HomeMy WebLinkAboutResolution 2576CITY OF DALLAS RESOLUTION NO 99-
~° CITY OF FORT WORTH RESOLUTION NO 7CP
RESOLUTION APPROVING THE ISSUANCE AND SALE OF DALLAS-FORT
WORTH INTERNATIONAL AIRPORT FACILITY IMPROVEMENT
CORPORATION RENTAL CAR FACILITY CHARGE REVENUE BONDS,
TAXABLE SERIES 1999 IF SPECIFIED PARAMETERS ARE MET, AND
APPROVING DOCUMENTS RELATED THERETO
WHEREAS, with the approval of the Cities of Dallas and Fort Worth (the `Cities"), the
Dallas-Fort Worth International Airport Facility Improvement Corporation (the `Corporation') was
duly incorporated and is a validly existing Texas non-profit 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 Facility Improvement Corporation Rental Car Facility Charge Revenue Bonds, Taxable Series
1999" (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 necessary and appropriate to the issuance of
bonds, notes and other forms of debt instruments by the Issuer and 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, it is the desire of the City Councils of the respective Cities to approve the issuance
and sale of the Bonds and to approve the `First Supplemental Indenture, and the `Bond Purchase
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; and
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DALLAS THAT•
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH THAT•
Section 1 The `First Supplemental Indenture and the `Bond Purchase Agreement, all
in the form and substance submitted herewith, are hereby approved, in full compliance with the
Corporation's Articles of Incorporation, and the Bonds in the aggregate principal amount not to
exceed $25 000,000 with a final maturity date not later than November 1, 2024 and having an interest
rate not exceeding 9.50% per annum maybe issued for the purpose of paying the cost of acgwring and
constructing or causing to be acquired and constructed the 1999 Project" as defined and described in
the First Supplemental Indenture; and said 1999 Project is 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 m any manner change the specific uses, or methods of withdrawal or
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09/17/99:(4:OOpm)
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 22nd day of
September 1999
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09/17/99:(4:OOpm)
APPROVED AND ADOPTED BY THE FORT WORTH CITY COUNCIL this 21st day of
September 1999
1 ~ ~...~ ~~-,
Mayor City of Fort Worth, Texas
ATTEST:
City Secretary
City of Fort Worth, Texas
AP ROVED AS TO ORM AND EGALITY
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City Attorney
City~of`Fort Worth, Texas
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Signature Page for Fort Worth Resolution
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
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 the 21st day of
September 1999 approving the issuance and sale of Dallas-Fort Worth International Airport Facility
Improvement Corporation Rental Car Facility Charge Revenue Bonds, Taxable Series 1999 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 wntten 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 City Hall on a bulletin board located at a place convenient to
the public, all in compliance with the provisions of Chapter 551, Texas Government Code.
WITNESS MY HAND and the Official Seal of the City of Fort Worth, Texas, this the 21st day
of September 1999
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Crty Secretary Ci of Fort Worth, Texas
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NO LITIGATION CERTIFICATE
I, the undersigned City Attorney for the City of Fort Worth, do hereby certify that to the best
of my knowledge no litigation has been filed contesting or challenging m any way the City of Fort Worth
Ordinance No 10474 adopted on December 19 1989 by the City of Fort Worth with respect to the
approval of the Articles of Incorporation of the Dallas-Fort Worth International Airport Facility
Improvement Corporation ("Issuer"), or the City of Fort Worth Resolution No. 1942 adopted on
August 24 1993, amending the Articles of Incorporation of the Issuer or the City of Fort Worth
Resolution No. ~7 adopted on September 21, 1999 approving the issuance of the Dallas-Fort
Worth International Airport Facility Improvement Corporation Rental Car Facility Charge Revenue
Bonds, Taxable Series 1999 and the related agreements in accordance with such Articles of
Incorporation, and such Ordinance and Resolutions have not been amended or rescinded through the
date hereof.
Dated.
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Wade Adkins
City Attorney City of Fort Worth
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CERTIFICATE FOR RESOLUTION APPROVING THE ISSUANCE AND SALE
OF DALLAS-FORT WORTH INTERNATIONAL AIRPORT FACILITY
IMPROVEMENT CORPORATION RENTAL CAR FACILITY CHARGE
REVENUE BONDS, TAXABLE SERIES 1999
THE STATE OF TEXAS
COUNTIES OF TARRANT AND DENTON
CITY OF FORT WORTH
follows.
We, the undersigned officers of the City Council of the City of Fort Worth, hereby certify as
1 That said City Council convened in REGULAR MEETING ON THE 21st day of
September 1999 at the City Hall, and the roll was called of .the duly constituted officers and members
of said City Council, to-wit:
Kenneth Barr Mayor
Ralph McCloud, Mayor Pro Tem
Sylvia Glover Assistant City Secretary
Chuck Silcox, Councilmember
Clyde Picht, Councilmember
Jeff Wentworth, Councilmember
Becky Haskin, Councilmember
Jim Lane, Councilmember
Wendy Davis, Councilmember
Frank Moss, Councilmember
and all of said persons were present, except the following absentees. ~ ,.~ ,thus
constituting a quorum. Whereupon, among other business, the folio ng was transacted at said
Meeting: a written
RESOLUTION APPROVING THE ISSUANCE AND SALE OF DALLAS-FORT
WORTH INTERNATIONAL AIRPORT FACILITY IMPROVEMENT
CORPORATION RENTAL CAR FACILITY CHARGE REVENUE BONDS,
TAXABLE SERIES 1999 IF SPECIFIED PARAMETERS ARE MET, AND
APPROVING DOCUMENTS RELATED THERETO
was duly introduced for the consideration of said City Council and read in full. It was then duly moved
and seconded that said Resolution be adopted, and, after due discussion, said motion, carrying with it
the adoption of said Resolution, prevailed and carried by the following vote.
AYES. ~~
NOES. `~''~`~~
ABSTENTIONS. `77a~-Q-
2. That a true, full, and correct copy of the aforesaid Resolution adopted at the Meeting
described in the above and foregoing paragraph is attached to and follows this Certificate, that said
Resolution has been duly recorded in said City Council s minutes 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
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pertaining to the adoption of said Resolution, that the persons named in the above and foregoing
paragraph are the duly chosen, qualified, and acting officers and members of said City Council as
`' indicated therein, and that each of the officers and members of said City Council was duly and
sufficiently notified officially and personally in advance, of the time, place, and purpose of the aforesaid
Meeting, and that said Resolution would be introduced and considered for adoption at said Meeting,
and each of said 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 time, place, and purpose
of said Meeting was given, all as required by Chapter 551, Texas Government Code.
SIGNED AND SEALED the 21st day of September 1999
Mayor City of Fort Worth, Texas
Texas
~.~~ Signature Page for Certificate for Fart Worth Resolution
City Secretary