12 Jun Commission Meeting Minutes 5-13-24
PORT COMMISSION OF THE PORT OF EDMONDS MINUTES OF REGULAR MEETING
MAY 13, 2024
COMMISSIONERS PRESENT
Jay Grant, President
David Preston, Vice President
Janelle Cass, Secretary
Steve Johnston
Selena Killin
STAFF PRESENT
Brandon Baker, Deputy Executive Director
Tsz Yan Brady, Director of Finance and Administration
Brittany Williams, Manager of Properties and Economic Development
OTHERS PRESENT
Jordan Stephens, Port Attorney
I. CALL TO ORDER
President Grant called the meeting to order at 7:00 p.m.
II. FLAG SALUTE
All those in attendance participated in the Pledge of Allegiance to the American Flag.
III. APPROVAL OF AGENDA
COMMISSIONER PRESTON MOVED TO APPROVE THE AGENDA AS SUBMITTED. COMMISSIONER JOHNSTON SECONDED THE MOTION, WHICH CARRIED UNANIMOUSLY.
IV. PUBLIC COMMENTS (Each comment shall generally be limited to 3 minutes or less and shall be limited to Port business)
• No public comments were provided.
V. CONSENT AGENDA
COMMISSIONER JOHNSTON MOVED THAT THE CONSENT AGENDA BE APPROVED TO INCLUDE THE FOLLOWING ITEMS. COMMISSIONER PRESTON SECONDED THE MOTION, WHICH CARRIED UNANIMOUSLY.
A. Approval of April 29, 2024 Meeting Minutes
B. Approval of Payments in the amount of $293,159.88
VI. PRESENTATIONS
A. Recreational Boating Association of Washington – Guest Speaker
Bob Wise, President of the Recreational Boating Association of Washington (RBAW), presented about the association. RBAW has been around for over 65 years and supports the needs of recreational boaters through advocacy, awareness, preservation, and growth of boating opportunities in our state. The work they do directly affects every boater on Washington waters. Since its formation, RBAW has been instrumental in supporting the needs of the recreational boating community and helping grow it to represent the owners of over 250,000 boats on Washington waters. RBAW is an organization of passionate boaters carrying out statewide advocacy of recreational boating issues and opportunities through their volunteer board.
Bob led RBAW to create the 501c3 “RBAW Marine Parks Conservancy”—an effort to acquire land for marine parks. In the most recent effort, the Lakebay Marina redevelopment, RBAW secured $206,000 in the state capital budget for continued renovation work. This additional money brings the total to over $500,000 obtained over the last two legislative sessions to continue renovating the Lakebay Marina.
VII. POSSIBLE ACTION
A. Adoption of Port of Edmonds Strategic Plan 2024-2030
The commission discussed the presented draft of the Strategic Plan 2024-2030. After discussion and some minor modifications, the commission adopted the Port of Edmonds Strategic Plan 2024-2030.
COMMISSIONER PRESTON MOVED THAT THE PORT OF EDMONDS STRATEGIC PLAN 2024-2030 BE ADOPTED WITH THE MODIFICATIONS DISCUSSED, ALLOWING FOR EDITORIAL CHANGES AS NEEDED. COMMISSIONER CASS SECONDED THE MOTION, WHICH CARRIED UNANIMOUSLY.
VIII. INFORMATION
A. 2023 Annual Financial Report
Director of Finance and Administration Brady reviewed the highlights of the 2023 Annual Financial Report.
Key Takeaway
• The Port has a history of monitoring our financial position effectively based on a 5 year trend analysis. However, we are facing a challenge due to the North Portwalk and Seawall Reconstruction Project since the capital expenditure will be significantly high for the size of our Port . We are applying for grants, and we will also be evaluating other revenue streams. Meanwhile, we will continue documenting and anticipating other future capital projects and their impact.
Next Step
• The preliminary 2023 year-end financial statements were previously presented to the Commission on February 12th, 2024. As required by the State of Washington, the final annual report is being presented in the Budgeting, Accounting and Reporting (BARS) format and will be submitted to the State Auditors Office and available on the Port’s website in the upcoming weeks.
• Since the February 12th, 2024 meeting, the Pension/OPEB expenses (GASB 68 and 75) and Fair Value Measurement (GASB 72) are incorporated in the financials along with any other necessary adjustments.
IX. CITY OF EDMONDS AND WOODWAY REPORTS
There were no updates to report.
X. EXECUTIVE DIRECTOR’S REPORT
There were no updates to report.
XI. COMMISSIONER’S COMMENTS AND COMMITTEE REPORTS
• Commissioner Preston – Attending WPPA Spring meeting this week.
• Commissioner Johnston – Nothing to report.
• Commissioner Killin – Attending WPPA Spring meeting this week. There was a special meeting of the Edmonds Economic Development Commission and they approved our additional letter of support for the North Portwalk & Seawall project.
• Commissioner Cass – Discussed the recent topics at the City of Edmonds meetings. Also shared she will attend the Watershed days at the hatchery this Saturday.
• Commissioner Grant – Mentioned the upcoming City of Edmonds Comprehensive Planning meetings and reported on his recent meeting with the Mayor of Lynnwood.
XII. EXECUTIVE SESSION
There was no Executive Session.
XIII. ADJOURNMENT
The Commission meeting was adjourned at 8:52pm.
Janelle Cass,
Port Commission Secretary