HomeMy WebLinkAboutResolution 2791RJ~~
A Resolution
RESOLUTION NO _
of the City of Dallas
RESOLUTION NO °1~ ~ I
of the City of Fort Worth
A RESOLUTION ADOPTED CONCURRENTLY BY THE CITY COUNCILS OF THE
CITIES OF DALLAS AND FORT WORTH AUTHORIZING THE DALLAS/FORT
WORTH INTERNATIONAL AIItPORT BOARD TO PROCEED WITH THE
IMPLEMENTATION OF TTS UPDATED CAPITAL DEVELOPMENT PROGRAM.
WHEREAS, the Cities of Dallas and Fort Worth, Texas (the 'Cities"), on December 15 1999 and
December 14 1.999 respectively approved A Resolution Adopted By The City Councils of the Cities
of Dallas and Fort Worth Authorizing the Dallas/Fort Worth International Airport Board to Proceed with
the Implementation of its Capital Development Program, to Develop the Marketing Plan for the Financing
of the Costs of the Program, and to Submit NecessaryFinancing Documents to the City Councils for Final
Concurrent Approval
WHEREAS, the Dallas/Fort Worth International Airport Board (the 'Board") estimated that the capital
development program (the 'Original CDP") would cost approximately $2.5 billion in direct capital costs
and proposed that such cost be financed by issuing joint revenue bonds, commercial paper and other
revenue obligations to be authorized pursuant to revised and amended supplemental concurrent bond
ordinances, approved in form and substance by the City Councils of the Cities of Dallas and Fort Worth
(the 'City Councils"), by certain bond insurance companies acting on behalf of the holders of outstanding
joint revenue bonds;
WHEREAS, in March 2001 the CDP was amended by the Board with the approval of a majority-in-
interest of the signatory airlines (the 'Updated CDP");
WHEREAS, the Updated CDP totals approximately $2.6 billion as summarized in the attached exhibit
which summarizes the revisions from the Original CDP•
WHEREAS, the Board has requested the City Councils by concurrent action to approve and authorize
it to proceed with the Updated CDP
THEREFORE, BE TT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DALLAS.
THEREFORE, BE TT RESOLVED BY ~HE CITY COUNCIL OF THE CITY OF FORT
WORTH.
CITY OF FORT WORTH
~,.
CITY OF FORT WORTH
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PASSED BY THE FORT WORTH CITY COUNCIL THIS NOVEMBER 13, 2001
Mayor City of Fort Worth, Texas
(SEAL)
A
City Secretary
City of Fort Wo ,Texas
APP OVED AS TO FORM AND LEGALITY
~~
City Attorney
City of Fort Worth, Tex
CITY OF FORT WORTH
THE STATE OF TEXAS
COUNTY OF TARRANT
CITY OF FORT WORTH
I, Gloria Pearson, City Secretary of the City of Fort Worth, Texas, do hereby certify
1 That the above and foregoing is a true and correct copy of a Resolution, duly presented and
passed by the City Council of the City of Fort Worth, Texas, at a regular meeting held on November 13, 2001
as same appears of record in the Office of the City Secretary
2. That said meeting was open to the public, and public notice of the time, place and purpose
of said meeting was given, all as required by Chapter 551 Texas Government Code, as amend/end.
WITNESS MY HAND and the Official Seal of the City of Fort Worth, Texas, thisK~ day of
2001
City Secretary
City of Fort Worth Texas
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