RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
February 9, 2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Aviation, I transmit herewith an ordinance authorizing the execution of a purchase agreement for gate space from Delta Airlines at Concourse L at O'Hare International Airport.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule municipality pursuant to Article VII, Section 6 of the 1970 Illinois Constitution, and, as such, may exercise any power and perform any function related to its government and affairs;
WHEREAS, the City owns and operates an Airport known as Chicago O'Hare International Airport (the "Airport") with the authority to lease premises and facilities thereon and to grant other rights and privileges with respect thereto;
WHEREAS, Delta Air Lines, Inc. ("Delta") and City are parties to the Amended and Restated Airport Use Agreement and Terminal Facilities Lease dated as of January 1, 1985 (as amended, the "Delta Use Agreement") pursuant to which the City leases to Delta certain premises in Concourse L (the "Delta Premises") at the Airport;
WHEREAS, Delta has subleased a portion of the Delta Premises to American Airlines. Inc. ("American"), pursuant to a Sublease Agreement dated as of May 11, 1995 (the "American Sublease");
WHEREAS, Delta and City are parties to the Special Facility Use Agreement dated as of August 1, 1982, as amended and supplemented from time to time (the "SFUA"), relating to the $33,880,000 aggregate principal amount Chicago-O'Hare International Airport Special Facility Revenue Refunding Bonds, Series 1992 (Delta Air Lines, Inc. Terminal Project) (the "Bonds"), pursuant to which the City made the proceeds of the Bonds available to Delta to refund certain bonds which had been previously issued by the City to finance a portion of the costs of th...
Click here for full text