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Board reviews Apron 2 financing options; staff to return with bids and detailed terms
Summary
Board heard options for financing the Apron 2 pavement project, including $4 million external loan scenarios (15-, 20- and 23‑year terms) and the district’s reserve capacity; no financing decision was made.
The Truckee Tahoe Airport District Board received an informational presentation on financing options for the Apron 2 rehabilitation project and asked staff to return with firm contractor bids and refined loan terms before choosing a financing path.
Staff told the board it has discussed loan scenarios with a broker (Oppenheimer) to assess market capacity for a roughly $4 million loan, assuming the overall project would total just over $5 million with about $1.4 million in anticipated FAA funding. The broker returned indicative interest-rate ranges and debt-service schedules for 15-, 20- and 23‑year…
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