TagPort Of Seattle Commission(369)

To be held in person ONLY at the Port of Seattle Headquarters Building, Commission Chambers, located at 2711 Alaskan Way, Seattle Washington. No call- in line is provided for this meeting due to the Port of Seattle network outage.

Supporting Development of the Des Moines Creek West property Item No. 8h supp Date of Meeting February 9, 2021 Action Requested Request Commission authorization for the Executive Director to execute the purchase and sale agreement between WSDOT and the Port of Seattle, and approve $3.15 million, which includes $2.9 million and associated costs, in order to purchase a 14.3 acre section of the former SR509 right of way in the City of Des Moines, WA. The Site Location Adding Value to Port Des Moines Creek West Development Property Details • WSDOT acreage: 14.3 acres • Port acreage: 15.6 acres • Purchase price: $2.9 million • Street Improvements: $1.5 million Road improvements Light Industrial Development Supports SEA  Property acquisition enhances potential to support aviation supply chain (logistics companies, manufacturers, service providers, etc.) and SEA efficiencies  Property acquisition and subsequent larger development generates jobs and new tax revenues for City of Des Moines and surrounding communities  Property development will generate income to support airport operations and capital projects  Property development will support Port Diversity in Contracting and Workforce Development initiatives  The purchase protects and reserves land for industrial development Des Moines Creek West Development Schedule Q2 2O21 Q1 2022 Commission approval on ground Lease with Developer Q2 2023 Break ground and commence Port revenue Q3 2024 Distribute RFP Facility delivery and certificate of occupancy Strong Market for Industrial Development MARKET RENT PER SQUARE FEET Property Development Options Manufacturing Office Center Distribution Small Business Incubator Financial Summary Site…

• Noise Monitoring and Flight Tracking System upgrades Continuing Programs With Some Modifications • Voluntary acquisition of residential homes within the South Approach Transition Zone (ATZ) for the 3rd runway. Continuing Programs With Some Modifications N South ATZ • Engine Testing Maintenance Run-Up Regulations – modify to include Ground Run-Up Enclosure (GRE) when built. Continuing Programs With Some Modifications Continuing Programs with No Modifications • Property Advisory Service: Provide residents and property owners with information concerning noise programs and options for mitigation. • Local Government Remedy Support: Encourage the local jurisdictions to undertake projects, provide services, and adopt laws that reinforce neighborhoods and make them more compatible with airport operations. • Funding for Land Use and Noise Compatibility Planning: Assist local public agencies with noise compatibility planning efforts. • Prepare Cooperative Development Agreements: Continue to address development potentials within local jurisdictions. • Explore Limited Rescheduling of Nighttime Flights: This measure involves the voluntary rescheduling of aircraft flight times of nighttime short haul flights. Continuing Programs with No Modifications • Use VOR Radials to Curb Aircraft Drifting from Noise Abatement Tracks: This measure uses navigational aids to improve noise abatement corridor compliance. • Preferential Runway Use: This measure implemented a preferential runway system during the nighttime hours for operations through the north flow nighttime noise abatement corridor. • Use of Flight Management System Procedures: This measure is designed to encourage the use of FMS procedures to improve noise abatement corridor compliance. • Use of Ground Equipment: This measure recommends the installation…