Atlanta Council approves sale of up to $310 million in airport customer facility charge bonds

The Atlanta City Council voted 8-0 Aug. 6 to adopt a substituted ordinance authorizing the sale of airport customer facility charge (CFC) revenue bonds, approving bond documents and amending the FY 2026 budget to allow bond proceeds for airport projects.The action, taken at a special-call finance meeting called by Council President Doug Shipman, followed a presentation from the finance team that said the bonds were favorably priced on Aug. 5 and drew strong investor demand. The ordinance authorizes issuance of 2025 A and B CFC revenue bonds and establishes parameters for aggregate principal amounts, maturities, redemption provisions and related documents. Council moved the substituted ordinance forward by unanimous vote and then voted 8-0 to transmit it to the mayor’s office "posthaste" for execution. Deputy Chief Financial Officer Yolanda Carr told the council that pricing on Aug. 5 was "highly favorable," and that…