Port of Seattle 2024 TEFRA Notice Final

Notice is hereby given that a designated representative of the Port of Seattle (the “Port”) will hold an open public hearing on Thursday, June 20, 2024, starting at approximately 2 p.m. to be conducted via telephone conference call pursuant to IRS Revenue Procedure 2022-20, and Proclamation 20-28.15 of the Governor with regard to the Open Public Meetings Act, to consider the issuance by the Port of its Subordinate Lien Revenue Notes (Commercial Paper) Series 2001 A, B, C, & D, in the estimated principal amount of $400,000,000 (the “Notes”), and the issuance of its Intermediate Lien Revenue and Refunding Bonds, Series 2024B (Private Activity, AMT) in the estimated principal amount of not to exceed $850,000,000 (the “Series 2024 Bonds”). Individuals may access the public hearing by dialing toll-free 1-833-209-2690, and entering Meeting ID 141192423# when prompted. You will be connected when the hearing begins. (A) The proceeds of the Series 2024 Bonds are expected to provide funds for (i) the refinancing of up to $100,000,000 of improvements and equipment purchases at or adjacent to aviation facilities owned by the Port of Seattle and operated by the Port or its tenants, and financing and of improvements and equipment purchases at or adjacent to aviation facilities owned by the Port of Seattle and operated by the Port or its tenants, as described further in subsection (33) of the next paragraph; (ii) paying all or a portion of the interest to accrue on the Series 2024 Bonds during construction; (iii) funding a deposit…
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