city of tacoma
File #: RES41732    Version: 1 Name: RES - Lease of Tacoma Rail Property to the Northwest Seaport Alliance/Port of Tacoma
Type: Resolution Status: Agenda Ready
File created: 7/17/2025 In control: City Council
On agenda: 8/5/2025 Final action:
Title: A resolution declaring surplus and authorizing the five-year lease of approximately 15.25 acres of Tacoma Rail property, located at 1738 Milwaukee Way, to the Northwest Seaport Alliance as licensee/agent of the Port of Tacoma, for the amount of $100,000 per month, plus eight percent for operating cost recovery and annual Consumer Price Index adjustments for an intermodal facility, effective September 1, 2025. [Dylan Harrison, Senior Real Property Manager; Alan Matheson, Rail Superintendent]
Attachments: 1. Resolution No. 41732, 2. City Council Action Memorandum, 3. Agreement, 4. Declaration of Surplus, 5. Resolution No. U-11541
Related files: 25-0664, RES41716
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Title

A resolution declaring surplus and authorizing the five-year lease of
approximately 15.25 acres of Tacoma Rail property, located at
1738 Milwaukee Way, to the Northwest Seaport Alliance as
licensee/agent of the Port of Tacoma, for the amount of $100,000 per
month, plus eight percent for operating cost recovery and annual
Consumer Price Index adjustments for an intermodal facility,
effective September 1, 2025.

[Dylan Harrison, Senior Real Property Manager; Alan Matheson,
Rail Superintendent]