Item 6b Memo
PORT OF SEATTLE MEMORANDUM COMMISSION AGENDA Item No. 6b Date of Meeting November 23, 2009 DATE: November 12, 2009 TO: Tay Yoshitani, Chief Executive Officer FROM: Dan Thomas, Chief Financial Officer Elizabeth Morrison, Senior Manager Corporate Finance SUBJECT: Resolution No. 3632, authorizing an increase in limit factor for maximum levy capacity pursuant to RCW 85.55.0101. Request the Second Reading and Final Passage of Resolution No. 3632. BACKGROUND On October 29, 2009, copies of the Port of Seattle Preliminary 2010 Budget were made available to the Port Commission and general public. Notice of Public Hearing and availability of copies of the Budget was published in the Daily Journal of Commerce for two consecutive weeks, as required by statute. The resolution is to include public hearings on the 10th and 23rd of November, 2009. Staff recommends the following Final Budget process: November 23, 2009 Second Reading and Final Passage of Resolution No. 3632. December 1, 2009 Submittal of the Final 2010 Budget to the King County Council. REQUESTED ACTION Resolution No. 3632, authorizing an increase in limit factor for maximum levy capacity pursuant to RCW 85.55.0101. Request the Second Reading and Final Passage of Resolution No. 3632.
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