Title:
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MTC Resolution No. 3738, Revised. Revisions to Attachment B of the BART Car Replacement Funding Exchange and Reserve Account, authorizing a disbursement of up to $161 million and revising a condition on the previous authorization.
A request for authorization to disburse up to $161 million from the Exchange Account to BART for their railcar procurement project, consistent with the policies of the BART Car Replacement Funding Exchange and Reserve Account agreement and MTC Resolution No. 4302, Exchange Account Supplemental, which committed up to $179 million for railcar procurements associated with BART's Transbay Corridor Core Capacity Program, and to revise the condition related to FTA financing on the previous authorization of withdrawal of up to $220 million for replacement cars.
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