HomeMy WebLinkAboutResolution 2668•_ _°r~.
RESOLUTION ~~68
APPROVING ISSUANCE OF BONDS BY
ALLIANCEAIRPORT AUTHORITY INC
FOR AMERICAN AIRLINES INC
THE STATE OF TEXAS §
COUNTIES OF TARRANT AND DENTON §
CITY OF FORT WORTH §
WHEREAS the AllianceAirport Authority Inc (the 'Issuer") is a nonprofit industrial
development corporation created by the Crty of Fort Worth, Texas (the 'Crty") pursuant to Article
5190 6 Texas Revised Civil Statutes, as amended (the Act') and
WHEREAS the Issuer is authorized by the Act to issue its revenue bonds on behalf of the
City for the purpose of financing all or part of the costs of a 'project as defined m the Act, and to
loan the proceeds thereof to finance all or part of the costs thereof; and
WHEREAS the Issuer heretofore has issued its AllianceAirport Authority Inc Special
Facilities Revenue Bonds, Serves 1990 (American Airlines, Inc Project) (the Series 1990 Bonds')
m the aggregate principal amount of $350 000 000 the issuance of which the City approved, as
required by the Act, and
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WHEREAS the Series 199,0 Bonds were issued to finance a project under the Act, to-wit,
the construction of a mayor aircraft maintenance base at Alliance Airport, within the Crty• and
WHEREAS the Act authorizes the Issuer to issue refunding bonds for the purpose of
refunding any bonds then outstanding, issued on account of a project, and
WHEREAS the Issuer has approved a resolution authorizing the issuance of one or more
series of bonds m the maximum aggregate principal amount of $400 000 000 (the Serves 2000
Bonds') for the purpose of refunding the Series 1990 Bonds, and
WHEREAS the general public had an opportunity to make comments on the Series 2000
Bonds and the Project at a public hearing duly called and held by the Issuer and
WHEREAS this City Council has reviewed the proceedings relative to the issuance of the
Series 2000 Bonds and, by adoption of this Resolution, intends to approve the Bond Resolution and
the execution and delivery of the Bond Documents by the Issuer the issuance of the Series 2000
Bonds, the plan of financing approved by the Bond Resolution and to make the findings required by
the Act to approve the Project, and
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WHEREAS the City has been provided with copies of the Bond Documents in substantially
final form which will be used to issue and secure payment of the aforementioned Series 2000 Bonds,
including specifically the Facilities Agreements.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS THAT
Section 1 The Facilities Agreements, in substantially the form and substance as attached to
the Bond Resolution and made a part hereof and thereof for all purposes, is hereby approved, and
Serves 2000 Bonds in the maximum aggregate principal amount not to exceed $400 000 000 maybe
issued pursuant thereto for the purpose of refunding the Series 1990 Bonds (for purposes of this
Resolution, the 'Project") and said Project is hereby approved The execution and delivery by the
Issuer of the documents contemplated by the Bond Resolution is hereby approved
Section 2 The City hereby approves the issuance of the aforesaid Serves 2000 Bonds in the
maximum aggregate principal amount not to exceed $400 000 000 for the User and such approval
shall be solely for the purposes of Section 147(f) of the Internal Revenue Code of 1986 as amended,
and the City shall have no liabilities for the payment of the Series 2000 Bonds nor shall any of its
assets be pledged to the payment of the Series 2000 Bonds.
Section 3 The City Secretary is authorized and directed to deliver executed copies of this
Resolution to the President of the Board of Directors of the Issuer for use in connection with the
issuance of the Senes 2000 Bonds The Mayor and the City Manager each are authorized to
executed such documents on behalf of the Crty to effect the provisions of this Resolution.
Section 4 This Resolution shall become effective immediately upon its passage
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CERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS
COUNTIES OF TARRANT AND DENTON
CITY OF FORT WORTH
We, the undersigned officers of said Crty hereby certify as follows
1 The Crty Council of said City convened m REGULAR MEETING ON THE 19TH DAY
OF SEPTEMBER, 2000 at the designated meeting place, and the roll was called of the duly
constituted officers and members of said City Council, to wit
Kenneth Barr
Jim Lane,
Chuck Silcox,
Becky Haslan,
Frank Moss,
Clyde Picht,
Jeff Wentworth,
Ralph McCloud,
Wendy Davis,
Bob Terrell,
David Yett,
Glona Pearson,
Mayor
Councilmembers
Crty Manager
City Attorney
Crty Secretary
and all of said persons were present, except thus constituting a quorum. Whereupon,
among other business, the following was transacted at said Meeting. a written
RESOLUTION
APPROVING ISSUANCE OF BONDS BY
ALLIANCEAIRPORT AUTHORITY INC
FOR AMERICAN AIRLINES INC
was duly introduced for the consideration of said Crty Council and read m full. It was then duly
moved and seconded that said Resolution be passed, and, after due discussion, said motion carrying
with it the passage of said Resolution, prevailed and carved by the following vote
AYES All members of the City Council shown present
above voted Aye except
NOES
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2 That a true, full and correct copy of the aforesaid Resolution passed at the Meeting
described m the above and foregoing paragraph is attached to and follows this Certificate, that said
Resolution has been duly recorded in said Crty Council's rmnutes of said Meeting; that the above and
foregoing paragraph is a true, full and correct excerpt from said City Council s minutes of said
Meeting pertaining to the passage of said Resolution, that the persons named m the above and
foregoing paragraph are the duly chosen, qualnfied and acting officers and members of said Crty
Council as mdncated therenn, that each of the officers and members of sand City Council was duly and
sufficnently notified officially and personally in advance, of the time, place and purpose of the
aforesaid Meeting, and that said Resolution would be nntroduced and considered for passage at said
Meeting, and each of sand officers and members consented, in advance, to the holding of said Meeting
for such purpose, and that said Meeting was open to the public and public notice of the tame, place
and purpose of sand meeting was given, all as required by Chapter 551 Texas Government Code, as
amended.
SIGNED AND SEALED the 19th day of September 2000
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ity Secreta Mayor
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