TRANSIT DRAWDOWN RESOLUTION

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

[case 261079 (File Number); R-621-26 (Reference)] This document is a 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 establishes a Drawdown Bond Program with Wells Fargo Municipal Capital Strategies, LLC as the purchaser, allowing for variable-rate drawdowns up to $200,000,000 at any one time, convertible to fixed-rate bonds. The resolution was adopted by the Board of County Commissioners on 7/21/2026. No specific project sites, addresses, or construction scopes are listed in the document text.