Board Bill Number 10 In Session 2024-2025

Summary

This Board Bill seeks to authorize the issuance of up to Three Hundred Twenty Million Dollars ($320,000,000) airport revenue bonds (the "Bonds"). The Bonds will be secured and payable solely from funds pledged under the Amended and Restated Indenture of Trust dated as of July 1, 2009, as amended and supplemented from time to time, including the revenues derived from the operation of the Airport. Proceeds from the sale of the bonds will be used to: (1) finance the cost of the purchasing, extension, improvement or enlargement of the airport, (2) provide for the funding of any required debt service reserve funds and any capitalized interest funds, if any, and (3) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.

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