HomeMy WebLinkAboutOrdinance 7600 ORDINANCE NO. I G'JQ
AN ORDINANCE AUTHORIZING DISTRIBUTION OF PRELIMINARY
OFFICIAL STATEMENT RELATING TO DALLAS-FORT WORTH
REGIONAL AIRPORT JOINT REVENUE CONSTRUCTION AND
REFUNDING BONDS, SERIES 1977, AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, it is deemed necessary and desirable that the
Dallas-Fort Worth Regional Airport Board construct additional
terminal facilities at the Dallas-Fort Worth Regional Airport;
and
WHEREAS, it is necessary and desirable that certain
Dallas-Fort Worth Regional Airport Joint Revenue Bonds be
refunded by the Cities of Dallas and Fort Worth, Texas
in order to achieve interest savings; and
WHEREAS, the advisors to the Cities and the Board have
caused to be prepared a preliminary Official Statement to be
used by the underwriters of said Bonds in offering the Bonds
for sale to the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That the preliminary Official Statement dated 16th day
of August, 1977 in substantially the form presented at this
meeting of the City Council is hereby approved and the under-
writers shown in said Official Statement are hereby authorized
to utilize said preliminary Official Statement in connection
with offering the Dallas-Fort Worth Regional Airport Joint
Revenue Construction and Refunding Bonds, Series 1977.
SECTION 2.
That this ordinance shall take effect on and after
the date of passage and it is so ordained.
APPROVED AS TO FORM AND LEGALITY:
S. G. JOHNDROE, JR.
City Attorney
ADOPTED:- A L4 Gu s r
EFFECTIVE: AuQ-- .. sr lLj 4"77
-2-
FILEV
LINE City of Fort Worth, Texas
BAILIFF Mayor and Council Communication
ATE REFERENCE SUBJECT: Joint Revenue Refunding and PAGE
NUMBER Construction Bonds - 1
8/16/77 G-3539 D/FW Airport 101
To take advantage of the favorable interest rates now prevailing, the
D/FW Airport Board is requesting authorization from the Cities of Fort
Worth and Dallas to issue $51,690,000 of Bonds for construction purposes
and $214,150,000 of Bonds for refunding of prior issues.
The Council will be asked to approve the award of the bonds on August 30,
1977. In preparation for the sale, it is requested that the Council
adopt the attached ordinance.
Recommendation
It is recommended that the Council adopt the attached ordinance authoriz-
ing distribution of the Preliminary Official Statement.
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Attachment
SUBMITTED BY: DISPOSITIO BY COUNCIL: I PROCESSED BY
gr APPROVED
ADOPTED ORDINANCE RIO ER (DESCRIBE-7 t o'o
DAT SECRETARY
DATE
CITY MANAGER 9/1 /0/-77