HomeMy WebLinkAboutIR 25-0021INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 25-0021
To the Mayor and Members of the City Council February 4, 2025
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SUBJECT: DALLAS FORT WORTH INTERNATIONAL AIRPORT BOND
VA FINANCING PACKAGE 2025 AND CHAPTER 3 UPDATES TO
THE DFW AIRPORT CODE OF RULES AND REGULATIONS
The purpose of this Informal Report is to provide an overview of the Dallas Fort Worth International
Airport (DFW) request for approval from the Owner Cities of Dallas and Fort Worth regarding two
new bond ordinances and updates to the Airport Code of Rules and Regulations.
2025 DFW Bond Financing Package
The proposed new bond ordinances would authorize DFW to issue up to $3 billion in debt for the
period from March 1, 2025, to February 28, 2026. Proceeds from the issuance of debt will support
key capital initiatives, including the Central Terminal Area Expansion Program and the construction
of Terminal F. Additionally, the bond proceeds will be used to refund DFW's outstanding
commercial paper, ensuring timely availability of funds for DFW's capital program.
Key Actions:
• 70th Supplemental Bond Ordinance ($3 billion): Authorizes up to $3 billion in new bonds
for capital programs.
• 71st Supplemental Bond Ordinance: Allows the use of bond proceeds to refund
outstanding commercial paper.
The Airport Board approved these ordinances on December 5, 2024. The approval timeline for the
Owner Cities is as follows:
• January 28, 2025: Briefing to the Dallas City Council's Government Performance and
Financial Management Committee.
• February 4, 2025: Fort Worth City Council Work Session (Informal Report).
• February 12, 2025: Dallas City Council Agenda Meeting.
• February 25, 2025: Fort Worth City Council Agenda Meeting.
DFW Airport Code of Rules and Regulations Updates
The DFW Board is also seeking approval from Dallas and Fort Worth for updates to the Airport
Code of Rules and Regulations. These changes specifically address Chapter 3:
• Section 3-25(m): Remove the phrase "using their voice directed at members of the public
in a manner that causes a breach of the peace to the public."
• Section 3-25(n): Remove the phrase "in any way."
These revisions were proposed at the Dallas Transportation and Infrastructure Committee meeting
on September 16, 2024, and approved by the DFW Airport Board on November 14, 2024. The
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 25-0021
To the Mayor and Members of the City Council February 4, 2025
aTPage 2 of 2
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SUBJECT: DALLAS FORT WORTH INTERNATIONAL AIRPORT BOND
VA FINANCING PACKAGE 2025 AND CHAPTER 3 UPDATES TO
THE DFW AIRPORT CODE OF RULES AND REGULATIONS
Board recommends the City Councils approve these updates. The Fort Worth City ordinance to
approve the updates to is scheduled for City Council consideration at the February 25, 2025 Council
meeting,
For additional information relative to the bond ordinances, please contact Chris Poinsatte,
Executive Vice President and Chief Financial Officer, at 972-973-5210 or via email at
capoinsatte(a-)dfwairport.com. Information pertaining to updates to Chapter 3 of the Airport Code
and Rules Regulations, please contact Paul Tomme at 972-973-5488 or via email at
ptomme(a-)-dfwairport.com.
Jesus "Jay" Chapa
City Manager
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS