AN EMERGENCY ORDINANCE AUTHORIZING THE AMENDMENT OF THE 2024 REVOLVING LINE OF CREDIT AND/OR THE ISSUANCE BY THE CITY OF CLEVELAND OF ADDITIONAL AIRPORT SYSTEM SUBORDINATED INDEBTEDNESS IN THE FORM OF REVOLVING LINES OF CREDIT OR A COMMERCIAL PAPER PROGRAM IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO COLLECTIVELY EXCEED FOUR HUNDRED AND SEVENTY-SIX MILLION DOLLARS ($476,000,000) AT ANY ONE TIME TO PAY COSTS OF IMPROVING THE AIRPORT SYSTEM; AUTHORIZING AMENDMENTS TO THE 2024 LOAN AGREEMENT AND THE TWENTY-FIFTH SUPPLEMENTAL TRUST INDENTURE AND/OR ENTERING INTO ONE OR MORE REVOLVING CREDIT AGREEMENTS, REIMBURSEMENT AGREEMENTS, OFFICIAL STATEMENTS, DEALER AGREEMENTS, SUPPLEMENTAL INDENTURES, NOTES EVIDENCING SUBORDINATED INDEBTEDNESS AND OTHER AGREEMENTS RELATED TO SUBORDINATED INDEBTEDNESS; AND AUTHORIZING AND APPROVING RELATED MATTERS.

Committee

City Council

Introduced

November 7, 2025

On agenda

November 17, 2025

Passed

November 17, 2025

Enacted

November 17, 2025

Where it was heard

Finance, Diversity, Equity and Inclusion Committee Nov 17, 2025 City Council Nov 17, 2025 approved City Council Nov 10, 2025 read and referred to administrative review

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