Council Approves Airport Bond Terms
At a glance
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The Atlanta City Council unanimously approved, 8-0, a substitute ordinance setting terms and authorizing agreements for the 2026 airport general revenue bonds, then sent it to the mayor. A related FY2027 budget amendment for bond proceeds was referred unanimously to the Finance/Executive Committee; the ordinance does not state the bond amount.
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What this means
The approved ordinance establishes the financial terms for two series of 2026 airport revenue bonds, including interest rates, maturity dates, redemption provisions, and reserve requirements within previously established limits. The bonds are airport-backed debt, and the related budget changes will be reviewed by committee before further action. The council did not state a dollar amount for the bonds in the minutes.
Key decisions
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- Approved a substitute ordinance setting the terms for the City of Atlanta's Series 2026A and Series 2026B airport general revenue bonds by an 8-0 vote.
- Ratified prior actions and approved documents and agreements related to offering and selling the airport bonds.
- Directed the approved bond ordinance to the mayor immediately by an 8-0 vote.
- Referred a related FY2027 budget amendment for bond proceeds and contract funding changes to the Finance/Executive Committee by an 8-0 vote.
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