7a Memo

PORT OF SEATTLE 
MEMORANDUM 

COMMISSION AGENDA  STAFF BRIEFING 
Item No.            7a 
Date of Meeting     May 11, 2010 
DATE:      May 3, 2010 
TO:         Tay Yoshitani, Chief Executive Officer 
FROM:     Elizabeth Morrison, Sr. Manager, Corporate Finance 
SUBJECT:   Briefing on Intermediate Lien Revenue Bonds, Series 2010 (the Bonds) 

As part of the Port's on-going debt management, staff reviews opportunities to refund outstanding
bonds at lower interest rates. At this time, there are outstanding bonds that can be refunded for
savings. In addition, the 2010 Plan of Finance identified the need for bond funding for a portion
of the Airport capital program. A portion of the funding need will be included in the Bonds. This
briefing will provide information on the new funding needs and the refunding opportunities. 

Attachments:
PowerPoint

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