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Resolution 2764

Submitted by axp920 on
Adopted Date
Document File
Resolution Category
Bonds
Status
Active
Description
Providing for the issuance and sale of revenue bonds of the port district in the principal amount of $55,000,000 for the purpose of providing part of the funds required to acquire, construct, install and make certain improvements to Sea-Tac International Airport and to the port district's harbor facilities; providing the date, form, terms and maturities of the bonds to be issued; providing that such bonds be issued on a parity with certain outstanding revenue bonds of the port district; providing for the payment of the principal of and interest on said bonds out of the Revenue Bond Redemption Fund of the port district created by Resolution No. 2143 of the Port Commission; creating construction funds; and providing and adopting certain covenants safeguarding the payment of such principal and interest.