Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Diversion authority reports $47.5 million WIFIA reimbursement; loan will build reserves
Metro Flood Diversion Authority Board · March 27, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Staff told the Metro Flood Diversion Authority the project received its first WIFIA requisition of about $47.5 million as reimbursement for prior channel expenses; the $569 million loan increases trustee-held reserves and temporarily reduces sales-tax distributions to the authority.
The Metro Flood Diversion Authority reported that it received its first requisition payment from the WIFIA loan program — roughly $47.5 million — which reimburses prior expenses on the diversion channel, staff said.
Legal/finance staff explained that the WIFIA facility totals about $569 million in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
