TRANSIT DRAWDOWN RESOLUTION

Board of County Commissioners · 2026-07-21 · resolution

[case 261079] The document is a legislative resolution authorizing the issuance of up to $350,000,000 in Transit System Sales Surtax Revenue Bonds for transportation and transit projects under the People's Transportation Plan. It does not specify any particular project site, address, or parcel. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The bonds will be sold to Wells Fargo Municipal Capital Strategies, LLC under a drawdown program, with a maximum of $200,000,000 outstanding at any one time. The document includes detailed terms for the bonds, including interest rates, conversion options, and related agreements. No public comment or stakeholder sentiment is stated in the document.