TagACE Fund(7)

Resource Limitations on Urban-Forest Management and Maintenance on Public Lands .......................................................23 4. Understanding the Challenge in Context ...............................................................................................................................25 Community Engagement Process ....................................................................................................................................................25 Community Survey .....................................................................................................................................................................25 Open Houses ............................................................................................................................................................................... 26 Small Community Meetings ..................................................................................................................................................... 26 Centering Equity and Diversity ........................................................................................................................................................ 27 Canopy Cover Analysis: Canopy Cover in Relation to Schools ............................................................................................ 29 Canopy-Cover Analysis: Canopy Cover in Relation to Public Housing .............................................................................. 30 5. Meeting the Challenge ...................................................................................................................................................................31 Mission and Vision ..............................................................................................................................................................................31 Outcomes .............................................................................................................................................................................................31 Goals .....................................................................................................................................................................................................31 Partnership Roles and Responsibilities ............................................................................................................................................32 City of Des Moines ......................................................................................................................................................................32 Port of Seattle...............................................................................................................................................................................33 Forterra .........................................................................................................................................................................................33 Highline Public Schools ..............................................................................................................................................................33 Highline College ..........................................................................................................................................................................33 Nonprofit Organizations ............................................................................................................................................................34 Volunteers and the Community at Large .................................................................................................................................34 Commercial and Nonprofit Field Crews ..................................................................................................................................35 Potential Sponsors ......................................................................................................................................................................35 Private Landowners ....................................................................................................................................................................35 6. Assessing the Urban Forest .........................................................................................................................................................37 Part I: Land-Cover Classification ......................................................................................................................................................37 Methods ........................................................................................................................................................................................37 Results ...........................................................................................................................................................................................39 Part II: Parks and Natural Areas Health Assessment ......................................................................................................................39 Tree-iage and the Forest Landscape Assessment Tool .......................................................................................................... 40 Tree-iage Categories ...................................................................................................................................................................41 Tree-iage Matrix ..................................................................................................................................................................................41 Overstory Species ....................................................................................................................................................................... 42 Regenerating Overstory Species ...............................................................................................................................................45 Native Understory Species .........................................................................................................................................................45 Invasive Species ...........................................................................................................................................................................45 Slope ..............................................................................................................................................................................................45 7. Moving Forward – the Next 20 Years ..................................................................................................................................... 46 Field ...................................................................................................................................................................................................... 49 Field Objective 1: Begin to halt canopy decline and equitably increase canopy cover. ..................................................... 49 Field Objective 2: Monitor and maintain trees throughout the City of Des Moines. ........................................................ 49 Field Objective 3: Prioritize parks and natural open-space sites. ........................................................................................ 49 Field Objective 4: Prioritize restoration work zones within sites. . ..................................................................................... 50 Field Objective 5: Identify areas that are appropriate for…

Resource Limitations on Urban Forest Management and Maintenance on Public Lands ....................................................... 22 4. Understanding the Challenge in Context ...............................................................................................................................23 Community Engagement Process ....................................................................................................................................................23 Community Survey .....................................................................................................................................................................23 Open Houses ............................................................................................................................................................................... 24 Small Community Meetings ......................................................................................................................................................25 Centering Equity and Diversity .........................................................................................................................................................25 Canopy-Cover Analysis: Canopy Cover in Relation to Schools ........................................................................................... 26 Canopy-Cover Analysis: Canopy Cover in Relation to Public Housing .............................................................................. 26 5. Meeting the Challenge .................................................................................................................................................................. 30 Current Green SeaTac Partnership Members ................................................................................................................................ 30 City of SeaTac .............................................................................................................................................................................. 30 Parks, Community Programs and Services ..................................................................................................................... 30 Port of Seattle.............................................................................................................................................................................. 30 TABLE OF CONTENTS Forterra ........................................................................................................................................................................................ 30 Volunteers and the Community at Large .................................................................................................................................31 Potential Sponsors ..............................................................................................................................................................................31 6. Assessing the Urban Forest .........................................................................................................................................................32 Part I: Land-Cover Classification and Canopy-Cover Analysis ....................................................................................................32 Methods ........................................................................................................................................................................................32 Results ...........................................................................................................................................................................................34 Part II: Parks and Natural Areas Health Assessment ......................................................................................................................34 Methods ........................................................................................................................................................................................34 Tree-iage and the Forest Landscape Assessment Tool ...................................................................................................35 Tree-iage Categories ...........................................................................................................................................................37 Results ...........................................................................................................................................................................................38 Tree-iage Matrix ..................................................................................................................................................................38 Overstory Species ................................................................................................................................................................38 Regenerating Overstory Species .......................................................................................................................................38 Native Understory Species .................................................................................................................................................38 Invasive Species ...................................................................................................................................................................38 Slope ......................................................................................................................................................................................41 7. Moving Forward ............................................................................................................................................................................... 42 Field ...................................................................................................................................................................................................... 42 Field Recommendation 1: Begin to equitably increase canopy cover .................................................................................. 42 Field Recommendation 2: Monitor and maintain trees throughout the City of SeaTac ................................................... 42 Field Recommendation 3: Prioritize parks and natural open-space sites ........................................................................... 42 Field Recommendation 4: Prioritize restoration work zones within sites ......................................................................... 42 Field Recommendation 5: Identify areas that are appropriate for professional crew intervention .................................43 Field Recommendation 6: Implement best practices in restoration and stewardship on all project sites .....................43…

Andy Gregory, Port of Seattle Joanna Nelson des Flores, Forterra Gabbi Gonzales, City of Burien Ngam Nguyen, Partner in Employment

• Tax Levy Background and 2018 Update DRAFT PLAN OF FINANCE 2019-2023 The Draft Plan of Finance • Provided to the Commission to inform the budget process and capital investment decisions • Developed based on a sustainable financial model – Carefully vetted business forecasting – Financial targets that allow the Port to withstand downside risk and maintain strong access to financial markets • Debt service coverage (revenue cash flow available to pay debt service) • Minimum operating fund balances Airport and Non-Airport Capital Are Funded Separately • Airport – Relies on its own operating cash flow from airline cost recovery and non-aeronautical businesses – Unique funding sources: • Airport grants • Passenger Facility Charge (PFC) • Customer Facility Charge (CFC) – Cost Per Enplaned Passenger (CPE) is a critical affordability metric • Non-Airport – Includes Northwest Seaport Alliance (NWSA), Maritime and Economic Development – Relies on a combination of • Operating cash flow • Tax levy after payment of other tax levy uses Debt is an Important Funding Tool • Types of Debt – Operating cash flow can be used to support revenue bond debt – Tax levy can be used to support General Obligation (G.O) bond debt • Use of Debt – Provides near-term funding capacity with long-term repayment – Appropriate for long-term investments • Debt Management – Financial targets and metrics provide guard rails against over leverage • Debt service coverage targets for revenue bonds – Airport: 1.25x – Non-airport: 1.50x (under review) • Maximum tax levy leverage…