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File #: 21-3743   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 10/13/2021 In control: Finance and Administration Committee
On agenda: 10/25/2021 Final action: 10/25/2021
Title: Transportation Infrastructure Finance and Innovation Act Debt Service Savings
Sponsors: Robert Davis, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report
Date Action ByActionResultAction DetailsMeeting DetailsVideo/Audio
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Title

Transportation Infrastructure Finance and Innovation Act Debt Service Savings

 

Overview

To support the construction of the Interstate 405 Improvement Project, staff has used a combination of Transportation Infrastructure Finance and Innovation Act loans and interim short-term financing to substantially reduce debt service costs. This staff report provides an overview of the financing strategies utilized and their contribution to the total debt service savings of $482 million.

Recommendation(s)

Receive and file as an information item.