TagPort Of Seattle(412)

A RESOLUTION of the Port Commission of the Port of Seattle expressing the Port of Seattle Commission's support for the Highline School District's Capital Facilities Improvement ballot measure. WHEREAS, as a community we have an obligation to provide for the education of our young people; and WHEREAS, effective learning requires facilities that are modem, safe and offer up-to- date technology; and WHEREAS, 26 of 3 1 of the Highline School District's schools were built in the 1950s or before; and WHEREAS, the learning environment for teachers and students in several Highline School District's schools is affected by noise from Seattle-Tacoma Airport aircraft operations; and WHEREAS, the Port of Seattle, the Highline School District, the Federal Aviation Administration and Washington State have formed a partnership to provide $200 million over 10 years for noise insulation improvements at the 15 schools most affected by aircraft noise; and WHEREAS, the implementation of this agreement is contingent on approval by Highline School District voters of the district's proposed $1 89.5 million Capital Facilities Improvement Bond; and WHEREAS, this bond issue will, if approved, also fund many additional improvements throughout the district to provide teachers and students with safe and modem facilities and technology they need to succeed;

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…