TITLE
Title
PUBLIC HEARING: APPROVAL OF $275,000,000 IN AIRPORT REVENUE BONDS (PIEDMONT TRIAD AIRPORT AUTHORITY)
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SPONSOR
Sponsor
Chris Herndon, Chief Financial Officer, Piedmont Triad Airport Authority
Tom Lee, Partner, Womble Bond Dickinson (US) LLP
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BACKGROUND
Background
The Piedmont Triad Airport Authority (PTAA) proposes to issue $275,000,000 of its airport revenue bonds to provide funds to cover the cost of the following: renovation and modernization of existing terminal and concourses, including renovation and modernization of the ticket lobby, TSA screening, baggage claim and concessions areas located at the Piedmont Triad International Airport (PTIA); funding interest on the airport bonds for the expected period of construction of this project; funding a deposit to a debt service reserve fund securing payment of the bonds; paying the premium on a bond insurance policy obtained with respect to the bonds; and pay the fees and expenses incurred in connection with the sale and issuance of the bonds.
Guilford County, the State of North Carolina or any county, municipal corporation or political subdivision will not have any liability whatsoever for the payment of principal or interest on the bonds. The bonds will not be deemed to constitute a debt of the County or a pledge of the faith and credit of the County, and will not affect its debt ratios or legal debt limit. The bonds will be payable solely from revenues and receipts of the PTAA pledged to the payment.
The notice of public hearing was published in the Greensboro News and Record and on the Guilford County Electronic Legal Notices website on August 20, 2026. The form of resolution to be adopted is listed below.
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RESOLUTION
Resolution
RESOLUTION APPROVING THE ISSUANCE OF NOT EXCEEDING $275,000,000 AGGREGATE PRINCIPAL AMOUNT OF AIRPORT REVENUE BONDS BY THE PIEDMONT TRIAD AIRPORT AUTHORITY TO FINANCE IMPROVEMENTS AT THE PIEDMONT TRIAD INTERNATIONAL AIRPORT
WHEREAS, the Piedmont...
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