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Home My WebLink AboutResolution 582 rr �J19 r1aL L1o. RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF A CERTAIN SALE, PURCHASE AND CONTINUING SERVICES AGREEMENT BY AND BETWEEN THE CITY AND THE DALLAS-FORT WORTH REGIONAL AIRPORT BOARD WHEREAS, the City Council of the City of Fort Worth, Texas (the "City"), has found and determined and hereby finds and determines that the properties and improvements thereon described in a certain Sale, Purchase and Continuing Services Agreement, dated as of December 1, 1978 (the "Agreement") by and between the City and the Dallas-Fort Worth Regional Airport Board (the "Board") should be sold and conveyed to the Board under terms and provisions set forth in the Agreement and under the circumstances and for the reasons set forth in the preamble thereof; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1. That the form and substance of the Sale, Purchase and Continuing Services Agreement by and between the City and the Board, dated as of December 1, 1978, which is attached hereto and incorporated herein as Exhibit 1 be and hereby is in all respects approved. 2. That the City Manager, City Secretary and City Attorney be and hereby are authorized and directed to execute, attest and approve, respectively, the Sale, Purchase and Continuing Services Agreement, a copy of which is attached hereto as Exhibit 1. ADOPTED this 5th day of December, 08 M yor,lCy of Fort Worth, Texas ATTEST: \ j' tfC y Secretary, City of Fort Worth, Texas ROV AST FOhi AND LEGALITY: City Attorn , Ci o Fort Worth, Texas [SEAL] ROW ... THE STATE OF TEXAS X COUNTY OF TARRANT X CITY OF FORT WORTH X I, the duly appointed and acting City Secretary of the City of Fort Worth, Texas, do hereby certify as follows: 1. That this certificate is given for the benefit of the Attorney General of the State of Texas and the purchaser and subsequent holders of the Dallas-Fort Worth Regional Airport American Special Facilities Revenue Bonds, Series 1979, dated January 1, 1979, in the principal amount of $147,000,000. 2. That the City Council of the City of Fort Worth convened in regular meeting on December 5, 1978, at which Fort Worth Ordinance No. was passed approving and ratifying action of the Dallas-Fort Worth Regional Airport Board rleative to approval and execution of a certain American Airlines Second Supplemental Special Facilities Agreement and authorizing the issuance of Dallas-Fort Worth Regional Airport American Special Facilities Revenue Bonds, Series 1979, in the aggregate principal amount of$147,000,000, and related matters thereto. 3. That the December 5, 1978 meeting of the City Council was held at the regular meeting place thereof, was open to the public and notice of said meeting, giving the date, place and subject thereof was posted as prescribed by Article 6252-17, V.A.T.C.S. EXECUTED this the 5th day of December 1978. ity a etary, City of Fort Worth, Texas [SEAL] pRy ,NOW .... THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH On the 5th day of December, 1978, the City Council of the City of Fort Worth, Texas, convened in Regular Meeting, consisting of the following officers and members: Hugh Parmer Mayor Richard D. Newkirk ) Woodie W. Woods ) Jim Bradshaw ) Louis J. Zapata ) Counci(members Jeff Davis ) Mrs. Walter Barbour ) Jim A. Bagsby ) Shirley Johnson ) Jack W. Green City Secretary Robert L. Herchert City Manager Arthur R. Petersen City Attorney Ruth Howard Assistant City Secretary and all of said persons were present, except the following absentees: , thus constituting a quorum. Thereupon, among other business the following was transacted at said Meeting: Councilmember introduced a resolution of the City of Fort Worth, approving and aut orizing t e execution of a certain Sale, Purchase and Continuing Services Agreement by and between the City and the Dallas-Fort Worth Regional Airport Board, and moved that it be passed. The motion was seconded by Councilmember . The Resolution was read by the City Secretary. The motion, carrying with it the passage of the Resolution prevailed by the following vote: AYES: All members present voted "Aye." NOES: None. ABSENT: R�CQ�p The Resolution, as passed, is as follows: ftijil R��.�P-11 r ow Row RESOLUTION ( 1�. A RESOLUTION OF THE CITY" COUNCIL OF THE CITY OF FORT WORTH, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF A CERTAIN SALE, PURCHASE AND CONTINUING SERVICES AGREEMENT BY AND BETWEEN THE CITY AND THE DALLAS-FORT WORTH REGIONAL AIRPORT BOARD WHEREAS, the City Council of the City of Fort Worth, Texas (the "City"), has found and determined and hereby finds and determines that the properties and improvements thereon described in a certain Sale, Purchase and Continuing Services Agreement, dated as of December 1, 1978 (the "Agreement") by and between the City and the Dallas-Fort Worth Regional Airport Board (the "Board") should be sold and conveyed to the Board under terms and provisions set forth in the Agreement and under the circumstances and for the reasons set forth in the preamble thereof; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1. That the form and substance of the Sale, Purchase and Continuing Services Agreement by and between the City and the Board, dated as of December 1, 1978, which is attached hereto and incorporated herein as Exhibit 1 be and hereby is in all respects approved. 2. That the City Manager, City Secretary and City Attorney be and hereby are authorized and directed to execute, attest and approve, respectively, the Sale, Purchase and Continuing Services Agreement, a copy of which is attached hereto as Exhibit 1. ADOPTED this 5th day of December, M yor, .0 y of Fort Worth,, Texas ATTEST: !` r C' y Secretary, City of Fort Worth, Texas %g I � Wiwi ROV AS FO AND LEGALITY: '467 City Attorn , Ci o Fort Worth, Texas [SEAL] Now NNW THE STATE OF TEXAS COUNTY OF TARRANT I, Jack W. Green, 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 Resolution No, and an excerpt of the minutes attached thereto, which Resolution was presented and passed by the City Council of the City of Fort Worth, Texas, at a meeting of the Council held on December 5, 1978, which Resolution is duly 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 Article 6252-17, Vernon's Texas Civil Statutes, as amended. WITNESS MY HAND and the Official Seal of the City of Fort Worth, Texas, this December 5, 1978. 9a-L-_4k._ 4. y ecretary, City of Fort Worth, Texas [SEAL] �oSA GENERAL CERTIFICATE THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH We, the undersigned, the Mayor and City Secretary, respectively, of said City, hereby certify as follows: 1. That said City is a duly incorporated Home Rule City, having more than 5,000 inhabitants, operating and existing under the Constitution and laws of the State of Texas and the duly adopted Home Rule Charter of said City, which said Charter has not been amended since the date of the issuance of the last Series of bonds relating to the Regional Airport of the Cities of Dallas and Fort Worth, to-wit: Dallas-Fort Worth Regional Airport Flying Tiger Special Facilities Revenue Bonds, Series 1978, $6,500,000, dated November 1, 1978. 2. That no litigation of any nature has ever been filed pertaining to, affecting, or contesting: (a) the issuance, delivery, payment, security or validity of the proposed Dallas-Fort Worth Regional Airport American Special Facilities Revenue Bonds, Series 19791 dated January 1, 1979, in the principal amount of $1471000,000 (the "Series 1979 Bonds"), (b) the title of the present members and officers of the City Council of said City to their respective offices, or (c) the validity of the corporate existence or the Charter of said City. 3. That the Series 1979 Bonds are not payable from revenues otherwise received by the Dallas-Fort Worth Regional Airport Board from the operation of the Airport, but are payable solely from and secured by an irrevocable first and superior lien and pledge of certain Pledged Revenues, including certain Net.Rents to be derived by the Dallas-Fort Worth Regional Airport under and pursuant to the terms of a certain American Airlines Special Facilities Lease Agreement, dated as of October 1, 1972, a certain American Airlines Supplemental Special Facilities Agreement, dated as of February 1, 1973, and a certain American Airlines Second Supplemental Special Facilities Agreement, dated as of December 1, 1978, between the Board and American Airlines, Inc.; that none of said City's share of said revenues has been pledged or encumbered to any debt or obligation of said City except in connection with Dallas-Fort Worth Regional Airport American Special Facilities Revenue Bonds, Series 1972, dated October 1, 1972 in the principal amount of $8,700,000, Dallas-Fort Worth Regional Airport American Special Facilities Revenue Bonds, Series 1973, dated February 1, 1973 in the principal amount of $6,3001000, and the aforesaid proposed Series 1979 Bonds. 4. That the City is not in default in the performance of any of the covenants or obligations of the City contained in (i) the Contract and Agreement .* � , V between the Cities of Dallas and Fort Worth dated and effective as of April 15, 1968, (ii) the 1968 Regional Airport Concurrent Bond Ordinance, and (iii) the ordinances authorizing the aforesaid Series 1972 Bonds and Series 1973 Bonds, respectively, and that the Series 1979 Bonds are being issued as Special Facility Bonds under the express authority reserved in, and in compliance with the requirements of, Section 8.7 of the 1968 Regional Airport Concurrent Bond Ordinance. 5. That on the date hereof the following persons are the duly elected members and appointed officers of the City Council of the City, to-wit Hugh Parmer Mayor Richard D. Newkirk ) Woodie W. Woods ) Jim Bradshaw ) Louis J. Zapata ) Jeff Davis ) Counci lmembers Mrs. Walter Barbour ) Jim A. Bagsby ) Shirley Johnson ) Jack W. Green City Secretary Robert L. Herchert City Manager Arthur R. Petersen City Attorney Ruth Howard Assistant City Secretary EXECUTED this day of C' y Secretary, City of Fort Wort , Mayor Ci y of Fort Worth,, Texas Texas c [SEAL] ®FF�� Q��