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TAC begins refining candidate project database ahead of bond planning
Summary
Staff told the TAC they will refine jurisdiction-submitted priority lists into a shorter set of regional priorities to support upcoming bond-issuance planning; committee members were asked to review and rank local top priorities ahead of May meetings.
Staff told the Technical Advisory Committee that work to refine the candidate project database for the CVTA’s bond-planning process will accelerate in May, and asked TAC members to review and update the priority lists they previously submitted.
Chet explained staff and the finance directors will work in parallel during April–May to develop budgets and timelines for projects that could be considered for a regional bond issuance. TAC members were asked to identify their top priorities and be prepared for a more detailed agenda item in May; staff indicated they will circulate updated project lists and expect jurisdictions to refine their short lists.
Members asked for additional clarity about the bond horizon and whether the proposed issuance would fund near-term projects or represent a longer-term investment. Staff said timelines and bonding parameters were still being developed and would be presented in more detail as the finance committee and working groups finalize recommendations. No formal action was taken; the item was for discussion and planning.
