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Council approves up to $500 million Tulsa Municipal Airport Trust revenue bonds and waives competitive bidding
Summary
The Tulsa City Council approved a resolution allowing trustees of the Tulsa Municipal Airport Trust to issue up to $500 million in revenue bonds to fund airport projects and approved a second amendment to the sublease with American Airlines. The council also approved an emergency clause for the resolution.
The Tulsa City Council on Wednesday approved a resolution authorizing the trustees of the Tulsa Municipal Airport Trust to issue one or more series of revenue bonds in an aggregate principal amount not to exceed $500,000,000 and approved a second amendment to the trust’s amended and restated sublease with American Airlines.
City staff introduced the resolution as mayoral item 4b. The measure authorizes issuance of trust revenue bonds designated as Tulsa Municipal Airport Trust…
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