Item No. Date of Meeting 8e_supp February 11, 2025 STOC Vendor Contracts - Competitive Exemption Request Actions Requested Request that Commission exercises its authority under RCW 53.19.020(5) to determine a competitive solicitation process is not appropriate or cost effective for vendor services at STOC and property management services with Urban Renaissance Property Company LLC at STOC, for a period of up to two years, and (2) for the Executive Director to execute all necessary agreements and amendments for vendor services and property management services not to exceed the amounts in the Commission approved annual budget. 2 STOC Overview *Property was renamed International Place, LLC in 2003 3 Vendor Contracts • • • Vendor contracts are currently in place to provide services such as janitorial, HVAC, electrical, parking management services, elevator maintenance, landscaping, property management services etc. These contracts will be assumed by the Port as part of the transaction. The Port plans on retaining the services of the existing property management company, Urban Renaissance Property Company LLC (URG). URG has managed the property since October 29, 2015 . All vendor contracts that will be assumed by the Port will be amended to incorporate Port requirements including nondiscrimination language, Port ethics and conflict of interest requirements, public disclosure requirements, and prevailing wage requirements where applicable. 4 Questions? 5