PORT OF SEATTLE 
MEMORANDUM 

COMMISSION AGENDA             Item No.      5d 
Date of Meeting     July 28, 2009 
DATE:    May 12, 2009 
TO:      Tay Yoshitani, Chief Executive Officer 
FROM:    James R. Schone, Director, Aviation Business Development 
W. Allan Royal, Manager, Port Real Estate Development 
SUBJECT:  Acquisition of the private roadway owned by Washington Memorial Park
constituting a section of 28th Avenue in SeaTac, Washington for a required
realignment of Host Road in support of the Seattle-Tacoma International Airport
and the Rental Car Facility Project (RCF). 

REQUESTED ACTION: 
Request for authorization for the Chief Executive Officer to execute all necessary documents to
acquire by purchase a portion of the private roadway (Property) owned by Washington Memorial
Park and located off International Boulevard and South 160th Street in SeaTac, Washington 
(Exhibit A) for an additional $300,000; which brings the total authorization to $10,955,850. 
SYNOPSIS: 
The Property that is the subject of this memo is needed to achieve the realignment of Port-owned
Host Road which currently runs parallel to Washington Memorial Park's private roadway. Host
Road needs to be realigned to meet the design requirements of the Washington State Department
of Transportation (WSDOT) limited access alignment onto the proposed new freeway on-ramp 
to State Route 518 from South 160th Street. The proposed new freeway on-ramp is necessary to
the development of the RCF. 
BACKGROUND 
The Port of Seattle (Port) has been pursuing the development of the RCF in the vicinity of
International Boulevard and South 160th Street due to constraints in public parking, terminal
roadway, and the existing rental car lease areas. The development of the facility requires the
acquisition of private property and the vacation of a public roadway. A total of five private
properties have been acquired to date and ten commercial tenants have been successfully
relocated.

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
May 12, 2009 
Page 2 of 6 

The Property is owned by Washington Memorial Park, a cemetery authority. The Property is
required in order to comply with WSDOT design requirements for a limited access alignment
onto the proposed new freeway on-ramp to SR 518. The new on-ramp is required for the RCF. 
The proposed transaction would allow the Port to take title to Washington Memorial Park's Property. 
The consideration for Washington Memorial Park will include: 
A price of $262,500.00 
based on appraisal and review appraisal; 
Three temporary easements 
to allow access to the cemetery through the sequential phases of construction necessary for the
Host Road realignment; 
A permanent easement for
access to the realigned Host Road; 
Relocation of the existing
Bonney-Watson sign or reimbursement for the sign's replacement; 
Reimbursement, in an
amount not to exceed $5,000 of attorney's fees and costs expended by Washington Memorial Park
on legal action to remove the Property from cemetery dedication and legal advice related to the
purchase and sale agreement. As part of its good faith cooperation with the Port, Washington
Memorial Park obtained an Order and Decree from King County Superior Court demonstrating
that the Property has been removed from cemetery dedication pursuant to Chapter 68.24 RCW
and has delivered a copy of said Order to the Port. Absent the Order, the Port would not be able 
to buy the Property from Washington Memorial Park. 
PROJECT DESCRIPTION AND JUSTIFICATION: 
Project Statement: 
Acquire property to support the development of the RCF at International Boulevard and South
160th Street. 
Project Objectives: 
Provide sufficient property for the development of the RCF. 
Meet the commitments identified in the 1997 Inter-local Agreement between the Port and
City of SeaTac (street vacation and zoning requirements). 
Scope of Work:

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
May 12, 2009 
Page 3 of 6 

Acquire the Property from Washington Memorial Park to achieve compliance with WSDOT's
design requirements for limited access alignment of roadway onto the proposed new freeway onramp
to SR 518. 

STRATEGIC OBJECTIVES: 
This project supports the Port's strategy to Ensure Airport and Seaport Vitality by ensuring
future road requirements. 
BUSINESS PLAN OBJECTIVES: 
This project supports the Aviation Division's Non-Aeronautical Business Plan Strategy. The
requested action supports the RCF project which provides a long-term solution for rental car
operations at the Airport. The rental car business is a significant contributor to the airport's nonaeronautical
net income. 
FINANCIAL IMPLICATIONS 
The cost to the Port of acquiring Washington Memorial Park's Property includes a purchase price of
$262,500.00 as well as other consideration identified in the Purchase and Sale Agreement (Exhibit B)
and summarized in the Background to this Memorandum. The purpose of such additional
consideration is to make Washington Memorial Park whole for the loss of its private roadway access
from South 160th Street. The cost for the temporary easement is included in the current budget
request. The costs for the permanent easement and sign relocation will be part of the RCF program
costs. 
Capital Budget/Authorization Summary: 
Original Budget                                    $6,000,000 
Budget Increase                                    $10,540,000 
Budget Transfer                                     ($64,000) 
Revised Budget                                  $16,476,000 
Previous Authorizations                               $10,655,850 
Current request for Authorization                            $300,000 
Total Authorizations, including this request                   $10,955,850 
Remaining Budget to be authorized                        $5,520,150

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
May 12, 2009 
Page 4 of 6 



Project Cost Breakdown: 
Current Request 
Construction Costs                                        $0 
Sales Tax                                              $0 
Outside Professional Services                              $37,500 
Other                                              $262,500 
Total                                               $300,000 
Source of Funds: 
This project is included in the 2009-2013 Capital Budget and Plan of Finance under
Consolidated RCF Land Acquisition (CIP #C101110). The funding source for this project will
be the Airport Development Fund. 
Financial Analysis: 
CIP Category:              Revenue/Capacity Growth 
Project Type:               Business Expansion 
Risk adjusted Discount Rate:     N/A 
Key Risk Factors:            N/A 
Project Cost (for analysis):      $16,476,000 
Business Unit:              Operations, Rental Cars 
Effect on Business Performance:  Non-aeronautical NOI will increase 
IRR/NPV:              Approximately 8.5% IRR 
CPE Impact:              None 
The acquisitions to support the development of the RCF have been categorized as
Revenue/Capacity Growth  Business Expansion. For this project, we anticipate earning a fair
market rate of return through land rent (approximately 8.5%).

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
May 12, 2009 
Page 5 of 6 



ALTERNATIVES CONSIDERED/RECOMMENDED ACTION 
Take no action. This alternative would cause WSDOT to not approve the off-site street
design required to obtain the on-ramp to SR 518. This is not a recommended alternative. 
Proceed with the Acquisition. This will allow the Port to proceed with the approval process
for off-site street design. This is the recommended alternative. 
ENVIRONMENTAL: 
The Port's environmental consultant conducted a Phase 1 Environmental Site Assessment on the
parcel. The assessment did not reveal any recognized environmental condition as defined by the
American Society of Testing and Materials. 
TRIPLE BOTTOM LINE: 
This project continues to support the long term economic vitality of the Airport by increasing
available public parking and supporting rental car operations. The relocation of rental car
operations from the Main Garage will provide an additional 3,200 public parking spaces for
airport parking customers. In addition, the RCF will provide sufficient capacity to support rental
car operations for the long-term and help alleviate traffic on the airport expressway. 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS: 
On September 12, 2000, the Commission authorized $300,000 for the completion of the due
diligence process for property acquisition to support the consolidated RCF. 
On September 13, 2001, the Commission authorized $267,600 for the acquisition of certain
real property (Victor DiPietro  15601 Pacific Highway South, SeaTac, WA and Gurmit and
Mohinder Gill  15845-15847 International Boulevard, SeaTac, WA) to support the
consolidated RCF. 
On January 22, 2002, the Commission authorized $80,000 for relocation assistance for the
owners and tenants of real properties recently acquired by the Port (Victor DiPietro  15601
Pacific Highway South, SeaTac, WA and Gurmit and Mohinder Gill  15845-15847
International Boulevard, SeaTac, WA) in support of the consolidated RCF. 
On February 4, 2004, the Commission authorized $200,000 for the due diligence process for
property acquisition to support the consolidated RCF.

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
May 12, 2009 
Page 6 of 6 

On October 12, 2004, the Commission authorized $450,000 for the acquisition of certain real
property (Jack E. Nichols  3061 South 158th Street, SeaTac, WA) to support the
consolidated RCF. 

On December 9, 2004, the Commission authorized $4,516,000 for the acquisition of certain
real property (S. Michael Rodgers  15636 and 15653 International Boulevard South,
SeaTac, WA) to support the consolidated RCF. 
On June 28, 2005, the Commission authorized $1,060,000 for relocation assistance for the
owners and tenants of real properties recently acquired by the Port (Jack E. Nichols  3061
South 158th Street, SeaTac, WA and S. Michael Rodgers  15636 and 15653 International
Boulevard South, SeaTac, WA) in support of the consolidated RCF. 
On February 14, 2006, the Commission authorized $2,600,000 for the acquisition, legal,
administrative and business relocation costs of certain real property (James Cassan - 15823,
15833, and 15835 International Boulevard South, SeaTac, WA) in support of the
consolidated RCF. 
On February 28, 2006, the Commission approved Resolution No. 3561 providing for the
condemnation of certain real property known as the James and Doris Cassan Property located
at 15823, 15833, and 15835 International Boulevard South, SeaTac, Washington (King
County Tax ID Numbers 222304-9042, 222304-9055, 222304-9064 and 222304-9075). 
On May 31, 2007, the Commission authorized the relocation of tenants, and legal and
administrative costs associated with the acquisition of certain real property known as the
James and Doris Cassan Property (15823, 15833, and 15835 International Boulevard South,
SeaTac, Washington) for an additional cost of $355,000, for a total project authorization of
$9,828,600. 
On April 22, 2008, the Commission authorized the acquisition of the City of SeaTac vacated
street (158th Street South) for an additional cost of $677,000. 
On June 24, 2008, the Commission authorized the acquisition of POS Parcel 905/Desimone,
King County Tax ID Number 222304-9031 for an additional cost of $150,000 for a total
project authorization to date of $10,655,850.