36. Conduct a Public Hearing to Approve and Adopt a TEFRA Resolution for Application

Lee Board of County Commissioners · 2026-05-19 · agenda_item

The Lee Board of County Commissioners is considering a TEFRA Resolution for Application of Proceeds of the Public Finance Authority Air Cargo Obligated Group Revenue Bonds. This action is related to AFCO Airport Real Estate Group, located at Southwest Florida International Airport. The resolution, if adopted, would allow AFCO Airport Real Estate Group to use these revenue bonds for capital improvement project costs. This item is currently under review and has no direct impact on the County or Port Authority budget, as the bonds are payable solely from the revenues of AFCO Airport Real Estate Group RSW. The project involves capital improvements, which could include site preparation, construction, and related trades. Local contractors, suppliers, and service providers may find opportunities by engaging with AFCO Airport Real Estate Group early in the process, before specific bids and permits are finalized.