HomeMy WebLinkAboutOrdinance 10732~- ,,
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CITY OF FORT~WORTH ORDINANCE
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AN ORDINANCE
ADOPTED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH
RATIFYING AND CONFIRMING THE ADOPTION OF THE
EIGHTEENTH SUPPLEMENTAL REGIONAL AIRPORT CONCURRENT
BOND ORDINANCE AUTHORIZING THE ISSUANCE OF DALLAS-
FORT WORTH REGIONAL AIRPORT JOINT REVENUE REFUNDING
BONDS, SERIES 1992A AND THE ADOPTION OF A CONCURRENT
ORDINANCE AUTHORIZING THE EXECUTION OF A CERTAIN
ESCROW AGREEMENT, AGREEMENT TO ENTER INTO ESCROW AND
FORWARD PURCHASE AGREEMENT AND ESCROW AND FORWARD
PURCHASE AGREEMENT
WHEREAS, on November 13, 1990 and November 14, 1990, the City Councils,
respectively, of the Cities of Fort Worth and Dallas (the "Cities") have adopted the Eighteenth
Supplemental Regional Airport Concurrent Bond Ordinance authorizing the issuance of the
Dallas-Fort Worth Regional Airport Joint. Revenue Refunding Bonds, Series 1992A (the
"Bonds"); and
WHEREAS, the Joint Revenue Bonds to be refunded are to be paid and retired,
pursuant to the terms of the Dallas-Fort Worth International Airport Series 1992A Escrow
Agreement with respect to the Series 1982A Joint Revenue Bonds to be refunded (the "Escrow
Agreement") between the Cities of Dallas .and Fort Worth and NCNB Texas National Bank; and
WHEREAS, the Bonds are to be sold to the Underwriters pursuant to the terms and
conditions of the Agreement to Enter Into Escrow and Forward Purchase Agreement (the
"Agreement to Enter Into Escrow and Forward Purchase Agreement"); and
WHEREAS, the Bonds are to be delivered to the holders of the Escrow Receipts
pursuant to a forward purchase arrangement in accordance with the terms and conditions of the
Escrow and Forward Purchase Agreement (the "Escrow and Forward Purchase Agreement"); and
WHEREAS, the Ciry of Fort Worth wishes to ratify and confirm the action taken on
November 13, 1990 with respect to such matters.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
The adoption of the Eighteenth Supplemental Regional Airport Concurrent Bond
Ordinance Authorizing the Issuance and Sale of Dallas-Fort Worth Regional Airport Joint
Revenue Refunding Bonds, Series 1992A and Other Matters Related Thereto and the adoption
of a Concurrent Ordinance authorizing the execution of a certain Escrow Agreement, Agreement
to Enter Into Escrow and Fotward Purchase Agreement and Escrow and Fotward Purchase
Agreement on November 13, 1990 is hereby ratified and confirmed.
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PASSED.NOVEMBER 20, 1990
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City Secretary,
City of Fort. Worth, Texas
PROVED AS TO FO AND LEGALITY
City Attorney,
City of Fort Worth, Texas
Mayor,
City of Fort Worth, Texas