The Pensacola City Council on Sept. 11 adopted a package of resolutions authorizing the issuance of airport revenue bonds in an aggregate par amount not to exceed $150,000,000 to finance improvements at Pensacola International Airport.
Resolutions approved included an amendment and restatement of the airport master bond resolution and authorizations for issuance, plan of finance and negotiated sale delegations to the mayor. City staff and airport officials described the bond authorization as providing budgetary flexibility for the terminal expansion and related projects — baggage handling systems, utilities, concourse upgrades, security checkpoint expansion, passenger boarding bridges, restrooms, ticketing, HVAC, roof replacement, parking and runway/taxiway work. Staff said the $150 million cap is an authorization ceiling that provides room for contingencies and inflation; actual borrowing will be sized to project need and market conditions.
Why it matters: The authorization gives the city the financing authority needed to move forward with a long‑planned terminal improvement program to accommodate increased passenger activity and to modernize airport infrastructure.
Votes and process: Council held the required public hearing and then adopted the related resolutions and a supplemental authorization by recorded votes (the motions on the airport finance items passed on recorded votes shown in the meeting as 6–0 or 6–0 where noted). The resolutions expressly delegated authority to the mayor to finalize sale terms within the approved parameters.
Ending: With the bond authorizations in place, airport staff will proceed to finalize financing, subject to the conditions and criteria approved by council, and will return with transaction execution details.