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Joint Committee: Aviation; Finance

Monday, June 3, 2013 · 10:00 AM AM · Council Chambers -- City Hall -- Chicago, Illinois

TL;DR

The Aviation and Finance committees approved a major financing deal for Chicago's two airports (O'Hare and Midway) involving a federal loan and new rental car facility agreements. This move will help fund infrastructure improvements and modernize rental car operations at both airports.

Key Decisions

  • TIFIA loan and rental car facility agreements for O'Hare and Midway airports Passed
  • Consent Agenda approval Passed

Agenda

  1. Attendance
  2. O2013-4098 Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) loan and consolidated rental facility lease and concession license agreements with rental car companies qualifying as an "On-Airport Rental Car Company" at Chicago O'Hare International Airport and Chicago Midway Airport
    Ordinance
    Action: Recommended to Pass Passed

    Recommended to Pass BY VOICE VOTE

  3. 3 Approval of the Consent Agenda
    Action: Passed Passed

    A motion was made to Approve the Consent Agendaby the following vote: