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Item Number: 10b_reso
Meeting Date: December 9, 2025

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RESOLUTION NO. 3843
A RESOLUTION

of the Port Commission of the Port of
Seattle repealing and replacing Resolution
No. 3476, and amending Exhibit B to
Resolution No. 3748, the Port of Seattle
Statement
of
Investment
Policy.

WHEREAS, pursuant to RCW 53.36.01, on December 11, 2001, the Port Commission
of the Port of Seattle adopted Resolution No. 3476, appointing the Chief Financial Officer as Port
Treasurer; and naming Daniel R. Thomas, the then Chief Financial Officer; and
WHEREAS, Resolution No. 3476 provides for a bond in the amount of $750,000.00 to
protect the Port against loss; and
WHEREAS, Exhibit B to Resolution No. 3748, the Port of Seattle Statement of
Investment Policy designated Port of Seattle, Dan Thomas, Chief Financial Officer as the
"authorized individual."
NOW, THEREFORE, BE IT RESOLVED, by the Port Commission of the Port of
Seattle, as follows:
SECTION 1. Resolution No. 3476 is hereby repealed.
SECTION 2. The Port Commission hereby designates the Port's Chief Financial
Officer, their successor in function, or their delegate having experience in treasury
operations to act as the Port Treasurer. The Port Treasurer shall perform all functions
identified by law as those to be performed by the "treasurer" of the Port, including, but not
necessarily limited to, maintaining custody of Port funds (through a qualified public
depositary) and investment of fund balances .
SECTION 3. The Treasurer of the Port shall provide a bond, or insurance in lieu of
a bond issued by a surety or insurance company authorized to do business in the State of
Washington, in an amount equal to $1,000,000.00 in order to protect against loss. The cost
of the surety bond or insurance shall be paid by the Port. The amount and terms of the surety
bond or insurance policy shall be reviewed each year by the Port Commission for adequacy
and size.
SECTION 4. The Chief Financial Officer, in the capacity of Treasurer, further, is
authorized to make interfund transfers between funds held and maintained by the Port.

Resolution No. 3843, Designating Treasurer and Amending Resolution No. 3748
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SECTION 5. Exhibit B to Resolution No. 3748 the Port of Seattle Statement of
Investment Policy shall be updated to designate the "authorized individual" as the Port of
Seattle's Chief Financial Officer, their successor in function, or their delegate having
experience in treasury operations.
SECTION 6. This Resolution shall become effective immediately upon its adoption
and approval by a majority vote of the Port Commission.
ADOPTED by the Port of Seattle Commission at a duly noticed public meeting thereof,
held this 9 day of December, 2025, 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

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Resolution No. 3843, Designating Treasurer and Amending Resolution No. 3748
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