HomeMy WebLinkAboutResolution 3562-12-20073.
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CITY OF DALLAS RESOLUTION NO
CITY OF FORT WORTH RESOLUTION NO 3562 12 2007
RESOLUTION APPROVING THE ISSUANCE AND SALE OF DALLAS-FORT
WORTH INTERNATIONAL AIRPORT FACILITY IMPROVEMENT
CORPORATION RENTAL CAR FACILITY CHARGE REVENUE REFUNDING
BONDS TAXABLE SERIES 2008A AND B IF SPECIFIED PARAMETERS ARE
MET APPROVING DOCUMENTS RELATED THERETO AND RELATED
MATTERS
WHEREAS with the approval of the Cities of Dallas and Fort Worth (the `Cities"), the
Dallas-Fort Worth International Airport Facllrty Improvement Corporation (the `Corporation')
was duly incorporated and is a validly existing Texas non-profit airport facility financing
corporation pursuant to Chapter 22, Texas Transportation Code, as amended, and
WHEREAS the Corporation, proposes to issue and sell its `Dallas-Fort Worth
International Airport Facllrty Improvement Corporation Rental Car Facllrty Charge Revenue
Refunding Bonds, Taxable Series 2008A and B (the `Bonds") and
WHEREAS the Articles of Incorporation require the approval of the Cities prior to the
consummation of the sale and delivery of any bonds, notes, or other form of debt instruments by
the Corporation, which approval must include all agreements, the specific uses, and the methods
of withdrawal and expenditure of the proceeds of such obligations proposed to be issued by the
Corporation, all of which are to be stated and described in the proceedings approving such
obligations, and
WHEREAS rt is the desire of the Crty Councils of the respective Cities to approve the
issuance and sale of the Bonds and to approve those Rental Car Facility Agreements (herein
called the `Facility Agreements"), the `Trust Indenture,. the `Escrow Agreement, the `Bond
Purchase Agreements" and the `Bus Funding Agreement" (collectively the Agreements"),
which Agreements set forth the specific uses, and the methods of withdrawal and expenditure,
with respect to the proceeds of such Bonds,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DALLAS TEXAS THAT
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS THAT
Section 1 The `Facllrty Agreements, the `Trust Indenture, the `Escrow
Agreement, the `Bond Purchase Agreements, and the `Bus Funding Agreement, all in the
form and substance submitted herewith, are hereby approved m full compliance with the
Corporation s Articles of Incorporation, and the Bonds in the aggregate principal amount not to
exceed $140 000 000 with a final maturity date not later than November 1 2024 and having an
initial interest rate not exceeding 6 50% per annum, may be issued for the purpose of refunding
the outstanding Dallas-Fort Worth International Airport Facllrty Improvement Corporation
Rental Car Facllrty Charge Revenue Bonds, Taxable Series 1998 and Dallas-Fort Worth
1327663v.3 DAL504/71009 i _ ~
Res. No 3562 12 2007
International Airport Facility Improvement Corporation Rental Car Facility Charge Revenue
Bonds, Taxable Series 1999 (collectively the `Refunded Bonds") previously issued by the
Corporation, and paying costs and expenses in connection with the issuance of the Bonds, and
said purposes axe hereby approved. The Corporation -is hereby authorized to approve any
changes to such documents that do not result in any material alteration of the terms thereof and
do not in any manner change the specific uses, or methods of withdrawal or expenditure, of the
proceeds of such Bonds. Any such amendments or modifications must be provided prior to the
execution thereof to the office of each City Attorney
Section 2. This Resolution shall be effective upon final approval by both the Cities of
Dallas and Fort Worth, Texas.
APPROVED AND ADOPTED BY THE DALLAS CITY COUNCIL this day of
December 2007
APPROVED AND ADOPTED BY THE FORT WORTH CITY COUNCIL this l lt" day
of December 2007
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ATTEST
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Maycal Crty of Fort W
APPROVED
CITY COUNCIL ,
DEC 1 1 2007
City Secretary
Crty Attorney City of
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1327663x.3 DAL504/71009
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Res. No 3562 12 2007
THE STATE OF TEXAS §
COUNTY OF DALLAS §
CITY OF DALLAS §
I, the undersigned Crty Secretary of the City of Dallas, Texas, DO HEREBY CERTIFY
that the above and foregoing is a true and correct copy of a Resolution (and minutes pertaining to
its adoption) adopted by the Crty Council of the City of Dallas, Texas, on the day of
December 2007 approving the issuance and sale of Dallas-Fort Worth International Airport
Facility Improvement Corporation Rental Car Facility Charge Revenue Refunding Bonds,
Taxable Series 2008A and B and approving documents related thereto which resolution is
correctly enrolled m File No of the Records of the Crty of Dallas, Texas.
I FURTHER CERTIFY that said Resolution was passed at a meeting held after written
notice thereof stating the date, hour place and subject had been posted for more than seventy
two hours preceding the day of the meeting at the Crty Hall on a bulletin board located at a place
convenient to the public, all m compliance with the provisions of Chapter 551 Texas
Government Code
WITNESS MY HAND AND SEAL OF THE CITY OF DALLAS TEXAS this the
day of
Crty Secretary Crty of Dallas, Texas
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1327663v.3 DAL504/71009
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Res. No 3562 12 2007
THE STATE OF TEXAS
COUNTY OF TARRANT
CITY OF FORT WORTH
I, the undersigned Crty Secretary of the City of Fort Worth, Texas, DO HEREBY
CERTIFY that the above and foregoing is a true and correct copy of a Resolution duly presented
and passed by the Crty Council of the Crty of Fort Worth, Texas, at a regular meeting held on the
11 ~' day of December 2007 approving the issuance and sale of Dallas-Fort Worth International
Airport Facility Improvement Corporation Rental Car Facility Charge Revenue Refunding
Bonds, Taxable Series 2008A and B and approving documents related thereto, as same appears
of record in the office of the City Secretary
I FURTHER CERTIFY that said Resolution was passed at a meeting held after written
notice thereof stating the date, hour place and subject had been posted for more than seventy
two hours preceding the day of the meeting at the Crty Hall on a bulletin board located at a place
convenient to the public, all m compliance with the provisions of Chapter 551 Texas
Government Code.
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WITNESS MY HAND and the Official Seal of the Crty of,~Fo~ 'Worth;"Texas, this the
11 ~' day of December ~ ~,~ ` ~ ~ ..
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Crty Secretary '_. 't~ of:Fort Wort , exas
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1327663v.3 DAL504/71009