Convention Center Bridge Loan (25-1887A)
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An ordinance (1) approving and authorizing the Second Supplemental Indenture establishing the Senior Lien Special Tax Revenue Notes, Series A (Kay Bailey Hutchison Convention Center Dallas Venue Project) bridge loan in an amount not to exceed $1,000,000,000; (2) approving the execution and delivery of one or more Note Purchase Agreements with DNT Asset Trust, a wholly owned affiliate of JPMorgan Chase Bank, N.A., and the issuance of Notes pursuant thereto; and (3) resolving other matters related thereto - Financing: Convention Center Construction Fund ($1,055,181, upfront closing costs plus annual fees of $4,168,000 for a total cost of $5,223,181; with additional interest costs as accrued) (subject to annual appropriations)
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Actions
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Request executed Second Supplemental Indenture and map bond covenant deadlines
Context: The Dallas City Council adopted the Second Supplemental Indenture ordinance on June 11, 2025, making its covenant obligations immediately effective — failure to track compliance dates creates client exposure from day one.
Recommended: Obtain the fully executed indenture from the City Secretary's office and build a compliance calendar covering reporting requirements, reserve fund obligations, and any event-of-default triggers that became operative at adoption.
Register for bid solicitations tied to the Kay Bailey Hutchison Convention Center expansion
Applies if: You hold relevant construction, mechanical, electrical, or specialty trade capabilities in the Dallas area.
Context: The City Council approved a $259.4M guaranteed maximum price for the Kay Bailey Hutchison Convention Center expansion at the June 11, 2025 meeting, triggering a downstream procurement wave for the project.
Recommended: If you work in construction or specialty trades, the $259.4M guaranteed maximum price authorization from the June 11 meeting will generate subcontract and materials solicitations — register with the City of Dallas vendor portal and the prime contractor's procurement system to receive notices as packages are released.
File a records request for the new bond financing documents adopted June 11
Context: The June 11 meeting authorized $3,817.4M in total financial action, anchored by a $3,294.8M mid-year budget ordinance, making the underlying debt structure a significant public accountability question with no public narrative yet.
Recommended: Request the executed Second Supplemental Indenture, the accompanying bond official statement or offering documents, and the projected debt service schedule to determine what projects are being financed and the long-term cost to Dallas taxpayers.
Key Entities
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Timeline
An ordinance (1) approving and authorizing the Second Supplemental Indenture establishing the Senior Lien Special Tax Revenue Notes, Series A (Kay Bailey Hutchison Convention Center Dallas Venue Project) bridge loan in an amount not to exceed $1,000,000,000; (2) approving the execution and delivery of one or more Note Purchase Agreements with DNT Asset Trust, a wholly owned affiliate of JPMorgan Chase Bank, N.A., and the issuance of Notes pursuant thereto; and (3) resolving other matters related thereto - Financing: Convention Center Construction Fund ($1,055,181, upfront closing costs plus annual fees of $4,168,000 for a total cost of $5,223,181; with additional interest costs as accrued) (subject to annual appropriations)