This Port policy (AC-13) establishes standards for disposing of Port-owned property, covering items ranging from capital assets to small equipment, with the goals of saving costs, maximizing returns, and maintaining a proper audit trail. It defines when property should be disposed of — such as when it is excess, obsolete, damaged, or destroyed — and outlines the authorization requirements, including Commission approval for surplus property exceeding a set dollar threshold. Note that this policy does not address land, abandoned third-party property, or consumable supplies.

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Port of Seattle accounting policy establishing standards for disposing of Port property, including authorization requirements, property definitions, and procedures to achieve cost savings while maintaining audit trails and maximizing return on investment.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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