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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