HomeMy WebLinkAboutResolution 3461-03-2007A Resolution
NO 3461-03-2007
APPROVING A RESOLUTION OF
ALLIANCEAIRPORT AUTHORITY, INC.
WITH RESPECT TO THE ISSUANCE OF REFUNDING BONDS FOR
AMERICAN AIRLINES, INC.
WHEREAS, AllianceAirport Authority Ina (the "Authority") was created under the auspices
of the City of Fort Worth (the "City"); and
WHEREAS, it is deemed necessary and advisable that this Resolution be adopted,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT•
Section 1 The Facilities Agreement (the "Facilities Agreement") by and between American
Airlines, Inc. (the "Company") and the Authority in substantially the form and substance as attached to
this Resolution and made a part hereof for all purposes, is hereby approved, and revenue refunding
bonds in the principal amount not to exceed $400 000,000 (the "Bonds"), maybe issued for the purpose
of paying a portion of the cost of refunding the outstanding AllianceAirport Authority Inc. Special
Facilities Revenue Bonds, Series 1990 (American Airlines, lnc. Project) (the "Series 1990 Bonds").
The proceeds of the Senes 1990 Bonds were used in connection with acquiring and constructing or
causing to be acquired and constructed the Projects, as defined and described in the Facilities
Agreement, which Projects were found to be in compliance wrth the Development Corporation Act of
1979, as amended, and the rules promulgated thereunder by the Texas Department of Commerce; and
said Projects were approved by the City Council of the City in 1990 The City hereby approves the
issuance of the Bonds for the purpose of refunding the Series 1990 Bonds, which purpose constitutes a
public purpose under the laws of the State of Texas.
Section 2. The resolution adopted by the Authority authorizing the execution of the Facilities
Agreement, the Bond Purchase Agreement by and between the Authority and the underwriters named
therein, and the Trust Indenture, dated as of March 1 2007 (the "Trust Indenture"), by and between
the Authority and Manufacturers and Traders Trust Company as Trustee (the "Trustee"), and
authorizing the sale of the Bonds and the use of an Official Statement in connection with the sale of the
Bonds, in substantially the form and substance attached to this Resolution and made a part hereof for all
purposes, is hereby specifically approved, and the Bonds may be issued as provided for thereon.
Resolution No 3461-03-2007
AND IT IS SO RESOLVED.
Adopted this 6th day of March, 2007
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A`T~TES it ~~
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M' ..
=~"' Marty Hendrix
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AF °-r
-~- City Secretary ~ -
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CIFY 'CIL
MAR ~ 6 2007
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City Secretary of the
City of Fort Worth, Texas