1. PORT OF TACOMA

2. Authorization for 3 actions: 1. Purchase 15.71 acres at 1300 Taylor Way in the amount of $2,930,000; and, 2. Execute Agreement with City of Tacoma and NRDA Trustees to relocate Habitat Project from Taylor Way to Marine View Drive; and, 3. Project Approval for Design, Bid and Award of Habitat project at Marine View Drive for $2,095,115. Requested Approval Hylebos Property Acquisition and Habitat Substitution

3. PORT OF TACOMA Objectives: Preserve industrial use of property in core area of Tideflats Create Habitat projects along perimeter of Tideflats Acquire property necessary for terminal development Background Hylebos Property Acquisition and Habitat Substitution

4. PORT OF TACOMA

5. 1.Enter into Purchase and Sale Agreement with City of Tacoma, Department of Public Utilities, Light Division, DBA Tacoma Power for the property located at 1300 Taylor Way in the amount of $2,930,000. Project No. E2760; and, Hylebos Property Acquisition and Habitat Substitution

6. PORT OF TACOMA

7. 2.Enter into an agreement with the City of Tacoma for substitution of a Habitat Restoration Project on a portion of the Port-owned property located a 1621 Marine View Drive for the project previously proposed for the Tacoma Power property located at 1300 Taylor Way Project No. E2147; and, Hylebos Property Acquisition and Habitat Substitution

8. PORT OF TACOMA

9. 3.Authorize Project Approval to complete design, bid and award a contract for work associated with the Habitat Restoration Project in an amount not to exceed $2,095,115. Project No. E2147. Hylebos Property Acquisition and Habitat Substitution

10. PORT OF TACOMA

11. Execute property PSAMay 2008 Substitution AgreementMay 2008 Permit applications May 2008 Property Closing Summer 2008 Contract awardFebruary 2009 Completion September 2009 Monitoring undertaken by City of Tacoma Project Schedule Hylebos Property Acquisition and Habitat Substitution

12. PORT OF TACOMA Purchase price for Tacoma Power property is $2,930,000. Costs for the Hylebos Habitat Restoration Project include: ItemCost Completion of design, survey and testing$102,000.00 Site work including sales tax$1,993,115.00 Project total$2,095,115.00 City of Tacoma contribution($134,962.00) Net Project Costs$1,960,153.00 Estimated Costs Hylebos Property Acquisition and Habitat Substitution

13. PORT OF TACOMA The 2008 Capital Improvement Program, Planned Category, Port-Wide Infrastructure, Commencement Bay IDD Program, allocates $2,100,000 for the Habitat Restoration Project. In 2002, the Port began investigating relocation feasibility. Costs associated with these efforts total $149,408. These amounts were covered under prior budgets. Source of Funds Hylebos Property Acquisition and Habitat Substitution

14. PORT OF TACOMA Authorization for 3 actions: 1.Purchase 15.71 acres at 1300 Taylor Way in the amount of $2,930,000; and, 2.Execute Agreement with City of Tacoma and NRDA Trustees to relocate Habitat Project from Taylor Way to Marine View Drive; and, 3.Project Approval for Design, Bid and Award of Habitat project at Marine View Drive for $2,095,115. Requested Approval Hylebos Property Acquisition and Habitat Substitution