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Subject
title
Approval of Refunding the Measure M2 Sales Tax Revenue Bonds, Series 2010 A Build America Bonds
overview
Overview
On October 14, 2024, the Orange County Transportation Authority Board of Directors directed staff to pursue refunding of the Orange County Local Transportation Authority Measure M2 Sales Tax Series 2010 A Revenue Bonds. Board of Directors’ approval is necessary to finalize the refunding and to provide the draft financing documents required to complete the transaction.
recommendation
Recommendation(s)
Adopt Resolution No. 2025-008 authorizing the issuance and sale of Orange County Local Transportation Authority Measure M2 Sales Tax Revenue Refunding Bonds, Series 2025 in an aggregate principal amount not to exceed $270 million, the execution and delivery of a Fourth Supplemental Indenture, a Purchase Contract, an Official Statement, and a Continuing Disclosure Certificate, and taking all other actions necessary in connection with the proposed transaction.