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Approval of $310 Million Airport Customer Facility Charge Revenue Bonds for Atlanta Airport Improvements

  • When: 2025/06/16
  • Address: Citywide, Atlanta, Georgia
  • City: Atlanta
  • State: Georgia
  • Category: Infrastructure Development
  • Subcategory: Transportation
  • Asset Class: Commercial
  • Property Type: Industrial
  • Size (Dollars): $310,000,000

The City of Atlanta has approved an ordinance authorizing the issuance of up to $310 million in Series 2025 Customer Facility Charge (CFC) Revenue Bonds. These bonds will fund the financing and refinancing of improvements to the Hartsfield-Jackson Atlanta International Airport, specifically focusing on the Consolidated Rental Car Facility and the Automated People Mover (APM) Maintenance Facility. The funds are designated for various costs, including planning, engineering, design, acquisition, equipping, construction, and reconstruction. The ordinance also provides for debt service reserve, covers costs of issuance, and authorizes the execution of the bonds and related agreements. Additionally, it approves the preparation, use, and distribution of preliminary and final official statements in connection with the bond sale. The Chief Officer, City Finance Officer, or Airport Manager is granted authority to deem final the preliminary official statement for securities purposes and to approve and execute the final official statement, a continuing disclosure agreement, and a bond purchase agreement. The ordinance also permits certain amendments to the master bond ordinance and provides for other incidental related actions.

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