authorized to take all steps and execute all
documents necessary to execute the First Amendment to the ILA, in substantially the same form
as shown in exhibit B, to transfer excess flood storage capacity located on the Property to the
City and to convey a permanent easement to the City to allow the Property to be utilized for
flood storage capacity.

ADOPTED by the Port Commission of the Port of Seattle at a regular meeting thereof, 
held this         day of                , 2012, 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