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ATP board approves bond authorization and three procurement contract recommendations on consent
Summary
The board authorized the authority to issue up to $150 million in contract revenue bonds, renewed administrative authority related to bond issuance, and approved three procurement awards: PFM financial advisory ($1.825M), real estate advisory (up to $750K), and an outside legal services pool (up to $28.5M). All items passed unanimously on consent.
The Austin Transit Partnership board on Jan. 21 approved several financial and procurement items including an authorization to issue contract revenue bonds and a set of consultant and legal contracts designed to support the next phases of the project.
Staff said the board’s authorization permits ATP to issue contract revenue bonds up to…
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