M ARYLAND T RANSPORTATION A UTHORITY R ESOLUTION 26-01
A R ESOLUTION REGARDING THE ISSUANCE BY THE M ARYLAND T RANSPORTATION A UTHORITY ( THE “MDTA”) OF ONE OR MORE SERIES OF ITS S PECIAL O BLIGATION P ASSENGER F ACILITY C HARGE R EVENUE B ONDS B ALTIMORE /W ASHINGTON I NTERNATIONAL T HURGOOD M ARSHALL A IRPORT ( THE “S ERIES 2026 PFC B ONDS ”) FOR THE PURPOSE OF ( I ) FINANCING AND REFINANCING THE ACQUISITION , CONSTRUCTION AND EQUIPPING OF CERTAIN AIRPORT FACILITY PROJECTS , ( II ) FUNDING DEBT SERVICE RESERVE FUNDS , AND ( III ) PAYING THE COSTS RELATED TO ISSUANCE OF THE S ERIES 2026 PFC B ONDS ; APPROVING THE PREPARATION AND DISTRIBUTION OF THE PRELIMINARY AND FINAL OFFICIAL STATEMENTS , A SUPPLEMENTAL TRUST AGREEMENT , A FINANCING AGREEMENT , AND A LEASING AGREEMENT AND ANY OTHER NECESSARY AND APPROPRIATE TRANSACTION DOCUMENTS ; AUTHORIZING THE SOLICITATION AND SELECTION OF PROVIDERS OF PROFESSIONAL SERVICES ; AUTHORIZING CERTAIN OFFICERS TO DETERMINE MATTERS PERTAINING TO THE SALE AND ISSUANCE OF THE S ERIES 2026 PFC B ONDS , INCLUDING THE FINANCING STRUCTURE AND TERMS ; AND AUTHORIZING , SPECIFYING , DETERMINING AND APPROVING CERTAIN OTHER MATTERS PERTAINING TO THE S ERIES 2026 PFC B ONDS . W HEREAS , the Maryland Transportation Authority, an agency of the State of Maryland (the “ MDTA ”) is authorized under Sections 4-101 through 4-406 of the Transportation Article of the Annotated Code of Maryland (2020 Replacement Volume, as amended and supplemented from time to time) (the “ Act ”) to finance “transportation facilities projects” (as defined in the Act), to issue revenue bonds for the purpose of financing the cost of transportation facilities projects (which includes airport facilities), to issue revenue bonds for the purpose of financing and refinancing transportation facilities projects and to perform any actions necessary or convenient to carry out the powers granted in the Act; and W HEREAS , the Maryland Aviation Administration, an agency of the State of Maryland and a unit within the Maryland Department of Transportation (the “ MDOT MAA ”) is authorized pursuant to Section 5-404 of the Transportation Article of the Annotated Code of Maryland (2020 Replacement Volume, as amended and supplemented from time to time) to establish or operate airports and airport facilities utilizing funds available under the Act; and W HEREAS , the MDOT MAA requested that the MDTA issue one or more series of its Special Obligation Passenger Facility Charge Revenue Bonds Baltimore/Washington International Thurgood Marshall Airport (the “ Series 2026 PFC Bonds ”) for the purpose of financing and refinancing improvements at Baltimore/Washington International Thurgood Marshall Airport (“ BWI Marshall Airport ”); and W HEREAS , the MDTA entered into the Trust Agreement dated as of December 1, 2003 (as previously amended and supplemented, the “ PFC Trust Agreement ”), with Manufacturers and Traders Trust Company, as trustee, to issue revenue bonds secured by passenger facility charge revenues generated from the operation of the airport facilities at BWI Marshall Airport (the “ PFC Revenues ”); and
Made with FlippingBook Digital Proposal Creator