On August 16, 2017 the Greater Orlando Aviation Authority (GOAA) adopted a resolution (2017 Supplemental Resolution) which, among other things, authorized the issuance of GOAA Priority Subordinated Airport Facilities Revenue Bonds, Series 2017A (AMT) of the City of Orlando (Series 2017A Subordinated Bonds) in the aggregate principal amount of not to exceed $1,100,000,000.  The purpose of the Series 2017A Subordinated Bonds is to (a) finance the acquisition, construction and rehabilitation of certain projects described in the 2017 Supplemental Resolution (collectively, the "South Terminal Complex"), (b) refinance certain draws on certain lines of credit previously used to interim finance portions of the South Terminal Complex, (c) make a deposit to the Pooled Subordinated Reserve Account of the Priority Subordinated Debt Service Reserve Fund to bring balance therein equal to the Pooled Subordinated Reserve account Requirement, (d) pay capitalized interest on the Series 2017A Subordinated Bonds, and (e) pay certain costs of issuance with respect to the 2017A Subordinated Bonds. 

The City Resolution approves the 2017 Supplemental Resolution, the Second Supplemental Subordinated Indenture of Trust attached as Exhibit A to the 2017 supplemental Resolution, and authorizes and approves the issuance of the Series 2017A Subordinated Bonds.