Board Bill Number 51 In Session 2026-2027

Summary

An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the issuance, establishment of terms and sale of Airport Revenue Bonds not to exceed $________ million to [effect the refunding of all or a portion of the City's subordinated indebtedness incurred to provide interim financing and refinancing for the acquisition, expansion, construction, renovation and equipping or airport facilities and to finance the cost of the purchasing, extension, improvement or enlargement of the airport]; providing for the funding of any required debt service reserve funds and capitalized interest funds and for the payment of costs of issuance; appointing a trustee; approving and authorizing the preparation, execution and delivery of necessary or appropriate documents and actions; repealing inconsistent prior ordinances; and containing severability and emergency clauses.

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