ATP board approves bond authorization and three procurement contract recommendations on consent
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 full story
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.
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