PILLAR: Core - Organizational Support
AGENDA DATE: April 8, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Government Affairs
PRIORITY: Transportation
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SUBJECT
Title
Approval and adoption of the aAmended and rRestated 55th Fifty-Fifth Supplemental and Concurrent Bond Ordinance relating to the Dallas Fort Worth International Airport Joint Revenue Bonds, reflecting certain changes to the Master Bond Ordinance as applicable to the Subordinate Commercial Paper Lien Program - Financing: No cost consideration to the City
Body
BACKGROUND
The Dallas Fort Worth International Airport (DFW) is seeking the approval from the owner cities of Dallas and Forth Worth of an aAmended and rRestated Fifty-Fifth 55th Supplemental and Concurrent Bond Ordinance reflecting changes to the Master Bond ordinance as applicable to the Subordinate Commercial Paper Lien Debt program.
The Fifty-Fifth Supplemental Concurrent Bond Ordinance was adopted in 2019 and created a subordinate Commercial Paper program. The purpose of the amendment is to modernize the document and align with other large airport issuers consistent with the prior OBA for the Master Bond Ordinance.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On March 5, 2026, the Dallas Fort Worth International Airport Board (DFW Airport Board) approved the Amended and Restated Fifty-Fifth Supplemental Concurrent Bond Ordinance by DFW Board Resolution No. 2026-03-70 these items.
The Committee on Finance was briefed by memorandum on the Amended and Restated Fifty-Fifth Supplemental Concurrent Bond Ordinance on March 24, 2026. <https://dallascityhall.com/government/citymanager/Documents/Council%20Materials/L.%20DFW%20Bonds%20approval%20032426.pdf>
The Committee on Finance was briefed by memorandum on this item on March 24, 2026.
FISCAL INFORMATION
No cost consideration to the City.