HomeMy WebLinkAboutResolution 1106t> C14 d 0, L, b 0 P. "10. Ile
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF FORT WORTH
On this the 17th day of December, 1985, the City
Council of the City of Fort Worth, Texas convened in Regular
Meeting at the regular meeting place thereof in the City
Hall, the meeting being open to the public and notice of
said meeting, giving the date, place and subject thereof,
having been posted as prescribed by Article 6252-17,
V.A.T.C.S., as amended, and the roll was called of the duly
constituted officers and members of the City Council, which
officers and members are as follows, to-wit:
Bob Bolen, Mayor Russell Lancaster
Bert C. Williams, Mayor Pro Tem Richard C. Newkirk
Ruth Alexander, City Secretary Kathy Wetherby
Jim A. Bagsby William N. Garrison
Estil Vance, Jr. Louis J. Zapata
• and all of said persons were present except the following
absentees:
thus constituting a quorum. Whereupon_ among other
business, the following was transacted, to-wit: A written
resolution bearing the following caption was introduced:
RESOLUTION APPROVING THE RESOLUTIONS OF THE
LONE STAR AIRPORT IMPROVEMENT AUTHORITY, INC..
AUTHORIZING THE ISSUANCE OF ITS AIRPORT
FACILITIES REVENUE BONDS, SERIES 1985 (AMER-
ICAN AIRLINES, INC. PROJECT) AND AUTHORIZING
THE EXECUTION AND DELIVERY OF AN INDENTURE OF
TRUST, A LOAN AGREEMENT, AN OFFICIAL STATE-
MENT AND A CONTRACT OF PURCHASE RELATING TO
SUCH ISSUE OF BONDS
The Resolution, a full, true and correct copy of which
is attached hereto, was read and reviewed by the City
Council.
Thereupon, it was moved by
and seconded by Councilmember
Resolution be finally passed and
Councilmember
that the
adopted. The Mayer put the
M motion to a vote of the members of the City Council, and the
Resolution was finally passed and adopted by the following
vote:
AYES:
NOES:
The Mayor then declared the Resolution passed and
approved and signed the same in the presence of the City
Council.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT
and to correctly reflect the duly constituted officers and
members of the City Council of said City, and the attached
and following copy of said Resolution is hereby certified to
be a true and correct copy of an official copy thereof on
file among the official records of the City, all on this
17th day of December, 1985.
Mayor, City of Fort Worth,
Texas
ATTEST:
City Secretary,
City of Fort Worth, Texas
APPROVED BY
(SEAL) CITE' COUNCIL
DEC 17 195
City Secretary of the
City of Fan ,+
•
RESOLUTION NO. (( D?
RESOLUTION APPROVING THE RESOLUTIONS OF THE LOPE STAR
AIRPORT IMPROVEMENT AUTHORITY, INC. AUTHORIZING THE
ISSUANCE OF ITS AIRPORT FACILITIES REVENUE BONDS,
SERIES 1985 (AMERICAN AIRLINES, INC. PROJECT) AND
AUTHORIZING THE EXECUTION OF AN INDENTURE OF TRUST, A
LOAN AGREEMENT, AN OFFICIAL STATEMENT AND A CONTRACT OF
PURCHASE RELATING TO SUCH ISSUE OF BONDS RELATING TO
SAID ISSUE OF BONDS
WHEREAS, Lone Star Airport Improvement Authority, Inc.
(the "Issuer") was created under the auspices of the City
of Fort Worth, Texas (the "Unit"); and
WHEREAS, the Issuer is authorized by the Development
Corporation Act of 1979, as amended, Article 5190.6,
Vernon's Annotated Civil Statutes (the "Act") to issue
revenue bonds on behalf of the Unit for the purpose of
paying all or part of the cost of a "project", as defined in
the Act; and
WHEREAS, the Issuer, by a Resolution adopted December
12, 1985, has authorized the issuance of its Airport
Facilities Revenue Bonds Series 1985 (American Airlines,
Inc. Project) and the execution and delivery of an Indenture
of Trust and Loan Agreement relating to said issue of bonds;
and
WHEREAS, the Issuer has additionally adopted a
Resolution authorizing the execution and delivery of an
official Statement and a Contract of Purchase relatinQ_ to
said issue of Bonds; and
WHEREAS, the Act requires that the governing body of
the Unit approve by written resolution any agreement to
issue bonds approved by the Issuer; and
WHEREAS, it is deemed necessary and advisable that this
Resolution be adopted.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT
Section 1. The "Resolution Authorizing the Issuance of
Lone Star Airport Improvement Authority, Inc. Airport
Facilities Revenue Bonds (American Airlines, Inc. Project)
Series 1985 and Authorizing the Execution and Delivery of an
Indenture of Trust and a Loan Agreement Relating to Said
Issue of Bonds", and the "Resolution Authorizing the
Execution and Delivery of an Official Statement and a
Contract of Purchase, each in substantially the form and
f
substance attached to this Resolution and made a part hereof
for all purposes, are hereby specifically approved, and the
Bonds may be issued as provided for therein.
is
Section 2. The Unit recognizes that, pursuant to
Article 5190.9, Section 6, V.A.T.C.S., the Bonds require the
obtention of a reservation allocation to the Issuer in order
that the Bonds meet one of the conditions of qualifying as
tax-exempt obligations, and by this Resolution the Unit
hereby assigns to the Issuer its allocable portion of the
state private activity bond volume with respect to the
reservation request to be filed for the Bonds by the Issuer
for the Unit.
Section 3. The Unit hereby approves the issuance of
the such issue of Bonds in the principal amounts of
$30,000,000 for American Airlines, Inc., and further
approves the Project as described in the aforesaid Loan
Agreement, and such approval shall be solely for the
purposes of Section 103(k) of the Internal Revenue Code of
1954, as amended, and the Unit shall have no liabilities for
the payment of the Bonds nor shall any of its assets be
pledged to the payment of the Bonds.
Section 4. That this Resolution shall take effect
immediately from and after its adoption.
PASSED AND APPROVED this -th day of December, 1985.
Mayor, City of Fort Worth,
Texas
i
ATTEST:
City Secretary,
City of Fort Worth, Texas
(SEAL)
APPROVED DY
CITY COUNCIL
APPROVED AS TO FORMI:
City Attorney,
City of Fort Worth, Texas
DEC 17 1985
City Secretary of the
City of Fort w nk