File #: 15-1492    Version: 1 Name:
Type: Report Status: Passed
File created: 4/4/2016 In control: Bay Area Toll Authority Oversight Committee
On agenda: 4/13/2016 Final action: 4/27/2016
Title: Direct Investment in $100 million San Francisco Certificates of Participation Purchase as an investment up to $100 million in Certificates of Participation (COP) to be issued by the City and County of San Francisco. The COPs, which will have a maturity of five years with an option to renew for five more, will be issued to provide interim financing to the Transbay Joint Powers Authority (TJPA) Phase 1 Transbay Terminal Project.
Attachments: 1. 4_DirectInvestment_TJPA, 2. 5b_DirectInvestment_TJPA.pdf, 3. 5b_City and County of San Francisco_HANDOUT.pdf

Subject:

Title

Direct Investment in $100 million San Francisco Certificates of Participation

 

Purchase as an investment up to $100 million in Certificates of Participation (COP) to be issued by the City and County of San Francisco.  The COPs, which will have a maturity of five years with an option to renew for five more, will be issued to provide interim financing to the Transbay Joint Powers Authority (TJPA) Phase 1 Transbay Terminal Project.

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Presenter:

Presenter

Brian Mayhew

 

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Recommended Action:

Action

Authority Approval