PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.      6d 
ACTION ITEM 
Date of Meeting    November 11, 2014 
DATE:    November 4, 2014 
TO:      Ted Fick, Chief Executive Officer 
FROM:   Steve Queen, Container Operations Manager, Seaport Leasing and Asset
Management 
Mark Lewis, Project Manager, Marine Maintenance 
SUBJECT:  First Reading of Resolution No 3700, declaring certain personal property surplus
(Port of Seattle Aerial Work Platform SPE 527) for Port of Seattle purposes and
authorizing its sale or disposal. 
Source of Funds: No funding requested at this time. 

ACTION REQUESTED 
Request First Reading of Resolution No. 3700: A Resolution of the Port Commission of the Port
of Seattle declaring certain personal property surplus (Port of Seattle Truck Mounted Aerial
Work Platform SPE 527) for Port of Seattle purposes and authorizing its sale or disposal; and
authorizing the Chief Executive Officer to execute all documents related to such sale or disposal. 
SYNOPSIS 
The 1997 Condor Model 210S Truck Mounted Aerial Work Platform (SPE 527) was purchased
in 1998 for the purpose of maintaining, painting and regular inspections of the Container Cranes. 
At the time of purchase, this was the tallest US manufactured mobile Aerial Work Platform 
available. With a lift height of 210 feet, the Condor Aerial Work Platform was capable of
reaching the heights required for service and crane maintenance. 
The Port of Seattle (Port) turned over the Crane Maintenance to tenants in 2000. With the shift of
crane maintenance, the use and utilization of SPE 527 has decreased dramatically. SPE 527 is no
longer needed for Port purposes and it is in the best interest of the Port that said property be
declared surplus and sold or disposed of while it is still in good operating condition. 
BACKGROUND 
The Condor Truck Mounted Aerial Work Platform (SPE 527), located at Marine Maintenance
was purchased in 1998 at a cost of $1,173,326 for the purpose of maintaining / painting the
Container Cranes and for performing critical inspections. At the time of purchase, there was no
other US manufactured Aerial Work Platform available that could reach the heights required to
service the taller Post Panamax Cranes owned by the Port of Seattle. 

Template revised May 30, 2013.

COMMISSION AGENDA 
Ted Fick, Chief Executive Officer 
November 4, 2014 
Page 2 of 3 
The Port no longer performs Crane Maintenance and SPE 527 is no longer needed. In order to
maintain the maximum marketability of the Condor Aerial Work Platform, it is desirable to sell
while it is fully functional and still in good operating condition. Without use and maintenance, 
this equipment tends to deteriorate rapidly due to corrosion. 
A local auction company estimated that SPE 527 would sell at public auction within the range of
$87,000 to $105,000. 
RCW 53.08.090 provides that a port district "may sell or convey any of its real or personal
property" valued at more than $17,000 (amount adjusted annually) "when the port district has, by
resolution, declared the property to be no longer needed for district purposes." 
PROJECT JUSTIFICATION AND DETAILS 
Project Objectives 
Advertise and sell the Condor Aerial Work Platform, SPE 527 for use by others while it is still in
good operating condition. 
RCW 53.08.090 requires the Commission to adopt a resolution to sell or convey personal
property valued at more than $17,000. 
Schedule 
December 2014 - Advertise for sale 
FINANCIAL IMPLICATIONS 
Port purchased the Condor Aerial Work Platform, SPE 527 for $1,173,326 in 1998. Its estimated
value at auction is in the range of approximately $87,000 to $105,000. The net book value of
SPE 527, as of October 31, 2014, is $210,221 
Budget Status and Source of Funds 
No funding is requested with this commission request.
The advertisement for the sale of SPE 527 will be funded by the Seaport General Fund.
Financial Analysis and Summary 
CIP Category             N/A 
Project Type              N/A 
Risk adjusted discount rate     N/A 
Key risk factors             Key risk factors include the possibility that no buyer will
be found for the Condor SPE 527. 
Project cost for analysis        N/A 
Business Unit (BU)          Seaport - Containers

COMMISSION AGENDA 
Ted Fick, Chief Executive Officer 
November 4, 2014 
Page 3 of 3 
Effect on business performance  The sales proceeds, of the net book value of SPE 527, will
be recognized as a non-operating gain or loss on sale in
the year of sale.
IRR/NPV             N/A 
STRATEGIES AND OBJECTIVES 
This request supports the Seaport Division's business plan strategic goal to "maintain existing
assets and invest in new developments to sustain and enhance Seaport vitality" by disposing of
equipment no longer needed for Port purposes. 
ALTERNATIVES AND IMPLICATIONS CONSIDERED 
Alternative 1) Doing nothing would leave SPE 527 as is / unused in a condition where it would
continue to decline in value. This is not the recommended alternative. 
Alternative 2)  Adopt Resolution No. 3700, which allows the Port to advertise for sale one
1997 Condor Aerial Work Platform, SPE 527 for use by others or trade for new equipment. 
This is the preferred alternative. 
ATTACHMENTS TO THIS REQUEST 
Resolution No. 3700 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
March 10, 1998, Commission authorized for the Manager, Purchasing to enter a fiveyear
sole source lease-purchase agreement for procurement of one "210 Foot Reach-all
truck."