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Title:
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A bill for an ordinance concerning the Airport Facilities of the City and County of Denver; providing for the investment and application of certain defeasance deposits and other details in connection therewith; authorizing the execution of certain related agreements; ratifying action previously taken; providing for other related matters; and providing the effective date of this ordinance.
(BUSINESS, WORKFORCE & SUSTAINABILITY) Authorizes the Manager of Finance to deposit approximately $100 million of Airport funds into escrow accounts to defease outstanding bonds associated with unused baggage space on Concourse B and Concourse A. The last regularly scheduled Council meeting within the 30-day review period is on 7-16-12. The Committee approved filing this bill at its meeting on 6-13-12.
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