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Staff reports $47.5M WIFIA draw and recommends delaying subordinated sales‑tax bond due to rates
Metro Flood Diversion Authority Finance Committee · April 23, 2026
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Summary
Authority staff reported a roughly $47.5 million WIFIA draw to date on a $569 million loan facility and recommended waiting 30–60 days before selling a temporary subordinated sales‑tax bond because of recent interest‑rate volatility; staff expects a parameters resolution in May or June.
Authority counsel and finance staff updated the committee on federal and local financing.
John Shockley said the Authority has made one WIFIA draw for approximately $47,500,000 against a $569,000,000 facility and that roughly $521.5 million remains available to draw. He noted the…
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