Updated 2018

EXHIBIT B TO RESOLUTION NO. 3748

RESOLUTION AUTHORIZING INVESTMENT

OF PORT OF SEATTLE MONIES IN THE

LOCAL GOVERNMENT INVESTMENT POOL

Item No. 10b attach 1

Date of Meeting: December 9, 2025

Updated 2018

RESOLUTION AUTHORIZING INVESTMENT

OF PORT OF SEATTLE MONIES IN THE

LOCAL GOVERNMENT INVESTMENT POOL

WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a

trust fund to be known as the public funds investment account (commonly referred to

as the Local Government Investment Pool (LGIP)) for the contribution and withdrawal

of money by an authorized governmental entity for purposes of investment by the

Office of the State Treasurer; and

WHEREAS, from time to time it may be advantageous to the authorized

governmental entity, PORT OF SEATTLE, the “governmental entity”, to

contribute funds available for investment in the LGIP; and

WHEREAS, the investment strategy for the LGIP is set forth in its policies and

procedures; and

WHEREAS, any contributions or withdrawals to or from the LGIP made on

behalf of the governmental entity shall be first duly authorized by the Port of Seattle

Commission, the “governing body” or any designee of the governing body pursuant to

this resolution, or a subsequent resolution; and

WHEREAS the governmental entity will cause to be filed a certified copy of said

resolution with the Office of the State Treasurer; and

WHEREAS the governing body and any designee appointed by the governing

body with authority to contribute or withdraw funds of the governmental entity has

received and read a copy of the prospectus and understands the risks and limitations of

investing in the LGIP; and

WHEREAS, the governing body attests by the signature of its members that it is duly

authorized and empowered to enter into this agreement, to direct the contribution or

withdrawal of governmental entity monies, and to delegate certain authority to make

adjustments to the incorporated transactional forms, to the individuals designated

herein.

NOW THEREFORE, BE IT RESOLVED that the governing body does hereby

authorize the contribution and withdrawal of governmental entity monies in the LGIP

in the manner prescribed by law, rule, and prospectus.

BE IT FURTHER RESOLVED that the governing body has approved the Local

Government Investment Pool Authorization Form (Form) as completed by

Treasury Manager and incorporates said form into this resolution by reference and does

hereby attest to its accuracy.

Updated 2018

BE IT FURTHER RESOLVED that the governmental entity designates

the Port Treasurer (the Chief Financial Officer, their successor in function, or their

delegate having experience in treasury operations), the “authorized individual” to

authorize all amendments, changes, or alterations to the Form or any other

documentation including the designation of other individuals to make contributions

and withdrawals on behalf of the governmental entity.

BE IT FURTHER RESOLVED that this delegation ends upon the written notice,

by any method set forth in the prospectus, of the governing body that the authorized

individual has been terminated or that his or her delegation has been revoked. The

Office of the State Treasurer will rely solely on the governing body to provide notice of

such revocation and is entitled to rely on the authorized individual’s instructions until

such time as said notice has been provided.

BE IT FURTHER RESOLVED that the Form as incorporated into this resolution

or hereafter amended by delegated authority, or any other documentation signed or

otherwise approved by the authorized individual shall remain in effect after revocation

of the authorized individual’s delegated authority, except to the extent that the

authorized individual whose delegation has been terminated shall not be permitted to

make further withdrawals or contributions to the LGIP on behalf of the governmental

entity. No amendments, changes, or alterations shall be made to the Form or any other

documentation until the entity passes a new resolution naming a new authorized

individual; and

BE IT FURTHER RESOLVED that the governing body acknowledges that it has

received, read, and understood the prospectus as provided by the Office of the State

Treasurer. In addition, the governing body agrees that a copy of the prospectus will be

provided to any person delegated or otherwise authorized to make contributions or

withdrawals into or out of the LGIP and that said individuals will be required to read

the prospectus prior to making any withdrawals or contributions or any further

withdrawals or contributions if authorizations are already in place.

PASSED AND ADOPTED by the Commission of the Port of Seattle, State of

Washington on this day of

20 .

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Updated 2018

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