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File #: 21-3673    Version: 1 Name:
Type: Orange County Transportation Authority Item Status: Passed
File created: 8/18/2021 In control: Finance and Administration Committee
On agenda: 9/8/2021 Final action: 9/13/2021
Title: Bond Anticipation Notes (Interstate 405 Improvement Project), Series 2021 Financing Documents
Sponsors: Robert Davis, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. Attachment C, 6. Attachment D, 7. Attachment E, 8. Attachment F, 9. Attachment G


Bond Anticipation Notes (Interstate 405 Improvement Project), Series 2021 Financing Documents



The Orange County Transportation Authority Board of Directors approved the issuance of Bond Anticipation Notes as a short-term interim financing to support the construction of the Interstate 405 Improvement Project, and the selection of an underwriting team. Final approval for the issuance of the Bond Anticipation Notes and the financing documents for the proposed transaction are presented for review and approval.



Adopt Resolution No. 2021-076, authorizing the issuance and sale of Bond Anticipation Notes (I-405 Improvement Project), Series 2021 in an aggregate principal amount not to exceed $675 million, and the execution and delivery of related financing documents. The related financing documents include forms of the Master Indenture, First Supplemental Indenture, Standby Bond Purchase Agreement, Purchase Contract, Preliminary Official Statement, and the form of the Continuing Disclosure Certificate, and taking all other actions necessary in connection with the proposed transaction.