Title
Public Hearing for Airport 2019 General Airport Revenue Bonds and 2019 Bond Anticipation Notes
Action
Action:
A. Hold and close a public hearing related to the issuance of General Airport Revenue Bonds and Revenue Bond Anticipation Notes to provide permanent financing for projects listed below, including expenses funded with short-term construction-period financing issued in 2017, and
B. Adopt a resolution authorizing and approving the issuance of up to $235,000,000 in General Airport Revenue Bonds, and up to $145,000,000 in an Airport Revenue Bond Anticipation Note program, and calling for the execution and delivery of various documents necessary to complete the sale.
Body
Staff Resource(s):
Brent Cagle, Aviation
Robert Campbell, Finance
Explanation
* On April 22, 2019, City Council authorized the application to the Local Government Commission for a debt issuance to fund projects in Aviation's Community Investment Plan and to refund existing debt, and set this public hearing.
* The 2019 General Airport Revenue Bonds (GARBs), expected to be issued in June 2019, will provide long-term financing for the following, or other similar projects, which are part of Aviation's Community Investment Plan:
? East Terminal Expansion,
? Terminal Rehabilitation,
? Concourse A North Expansion,
? Concourse E Expansion,
? Runway 18L/36R Rehabilitation and Taxiway C7 Removal,
? Vehicle Maintenance Facility,
? Terminal Fuel Farm Expansion, and
? Concourse A Renovation Fueling.
* The 2019 Bond Anticipation Notes will provide short-term financing for the following or other similar projects:
? Concourse A Expansion,
? Terminal Lobby Expansion,
? Terminal Lobby Canopy,
? Customs and Border Protection Renovations,
? North End Around Taxiway and Relocation,
? Taxiway F Extension, Deice Pad and Taxiway South Cross Field,
? West Ramp Expansion and Fuel Station,
? Centralized Receiving and Distribution Center,
? Concourse E Expansion, and
? Joint Operations Center.
* Th...
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