The Port of Seattle introduced Resolution No. 3822 on April 16, 2024, proposing the sale and issuance of General Obligation and Refunding Bonds for 2024. The bonds aim to raise approximately $200 million to partially fund non-airport capital investments in Maritime, Economic Development, and the Northwest Seaport Alliance North Harbor, while also refunding approximately $100 million in bonds originally issued in 2015 to achieve an estimated $3.6 million in debt service savings. Note that this document pertains to port infrastructure financing and does not directly address Sea-Tac Airport noise policy.Open full document
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This presentation to the Port of Seattle Commission introduces Resolution No. 3822 for the sale and issuance of General Obligation and Refunding Bonds, Series 2024. The bonds serve two purposes: approximately $200 million to partially fund Non-Airport capital investments in Maritime, Economic Development, and Northwest Seaport Alliance North Harbor projects, and approximately $100 million to refund G.O. bonds issued in 2015 for an estimated $3.6 million in net present value debt service savings.