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 17 ( (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;

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

establishes a process for surplus and sale of mitigation credits;

Item No. x8f reso

Meeting Date: June 11, 2024

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 Commission