(1) In transferring real property to a port development authority under RCW
53.57.020, the port district or districts creating the port development authority must impose appropriate deed restrictions necessary to ensure the continued use of the property for the public purpose for which the property is transferred.
(2) A port development authority must provide written notice at least thirty days prior to any proposed sale or encumbrance of real property that was transferred by a port district to the port development authority under RCW
53.57.020(1). The port development authority must, at a minimum, provide notice to:
(a) The port commission of the port district that transferred the real property;
(b) Each local newspaper of general circulation within the boundaries of the port district; and
(c) Each local radio station, television station, or other news medium that has submitted to the port development authority a written request to receive notification.
(3)(a) A port development authority may sell or encumber property transferred by a port district under RCW
53.57.020(1) only after approval of the sale or encumbrance by the port development authority at a public meeting. Notice of the public meeting must be: (i) Provided in accordance with RCW
42.30.080; and (ii) published at least twice in a local newspaper of general circulation no fewer than seven days and no more than two weeks before the public meeting.
(b) Nothing in this section may be construed to prevent the port development authority from holding an executive session during a regular or special meeting in accordance with RCW
42.30.110(1)(c).