On September 21, 2016 GOAA will adopt a Supplemental Airport Facilities Revenue Bond Resolution which, among other things, authorizes the issuance of (1) Greater Orlando Aviation Authority Airport Facilities Revenue Bonds, Series 2016A (AMT), and 2016B (Non-AMT) in the combined aggregate principal amount not to exceed $250,000,000 to finance a portion of the costs of certain airport projects, refinance certain draws from lines of credit, fund a deposit to the Composite Reserve Subaccount of the Debt Service Reserve Account, pay capitalized interest on the bonds, and pay the costs of issuance of the bonds, and (2) $170,000,000 aggregate principal amount of Greater Orlando Aviation Authority Airport Facilities Taxable Refunding Revenue Bonds, Series 2016C to, among other things, advance refund and redeem, on a taxable basis, all or a portion of the Airport Facilities Revenue Bonds, Series 2009C and Series 2010A, and pay the costs of issuance of the 2016C Bonds.  Due to the timing of the pricing/issuance of the bonds it is necessary for the City to adopt the Resolution prior to the GOAA meeting.

The City Resolution approves the GOAA Supplemental Resolution and the documents attached thereto, including the forms of the Series 2016A, 2016B and 2016C Bonds, Bond Purchase Agreement, Preliminary Official Statement, Continuing Disclosure Agreement, Escrow Deposit Agreement, Bondholder Consent and Private Activity Covenants.  The City Resolution and GOAA Supplemental Resolution are attached. The documents attached to the Supplemental Resolution are voluminous and are on file in the City Clerk's Office.