Items Types:
For Meeting of:
March 28, 2016
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

GOAA Resolution Approving an Overall Plan of Finance And Not to Exceed $100 Million in Debt


On February 17, 2016 the Greater Orlando Aviation Authority (GOAA) adopted a Resolution approving an overall plan of finance for the issuance of not to exceed $100,000,000 in aggregate par amount of debt in one or more series, including bonds and debt previously issued, and its Airport Facilities Revenue Bonds of the City of Orlando, and other senior and subordinate debt (collectively, the "Debt') secured in whole or in part by airport revenues, for the purpose of financing and refinancing (A) costs incurred to design and plan the first phase of the south terminal complex, including the procurement and payment of professional services for design consultants, architects, engineers, GSE consultants, system technology consultants, owner authorized representatives, construction managers and other related costs, and (B) costs related to the issuance of the bonds, including funding any necessary reserves (collectively, the "Future Project").  

For purposes of meeting the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, City Council is required to approve the Debt.

Fiscal & Efficiency Data: Not applicable

Recommended Action:
Approval of the Debt, adoption of the City Resolution, and authorization for the Mayor and City Clerk to execute the City Resolution and all bonds, agreements and other documents necessary for the issuance of the Debt for the Future Project, subject to review by the City Attorney's Office.

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: Wesley Powell
Approved By:

Department Date and Time
Budget Outside Routing Approval 3/3/2016 10:12 AM
City Clerk 3/3/2016 10:25 AM

Name: Description: Type:
City_Res_to_approve_TEFRA_with_exhibits_2016.pdf City Resolution_GOAA TEFRA 2016 Backup Material

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