Item No:
8a_reso
Meeting Date: October 8, 2019

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RESOLUTION NO. 3762
A RESOLUTION of the Port of Seattle Commission declaring surplus and no longer
needed for port district purposes approximately 417,963
square feet (9.6 acres) of Port-owned real property
located in the City of SeaTac, King County; and further
authorizing the Executive Director, or his designee, to
finalize negotiation, prepare and execute all necessary
documents to transfer said real property to WSDOT for
use in the extension of SR-509 in connection with
WSDOT's SeaTac to I-5 Freeway Extension/SR-509 Corridor
Completion Program Phase I Project.
WHEREAS, the voters of King County, pursuant to the provisions of enabling legislation
adopted by the Legislature of the State of Washington, Chapter 92, Laws of 1911, RCW
53.04.010, authorized and approved at a special election held in King County on the 5th day of
September 1911, the formation of a port district coextensive with King County to be known as
the Port of Seattle; and
WHEREAS, the Port of Seattle (the "Port") was thereupon established as a port district
and has since been and now is a duly authorized and acting port district of the State of
Washington; and
WHEREAS, the Port owns certain real property consisting of approximately 417,963
square feet (9.6 acres) located in the City of SeaTac, King County, Washington, with the legal
description as set forth on attached Exhibit A together with the improvements thereon
(collectively, the "Property"); and
WHEREAS, the State of Washington Department of Transportation ("WSDOT") by letter
dated August 7, 2018, has offered to purchase the Property from the Port, under threat of
condemnation, for the purchase price of $7,410,000 (the "WSDOT Purchase Offer"), said offer
price being determined based on a market value appraisal prepared by Philip L. Brodt,
Washington State Certified General Real Estate Appraiser (License No. 1101898) (the "WSDOT
Appraisal"); and
WHEREAS, WSDOT intends to utilize the Property as part of the right-of-way for the
extension of SR-509 in connection with its SeaTac to I-5 Freeway Extension/SR-509 Corridor
Completion Program Phase I project; and

Resolution No. 3762 - WSDOT property surplus SR-509/I-5

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WHEREAS, the Port has reviewed the WSDOT Purchase Offer and the WSDOT
Appraisal, including review of a third-party validity assessment of the WSDOT Appraisal
prepared by Kidder Mathews, the Port's Member Appraisal Institute (MAI) appraiser; and
WHEREAS, pursuant to Chapter 39.33 of the Revised Code of Washington
(Intergovernmental Disposition of Property Act) the Port may sell, transfer, exchange, lease or
otherwise dispose of real and personal property to the state, any municipality or any political
subdivision thereof on such terms and conditions as may be mutually agreed upon by the
governing authorities of the participating entities; and
WHEREAS, a resolution declaring the Property surplus to port district needs and no
longer needed for port district purposes is a prerequisite to sale of the Property; and
WHEREAS, an official public hearing was held October 8, 2019, after notice of such
hearing was duly published as provided by law, to consider whether the Property should be
declared surplus to port district needs and no longer needed for port district purposes, and
authorization for its sale to WSDOT; and
WHEREAS, the maps and other data regarding the Property proposed for transfer to
WSDOT are on file at the offices of the Port's Airport Properties Division; and
WHEREAS, the Port of Seattle Commission has heard from all persons desiring to speak
at the public hearing regarding the proposed transfer of the Property; and
WHEREAS, the members of the Port of Seattle Commission have considered the
proposed sale of the Property to WSDOT and any comments by members of the public
attending the public hearing;
NOW, THEREFORE, BE IT RESOLVED by the Port of Seattle Commission as follows:
Section 1.
The Property, described on Exhibit A attached to this Resolution, is no longer needed for Port
purposes and is hereby declared surplus to Port needs.
Section 2.
The Executive Director, or Executive Director's designee, is authorized to finalize negotiation,
prepare, and execute all necessary documents to sell the Property to WSDOT for a purchase
price of Seven Million Four Hundred Ten Thousand and 00/100 Dollars ($7,410,000).

Resolution No. 3762 - WSDOT property surplus SR-509/I-5

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ADOPTED by the Port Commission of the Port of Seattle at a duly noticed public meeting
thereof, held this ______ day of _______________________________ , 2019, and duly
authenticated in open session by the signatures of the commissioners voting in favor thereof
and the seal of the commission.

Port of Seattle Commission

Resolution No. 3762 - WSDOT property surplus SR-509/I-5

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