Government Contract | Washington
DIRECT PURCHASE of 2016 LTGO BONDS

Bid Information


Bid Alert No: 00000455823

Bid Title: DIRECT PURCHASE of 2016 LTGO BONDS

Agency Bid No. Title: 070162

Received Date: 01/08/2016

Close Date: 01/29/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:Fixed Rate 2016 LTGO Refunding Bonds The Bonds will be issued to refund the 2019-2025 maturities (totaling $23,850,000 of outstanding par amount) of the Ports Limited Tax General Obligation Bonds, Series 2008A (Non-AMT). The Bonds will constitute a general obligation of the Port and are payable from tax revenues of the Port and such other money as is lawfully available and pledged by the Port for the payment of principal of and interest on the Bonds. For as long as any of the Bonds are outstanding, the Port irrevocably will pledge to, in the manner provided by law, within the constitutional and statutory limitations provided by law without the assent of the voters, include in its annual property tax levy amounts sufficient, together with other money that is lawfully available, to pay principal of and interest on the Bonds as the same become due. Any such tax levy is subject to certain limitations. The full faith, credit, and resources of the Port will be pledged irrevocably for the prompt payment of the principal of and interest on the Bonds. The Port may levy up to 45 cents per thousand dollars of assessed value for general port purposes, including the establishment of a capital improvement fund for future capital improvements. A levy for the payment of the principal and interest on general obligation bonded indebtedness of a port district can be in excess of any levy made by a port district under the 45 cents per thousand dollars of assessed value limitation. Since 2009, the Ports targeted levy rate is $0.18365 per $1,000 assessed value. Based on the 2016 assessed valuation of approx. $81.75 billion, the Port budgeted levy revenue of $15.0

Product Codes: 94630, 94649, 94638

Agency Information


Issuing Agency: Port of Tacoma

State: Washington

Agency Type: State and Local

Contact: Heather Shadko Port Administration Office, One Sitcum Plaza, P.O. Box 1837, Tacoma, Washington, 98401-1837

Phone: 253-428-8697

Email: procurement@portoftacoma.com

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