Director Piper briefed the board on a long‑standing Tolling Equipment Finance Agreement with CDOT that CTIO used to finance early tolling equipment and software costs. Piper said the agreement allowed CTIO to borrow from CDOT at the state's infrastructure bank rate and that four loans remain outstanding for early integration and corridor project costs.

Piper said CTIO has the net cash now to retire the loans and that paying the loans off would remove the obligations from CTIO's balance sheet, return more than $11,000,000 to CDOT, and save "1,000,000 and 1,200,000.0 in interest cost" as stated in the presentation. To reflect the ambiguity in the spoken line, staff explained the expected interest savings in the meeting as roughly $1.0–$1.2 million.

She explained the loans were originally executed to ensure CTIO owned the necessary tolling equipment and software while projects were still being built and before toll revenue was available to fund these items. The loans cover work including vendor integration with ETC and costs on corridors listed in the memorandum (Maxwell Westbound, South Gap, Central 70).

Piper recommended the board authorize staff to draft a formal resolution and a budget amendment for January to pay off the loans and said, "my recommendation would really be why wait?" She and the controller, Kaye Hruska, told directors they had reviewed the figures and believed CTIO can meet the payoff without jeopardizing other near‑term priorities.

The presentation was informational only; board members raised no objections to staff preparing an action for the January meeting. No formal vote to repay the loans occurred at this session.