City of San Antonio - File #: 19-7653

• File #: 19-7653
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 10/17/2019
• Posting Language: Ordinance approving the issuance of the City of San Antonio, Texas Passenger Facility Charge and Subordinate Lien Airport System Revenue Refunding Bonds, Series 2019A (AMT), and City of San Antonio, Texas Passenger Facility Charge and Subordinate Lien Airport System Revenue Refunding Bonds, Taxable Series 2019B, in an aggregate principal amount not to exceed $115 million, delegating authority to approve all final terms of such Bonds, and approving and authorizing other matters incident and related thereto.
• Related files: 19-7459, 19-7652, 19-7654

Date	Ver.	Action By	Action	Result
10/17/2019	1	City Council A Session

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City-Wide


SUBJECT:

Issuance, Sale, and Delivery of 2019 Airport Refunding Bonds


SUMMARY:

A. This Ordinance authorizes the issuance of City of San Antonio, Texas Airport System Revenue Refunding Bonds, Series 2019A (AMT), and City of San Antonio, Texas Airport System Revenue Refunding Bonds, Taxable Series 2019B, in an aggregate principal amount not to exceed $110 million, delegating authority to approve all final terms of such Bonds, and approves and authorizes other matters incident and related thereto.
B. This Ordinance authorizes the issuance of the City of San Antonio, Texas Passenger Facility Charge and Subordinate Lien Airport System Revenue Refunding Bonds, Series 2019A (AMT), and City of San Antonio, Texas Passenger Facility Charge and Subordinate Lien Airport System Revenue Refunding Bonds, Taxable Series 2019B, in an aggregate principal amount not to exceed $115 million, delegating authority to approve all final terms of such Bonds, and approves and authorizes other matters incident and related thereto.
C. This Ordinance approves the form, content, and distribution of the Preliminary Official Statement pertaining to the issuance, sale and delivery of up to $110 million in principal amount of City of San Antonio, Texas Airport System Revenue Refunding Bonds in one or more series, and up to $115 million in principal amount of City of San Antonio, Texas Passenger Facility Charge and Subordinate Lien Airport System Revenue Refunding Bonds in one or more series; complying with the requirements contained in United States Securities and Exchange Commission Rule 15c2-12; authorizing the taking of all actions deemed necessary in connection with the sale of such Bonds; and authorizes a public hearing.


BACKGROUND INFORMATION:

The Airport System Revenue Refunding Bonds, Series 2019A (AMT) and Airport System Revenue Refunding Bonds, Taxable Series 2019B ("the 2019 A...