P.O. Box 1209 
Seattle, Washington 98111 
www.portseattle.org 
206.787.3000 
APPROVED MINUTES 
COMMISSION SPECIAL MEETING AUGUST 6, 2020 
The Port of Seattle Commission held a special meeting, Wednesday, August 6, 2020, as a
commission retreat session. The retreat was held remotely in accordance with the governor's 'Safe
Start' order and Proclamation 20-28. Commissioners Bowman, Calkins, Cho,  Felleman, and
Steinbrueck were present. 
The meeting convened approximately at 8:30 a.m. 
Presentation materials included a packet containing the following documents: 
Maritime and Economic Development CIP and Capital Funding 
Preliminary Tax Levy Discussion 
Commissioners and staff met in a retreat to discuss updates to the 2020 budget, industry analysis,
analysis of non-airport financial performance and CIP funding capacity, and Commission priorities
for the remainder of the budget year. 
Members of the Commission and staff discussed: 
the Maritime and Economic Development Capital Improvement Program (CIP) and capital
funding 
o  budget timeline; 
o  pandemic challenges requiring an iterative CIP  review with the Commission; 
o  2021 budget guiding principles; 
o  capital planning guidelines; 
o  capital improvement plan priorities; 
o  2021  2025 capital capacity  key assumptions; 
o  a revised preliminary capital investment plan; 
o  preliminary 2021  2025 CIP spending recommendations; 
o key capital project review for cruise, Fisherman's Terminal Gateway project, T91
uplands Phase 2, and increased reserves; 
o  2021 preliminary capital spending; 
o  conclusions; and 
adjusting to new business realities 
adjusting to new constrained financial capacity 
providing flexibility  levers for different scenarios 
aligning with guiding principles and supporting economic recovery 
meeting critical needs  asset preservation, financial sustainability, and
environment/community 

Digital recordings of the meeting proceedings and meeting materials are available online  www.portseattle.org.

PORT COMMISSION MEETING MINUTES                             Page 2 of 2 
THURSDAY, AUGUST 6, 2020 
o  next steps. 
Preliminary Tax Levy Discussion 
o  July 29 retreat included preliminary funding information; 
o  key take-aways impact tax levy discussion; 
o  the pandemic reality factors into decisions on the 2021 levy amount and uses; 
o  tax levy background and uses; 
o  criteria for levy funding projects; 
o  tax levy used at most facilities; 
o  non-capital uses; 
o  levy options to add funding capacity 2021  2025; 
o  taxpayer impacts; 
o  watch list items; 
transportation infrastructure fund 
COVID costs 
downside risk 
o  recommendations; 
o  2020 community programs; 
o  the Port's taxing authority; 
o  Industrial Development District (IDD) levy background; and 
o  IDD levy implementation. 
Members of the Commission discussed the analysis of the non-airport financial performance; CIP
funding capacity; and their priorities and project inquiries for the remainder of the budget year.
Requests for follow-up information was provided to staff.
The retreat concluded and the meeting adjourned at 11:57 a.m. 

Prepared:                                      Attest: 
Michelle M. Hart, MMC, Commission Clerk       Sam H. Cho, Commission Secretary 
Minutes approved: September 22, 2020. September 8, 2020. 






Minutes of July 29, 2020, submitted for review on September 3, 2020, and proposed for approval on September 8, 2020.