DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
Issuance, Sale, and Delivery of the Customer Facility Charge Revenue Bonds, Taxable Series 2015 (Consolidated Rental Car Facilities Project), and Airport System Revenue Improvement Bonds, Series 2015 (AMT)
SUMMARY:
A. This Resolution approving the form, content, and distribution of (i) the Preliminary Official Statement pertaining to the issuance, sale and delivery of up to $130,000,000 in principal amount of City of San Antonio, Texas Customer Facility Charge Revenue Bonds, Taxable Series 2015 (Consolidated Rental Car Special Facilities Project), and (ii) the Preliminary Official Statement Pertaining to the issuance of up to $45,000,000 in principal amount of City of San Antonio, Texas Airport System Revenue Improvement Bonds, Series 2015 (AMT); complies with the requirements contained in Securities and Exchange Commission rule 15c2-12; and authorizes the City's staff, Co-Financial Advisors and Bond Counsel to take all actions deemed necessary in connection with the sale of such bonds.
B. This Ordinance authorizes the issuance, sale and delivery of up to $130,000,000 in principal amount of City of San Antonio, Texas Customer Facility Charge Revenue Bonds, Taxable Series 2015 (Consolidated Rental Car Special Facilities Project), for the primary purpose of financing the construction of a new Consolidated Rental Car Facility at the San Antonio International Airport; delegates authority to certain City Officials to approve all final terms of such bonds; approves and authorizes an Indenture of Trust, a purchase contract, and all other documents, agreements, instruments and procedures related thereto; approves an increase in the Customer Facility Charge imposed on rental car transactions at and within the vicinity of the San Antonio International Airport (which is the primary security for such bonds); authorizes the Aviation Director to adju...
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