RESOLUTION NO. 3663 
A RESOLUTION   of the Port Commission of the Port of Seattle
restating the Port of Seattle Statement of Investment
Policy;  authorizing  its  implementation  by  the
Treasurer of the Port and repealing Resolutions No.
3569 and No. 3589 in their entirety. 
WHEREAS, on December 11, 2001, the Port Commission adopted Resolution No. 3476 
appointing the Chief Financial Officer of the Port as the Treasurer of the Port ("Treasurer")
pursuant to RCW 53.36.010; and 
WHEREAS, the Treasurer developed a Port of Seattle Statement of Investment Policy 
("Policy") in order to facilitate the exercise of the Treasurer's responsibilities; and 
WHEREAS, pursuant to Resolution No. 3487, the Port Commission adopted the Policy
effective June 11, 2002; and 
WHEREAS, consistent with the Association of Public Treasurers of the United States
and Canada and the Government Finance Officers' Association best practices, the Chief
Financial Officer completed a review of the Policy resulting in the Port Commission's adoption
of Resolution No. 3569 on December 12, 2006; and 
WHEREAS, on October 23, 2007 the Port Commission adopted Resolution No. 3589
that amended section ten of the Port of Seattle Statement of Investment Policy; and 
WHEREAS, the investment objectives of the Policy are to ensure the safety of the
principal, maintain liquidity of the Port's investment portfolio and seek a yield reflecting a
market rate of return; and 
WHEREAS, Port of Seattle staff (Port staff) recommend that the requirements
concerning Repurchase Agreements be amended to allow Port staff to enter into Agreements
with Port-approved brokers and financial institutions; and 
WHEREAS, Port staff recommends that the Repurchase Agreement Collateral be 
extended to the overall maturity limits of the current policy, which is ten years; and 
WHEREAS, Port staff also recommends a number of housekeeping edits to the current
investment policy that are depicted in Exhibit A to clarify and correct language.

NOW, THEREFORE, BE IT RESOLVED by the Port Commission of the Port of
Seattle that:

Section 1.  Resolutions No. 3569 and 3589 are repealed. 

Section 2.  The restated Port of Seattle Statement of Investment Policy is adopted as
provided in Exhibit A. 

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. 






Port Commission