This is Amendment No. 3 to a 2005 Interlocal Agreement between the Port of Seattle and the City of SeaTac, entered into on February 16, 2006, governing transportation planning and funding around Seattle-Tacoma International Airport. The amendment updates project management responsibilities and budget allocations for capital improvement projects, including the South Access roadway, SR 518 improvements, and the South Link Project on 28th Ave. S., funded through a local parking tax. It establishes rules for how parking tax revenues are divided among projects and outlines corrective actions if actual revenues fall short of forecasts.Open full document
Notes
This document amends Section 5 and Attachment C-1 of Exhibit C of the 2005 Interlocal Agreement between the Port of Seattle and the City of SeaTac. The amendment addresses transportation and planning provisions including South Access roadway projects, SR 518 contributions, and the allocation of parking tax revenues to fund Capital Improvement Projects. Key changes include updated project management responsibilities, spending limits for specific projects, and corrective action procedures for parking tax revenue shortfalls.