Introduced: 05/28/24

Adopted:

PORT OF SEATTLE

RESOLUTION NO. 3824

A RESOLUTION of the Port Commission of the Port of Seattle declaring

certain property surplus and no longer needed for port

district purposes (500 mitigation credits) and authorizing

the Executive Director to execute all documents related to

the sale of such property.

WHEREAS, the Port of Seattle’s (Port) Century Agenda Goal 4, to be the greenest and

most energy efficient port in North America, includes Objective 12, to restore, create and enhance

40 additional acres of habitat in the Green/Duwamish Valley;

WHEREAS, in furtherance of Goal 4 the Port created the Maritime Habitat Initiatives

line of business, which includes a multi-site, multi-benefit mitigation bank to restore fish and

wildlife habitat;

WHEREAS, the Port of Seattle created the Duwamish River People’s Park and Shoreline

Habitat, formerly known as Terminal 117 ( (the “Habitat Site”), as a mitigation bank site to

generate mitigation credits for Port use and/or sale, while maintaining ownership and stewardship

responsibility of the Habitat Site;

WHEREAS, the Port now owns 500 mitigation credits (the “Property”) generated by the

Habitat Site, which are no longer needed for other purposes; and

WHEREAS pursuant to 53.08.090 of the Revised Code of Washington the Port

Commission may declare surplus any property no longer needed for Port purposes and authorize

its sale or other disposal;

Item No. 10a reso

Meeting Date: May 28, 2024

WHEREAS, Port policy EX-30, “Habitat and Mitigation Banking: Surplus Sales”

establishes a process for surplus and sale of mitigation credits;

WHEREAS, the Port has negotiated a purchase and sale agreement to sell such Property

in accordance with RCW 53.08.090 and EX-30;

NOW, THEREFORE, BE IT RESOLVED by the Port Commission of the Port of

Seattle as follows:

Section 1. The Property (500 mitigation credits) is hereby declared surplus to Port of

Seattle needs and is no longer needed for Port purposes, and it is in the best interest of the Port

that said Property be sold in accordance with State law and Port procedures.

Section 2. The Executive Director is authorized to take all necessary steps and to execute

all documents, including a Purchase and Sale Agreement and Bill of Sale, necessary to

accomplish the sale of the Property, in accordance with State law and Port procedures.

ADOPTED by the Port Commission of the Port of Seattle at a regular meeting held this

_____ day of __________________, 2024, 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