RESOLUTION NO. 3634 

A RESOLUTION of the Port Commission of the Port of Seattle adopting
the final budget of the Port of Seattle for the year 2010;
making, determining, and deciding the amount of taxes
to be levied upon the current assessment roll; providing
payment of bond redemptions and interest, cost of
future capital improvements and acquisitions, and for
such general purposes allowed by law which the Port
deems necessary; and directing the King County
Council as to the specific sums to be levied on all of the
assessed property of the Port of Seattle District in the
Year 2010. 

WHEREAS, the Port of Seattle Commission, on the 10th day of November, 2009,
prepared the preliminary budget of the Port of Seattle for the year 2010 and provided for the
publication of Notice of Final Budget Hearing on the adoption of said budget, to be heard on the
23rd day of November, 2009, when taxpayers might appear and present objections to said
preliminary budget; and 

WHEREAS, a public hearing on said preliminary budget was held in the office of the
Port Commission, pursuant to notice duly given, in the City of Seattle, County of King, State of
Washington, on the 10th and 23rd day of November, 2009, at 2:00 p.m. and 1:00 p.m.
respectively; and 

WHEREAS, all parties present were afforded a full opportunity to present objections to
the preliminary budget, and the Port Commission being duly advised in the premises; and 

WHEREAS, the King County Assessor has notified the Commissioners of the Port of
Seattle that the preliminary assessed valuation of the property lying within the boundaries of said
district for the year 2009 is $340,781,337,521 (after omitted assessments). 

NOW, THEREFORE, BE IT RESOLVED, by the Port Commission of the Port of
Seattle that the preliminary budget of the Port of Seattle for the year 2010, as presented at the
aforementioned hearing, is hereby adopted as the final budget of the Port of Seattle for the Year
2010; and

BE IT FURTHER RESOLVED, that the amount of taxes to be levied by the Port of
Seattle on the current assessment rolls to provide for payment of bond redemption and interest on
the Port of Seattle General Obligation Bonds, for future expenditures for acquisitions and capital
improvements and for such general purposes allowed by law which the Port deems necessary be
set and deposited is $70,000,000; and 

BE IT FURTHER RESOLVED, that the King County Council, State of Washington, be
notified that the specific sum herein mentioned being a total of $70,000,000 is necessary to be
raised by taxation to meet the payment of bond redemption and interest on Port of Seattle
General Obligation Bonds, of future expenditures for acquisitions and capital improvements, and
of costs for such general purposes allowed by law which the Port deems necessary, as set forth
for the period January 1, 2010 and thereafter; that said King County Council be respectfully
requested to make a levy in said amount for the aforesaid purposes; and 

BE IT FURTHER RESOLVED, that the above is a true and complete listing of levies
for said District for collection in the year 2010 and they are within the maximums established by
law. 

ADOPTED by the Port Commission of the Port of Seattle at a regular meeting held this
____ day of ________________________, 2009, and duly authenticated in open session by the
signatures of the Commissioners voting in favor thereof and the seal of the Commission. 




Port Commission