Item No. Date: 8d May 22, 2018 Memorandum of Understanding - Local Match for Puget Sound Gateway Program Eric ffitch, Manager, State Government Relations, Port of Seattle Geraldine Poor, Regional Transportation Manager, Port of Seattle Craig Stone, Puget Sound Gateway Program Administrator, Washington State Department of Transportation 1 Background on Puget Sound Gateway Program • Completion of State Routes 167 and 509 • Funded by the Washington State Legislature in the 2015 "Connecting Washington" transportation funding package • Was a central priority over several legislative sessions - for both Port of Seattle and Port of Tacoma • Total funding is $1.9 billion; that includes $310 million from tolls and local contributions • Provides direct freight links from both seaports and from Seattle-Tacoma International Airport (Sea-Tac) to key distributions centers in the region, to Eastern Washington, and to other states along the northern tier. • Gives travelers accessing Sea-Tac options for approaching from the South, by finally linking SR 509 to Interstate 5. 2 3 Gateway Funding Background • Funding model is a new approach to completing major transportation projects • Local match reflects the strong interest in this project in South King and Pierce County communities • In 2017, Washington State Legislature directed WSDOT to work with local entities on a Memorandum of Understanding to finalize the plan and schedule for local contribution 4 Proposed Funding Strategy - Grants and Partner Contributions Projects SR 167 SR 509 TOTAL Port contributions $30 million $30 million $60 million Federal INFRA grant $10 million $10 million $20 million Local partner match $10 million $10 million $20 million Other Grants (PSRC, FMSIB, TIB) $20 million $10 million $30 million Potential Total $70 million $60 million $130 million 5 MOU Development • • WSDOT Convened a "Funding and Phasing Subcommittee" - three meetings so far in 2018 First round of MOU review completed on March 30 - Port of Seattle proposed edits were included Ratify MOU • April - June 2018 Concur on goals, partnership principles and responsibilities Approach to Benefit Framework and Partner Roles Partner Concurrence on MOU • January-March 2018 • December 13, 2017 • October 4, 2017 • Second round of review completed on April 27 • At May 3 Funding and Phasing Subcommittee Meeting, group agreed to "endorse" MOU draft to proceed to ratifications • May and June, Council and Commission meetings to review and seek approval of MOU - target ratification my June 22, 2018 • Submit MOU to legislature by July 1, 2018 6 Interlocal Agreement and Next Steps 7 Questions? 8