Regular Calendar
11.
91 Express Lanes Financing Documents
Robert Davis/Andrew Oftelie
Overview
On April 24, 2023, the Orange County Transportation Authority Board of Directors directed
staff to move forward with refinancing the $71.42 million of outstanding bonds secured by
revenues generated by the 91 Express Lanes. Final approval for the refinancing of the
outstanding 91 Express Lanes Bonds and the form of the financing documents for the
proposed transaction is presented for review and approval.
Recommendation
Adopt Resolution No. 2023-027, authorizing the issuance of Orange County Transportation
Authority Senior Lien Toll Road Revenue Refunding Bonds (91 Express Lanes), Series
2023, in an aggregate principal amount not to exceed $71.42 million, and the execution
and delivery of related financing documents. The related financing documents include
forms of the Second Supplemental Indenture, 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.
Attachments:
12.
Preview to the Public Hearing on Orange County Transportation Authority’s Fiscal
Year 2023-24 Budget and Personnel and Salary Resolution
Victor Velasquez/Andrew Oftelie
Overview
The Orange County Transportation Authority Fiscal Year 2023-24 Budget presents a
balanced plan of sources and uses of funds while providing for the current and future
transportation needs of Orange County. The Board of Directors may approve the Orange
County Transportation Authority Fiscal Year 2023-24 Budget following the public hearing to
be held at the Board of Directors’ meeting on June 12, 2023, at the following Board of
Directors’ meeting on June 26, 2023, or in a special meeting convened at their discretion,
on or before June 30, 2023. The Board of Directors are also asked to approve the
Personnel and Salary Resolution as part of the budget approval process.
Recommendations
A.
Approve by Resolution the Orange County Transportation Authority’s Fiscal Year
2023-24 Budget.
B.
C.
Approve the Personnel and Salary Resolution for fiscal year 2023-24.
Authorize the Chief Executive Officer, or his designee, to negotiate and execute the