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EXHIBIT B TO RESOLUTION NO. 3748

RESOLUTION AUTHORIZING INVESTMENT

OF the Port of Seattle’s MONIES IN THE

LOCAL GOVERNMENT INVESTMENT POOL

Item No. 8d_attach_1 .

Meeting Date: May 8, 2018

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RESOLUTION AUTHORIZING INVESTMENT

OF the Port of Seattle’s MONIES IN THE

LOCAL GOVERNMENT INVESTMENT POOL

WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a trust

fund to be known as the public funds investment account (commonly referred to as the Local

Government Investment Pool (LGIP)) for the contribution and withdrawal of money by an

authorized governmental entity for purposes of investment by the Office of the State

Treasurer; and

WHEREAS, from time to time it may be advantageous to the authorized governmental

entity, the Port of Seattle, the “governmental entity”, to contribute funds available for

investment in the LGIP; and

WHEREAS, the investment strategy for the LGIP is set forth in its policies and

procedures; and

WHEREAS, any contributions or withdrawals to or from the LGIP made on behalf of

the governmental entity shall be first duly authorized by the Port of Seattle Commission, the

“governing body” or any designee of the governing body pursuant to this resolution. or a

subsequent resolution; and

WHEREAS the governmental entity will cause to be filed a certified copy of said

resolution with the Office of the State Treasurer; and

WHEREAS the governing body and any designee appointed by the governing body

with authority to contribute or withdraw funds of the governmental entity has received and

read a copy of the prospectus and understands the risks and limitations of investing in the

LGIP; and

WHEREAS, the governing body attests by the signature of its members that it is duly

authorized and empowered to enter into this agreement, to direct the contribution or

withdrawal of governmental entity monies, and to delegate certain authority to make

adjustments to the incorporated transactional forms, to the individuals designated herein.

NOW THEREFORE, BE IT RESOLVED that the governing body does hereby authorize

the contribution and withdrawal of governmental entity monies in the LGIP in the manner

prescribed by law, rule, and prospectus.

BE IT FURTHER RESOLVED that the governing body has approved the Local

Government Investment Pool Transaction Authorization Form (Form) as completed by

Treasury Manager and incorporates said form into this resolution by reference and does

hereby attest to its accuracy.

BE IT FURTHER RESOLVED that the governmental entity designates the Port of

Treasurer, Dan Thomas, Chief Financial Officer, the “authorized individual” to authorize all

amendments, changes, or alterations to the Form or any other documentation including the

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designation of other individuals to make contributions and withdrawals on behalf of the

governmental entity.

BE IT FURTHER RESOLVED that this delegation ends upon the written notice, by any

method set forth in the prospectus, of the governing body that the authorized individual has

been terminated or that his or her delegation has been revoked. The Office of the State

Treasurer will rely solely on the governing body to provide notice of such revocation and is

entitled to rely on the authorized individual’s instructions until such time as said notice has

been provided.

BE IT FURTHER RESOLVED that the Form as incorporated into this resolution or

hereafter amended by delegated authority, or any other documentation signed or otherwise

approved by the authorized individual shall remain in effect after revocation of the

authorized individual’s delegated authority, except to the extent that the authorized

individual whose delegation has been terminated shall not be permitted to make further

withdrawals or contributions to the LGIP on behalf of the governmental entity. No

amendments, changes, or alterations shall be made to the Form or any other documentation

until the entity passes a new resolution naming a new authorized individual; and

BE IT FURTHER RESOLVED that the governing body acknowledges that it has

received, read, and understood the prospectus as provided by the Office of the State

Treasurer. In addition, the governing body agrees that a copy of the prospectus will be

provided to any person delegated or otherwise authorized to make contributions or

withdrawals into or out of the LGIP and that said individuals will be required to read the

prospectus prior to making any withdrawals or contributions or any further withdrawals or

contributions if authorizations are already in place.

PASSED AND ADOPTED by the Commission of the Port of Seattle, State of Washington on

this _______ day of May 2018.

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