Resolution No. 3744 is a Port of Seattle Commission resolution from 2018 that amends the commission's governing bylaws. It removes the requirement that the Commission Vice President automatically serve as chair of the Audit Committee, and adds language clarifying that the Audit Committee and its chair play a direct role in reviewing the performance of the internal audit director alongside the chief financial officer.

Notes

Resolution No. 3744 amends Port of Seattle Commission Bylaws (Resolution No. 3742) by repealing the requirement that the Commission Vice President serve as chair of the Audit Committee. It also amends Article II, Section 8 to clarify the Audit Committee’s role in overseeing the internal audit director’s performance and the audit committee chair’s contribution to the chief financial officer’s performance review.

Sidebar On/Off

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.

continue...

V V

Notes

Message