Item 7a Memo
PORT OF SEATTLE MEMORANDUM COMMISSION AGENDA STAFF BRIEFING Item No. 7a Date of Meeting July 28, 2009 DATE: July 14, 2009, TO: Tay Yoshitani, Chief Executive Officer FROM: Michael McLaughlin, Director, Cruise and Industrial Properties SUBJECT: Terminal 86 Grain Facility Briefing Staff will brief on an overview of the Port's grain handling facility located at Terminal 86 which is fully operated by our tenant/customer Louis Dreyfus Corporation. The briefing will include history of the facility, overview of the current situation and lease agreement, business outlook and the need for future capital investment in this aging facility. Attention will be on next steps leading to a lease amendment which would include an extended term of ten years.
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