Airport Terminal Loan Memorandum

At a glance

  • What: Memorandum of understanding between the City and the Regional Airport for the City's loan toward the terminal expansion, repaid to the vision fund over 30 years.
  • Where it stands: Recommended by the Legal and Finance Committee on November 10 per the captions; the loan is proposed at about $18.8 million at just under 5 percent.
  • Next: Council consideration; the airport board's review was expected before the council meeting.

Details

  • Source limits: built from the City's agenda item page and the YouTube auto-generated captions of the committee meeting. No agenda PDF or minutes were read; outcomes are unconfirmed against the minutes.

Sources

Log

  • Finance Director explained the bond structure and the added interest earned on treasuries. Approved by voice vote.