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Committee advances $165 million MTA revenue bond authorization for transit, bicycle and pedestrian projects
Summary
The committee advanced an ordinance and resolution authorizing up to $165 million in Municipal Transportation Agency revenue bonds to fund transit, bicycle, pedestrian, parking garage projects and related financing costs; staff estimated roughly $363 million total debt service over 30 years and annual combined debt service of about $18 million.
The Budget & Finance Committee advanced an ordinance and resolution authorizing issuance of not‑to‑exceed $165,000,000 in Municipal Transportation Agency (MTA) revenue bonds to finance transit, bicycle, pedestrian and parking projects and related financing costs. Sonali Bose, representing the project team, described the request as a follow-on to a 2012…
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