9b

PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.       9b 
Date of Meeting   February 14, 2013 
DATE:    February 11, 2013 
TO:     Tay Yoshitani, Chief Executive Officer 
FROM:    Joe McWilliams, Managing Director, Real Estate 
SUBJECT:  Real Estate Asset Policy 

The Commission will discuss the merits of holding real estate positions within the
boundaries of individual operating divisions. They will discuss when and if transferring
assets between the divisions is warranted and the financing advantages and challenges
that will attach thereto.

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