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Resolution#230473Passed
In plain English

This resolution allows San Francisco International Airport to issue up to $6.06 billion in refunding revenue bonds to refinance existing debt and up to $60.5 million for fuel storage facilities, among other financial measures. It also approves various financial arrangements, including lines of credit and loans, to support the airport's capital projects and operations.

Resolution approving the issuance of not to exceed $6,060,195,000 aggregate principal amount of San Francisco International Airport Second Series Refunding Revenue Bonds to refinance Bonds and Subordinate Bonds; approving the issuance of not to exceed $60,525,000 aggregate principal amount of San Francisco International Airport Special Facilities Bonds to refund bonds issued to finance fuel storage and delivery facilities; approving the issuance of not to exceed $262,530,000 aggregate principal amount of San Francisco International Airport Special Facilities Bonds to refund bonds issued to finance the Airport Hotel; approving revolving lines of credit and term loans in an available principal amount, together with the aggregate outstanding principal amount of Subordinate Bonds issued as Commercial Paper Notes, not to exceed $600,000,000; approving the purchase of Bonds or Subordinate Bonds by the Airport; approving the maximum interest rates, maturity dates and number of issues of such Capital Plan Bonds, Refunding Bonds, Subordinate Bonds and Special Facilities Bonds; approving certain Resolutions of the Airport Commission; and approving certain other related matters, as defined herein.

Introduced: May 2, 2023
Final action: Jul 6, 2023
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How it got here

Related / predecessor legislation
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BLA Rpt 051723
Budget and Legislative Analyst
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BLA Rpt 061423
Budget and Legislative Analyst
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How they voted

RECOMMENDED
Budget and Finance Committee · Jun 14, 2023Pass
2-0
CONTINUED TO CALL OF THE CHAIR
Budget and Finance Committee · May 17, 2023Pass
2-0

Legislative journey

Clerk of the BoardApr 20, 2023
·RECEIVED FROM DEPARTMENT
PresidentMay 2, 2023
RECEIVED AND ASSIGNED
Budget and Finance CommitteeMay 17, 2023 – Jun 14, 2023
CONTINUED TO CALL OF THE CHAIRPass
RECOMMENDEDPass
Board of SupervisorsJun 27, 2023
ADOPTEDPass
MayorJul 6, 2023
APPROVED