7a

PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA             Item No.          7a 
Date of Meeting       March 1, 2011 

DATE:    February 15, 2011 
TO:     Tay Yoshitani, Chief Executive Officer 
FROM:    Joe McWilliams 
SUBJECT:  Management of Real Estate Portfolio - Briefing 

BACKROUND:
Staff will provide continuing discussion regarding the management of the Real Estate
Division's portfolio and will commence a discussion of the relative merits and
implications of selling vs. holding certain assets. The discussion will continue on the
themes of the earlier presentations that were spawned by the Century Agenda process and
will provide foundation for discussions regarding the recently completed audit by the
State Auditor's Office. 
Previous discussions were held during the following Commission meetings: 
Inventory & Assessment of Real Estate Portfolio       April 6, 2010 
2011 Budget  Real Estate Business & Capital Plans     August 17, 2010

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