Special Meeting (rescheduled regular)

3/5/2020

Fabulich Center
3600 Port of Tacoma Road, Tacoma, WA 98424

Agenda

  • 9:30 AM. – EXECUTIVE SESSION
    1. CALL TO ORDER
    2. RECESS TO EXECUTIVE SESSION (executive sessions are not open to the public)
      1. One item: To review the performance of a public employee RCW 42.30.110(1)(g)
  • 10:15 AM. – CLOSED SESSION
  • Confidential closed session pursuant to 46 U.S.C. § 40306; 46. C.F.R. § 535.608; 46 C.F.R. § 535.701(i)(1) and as authorized by the Port of Seattle/Port of Tacoma Alliance Agreement, Federal Maritime Agreement (FMC) No. 201228.
  • 11:30 AM. – PUBLIC SESSION
    1. RETURN TO ORDER AND PLEDGE OF ALLEGIANCE
    2. CHIEF EXECUTIVE OFFICER’S REPORT
      1. Terminal 46 Business Development Update
      2. State of Transpacific Trade Presentation Presentation
    3. CONSENT AGENDA
      1. Minutes February 4, 2020
      2. Check Certification
    4. PUBLIC COMMENT
    5. ACTIONS
      1. Second reading: To request adoption of Resolution No. 2020-01, the Master Benefit and Salary Resolution, amending and superseding Resolution 2019-01. MemoAttachment - Draft Resolution 2020-01Presentation
      2. To request project authorization in the amount of $990,000 for a total authorized amount of $1 million, for work associated with the Marshall Avenue Auto Warehousing Pavement Maintenance 2020-2024, MID 201098.01. MemoPresentation
      3. To request project authorization in the amount of $1,160,000 for a total authorized amount of $1,310,000 for work associated with the Washington United Terminals (WUT) Utility Vault Upgrades, MID 201090.01. MemoPresentation
      4. (1). To request authorization to distribute cash of $10,228,082 from capital grants, investment interest income, and capital contributions from January 1, 2016 through December 31, 2019, and any future grants and interest income, as per the Charter, pending Federal Maritime Commission (FMC) approval of Amendment 2 to the NWSA charter. Staff also requests approval to distribute cash from grants received in arrears and investment interest through December 31, 2020 in case of delays in FMC approval of the 2nd Amendment to the charter (2). To approve a technical change to the wording of the definition of Distributable Cash in the 2nd Amendment to include lease interest income net of lease interest expense moved to non-operating cash flow per GASB 87 Accounting Standard. MemoPresentation
      5. Pulled
    6. GENERAL BUSINESS
      1. Financial Modeling Discount Rate Presentation
      2. 2020 Goals and Expectations Draft Goals and Expectations Rev. 03/05/2020
      3. Committee Reports: Governance Committee
      4. Commissioner Comment
    7. ADJOURNMENT