Alternate Project Name
Monterey-Salinas Transit District South County Operations & Maintenance Facility
Status
Credit Agreement Executed
Project Description
A 14,000 square-foot combined administration, operations, and maintenance facility on a 64.8-acre lot in King City, California.
This project utilized the TIFIA Rural Project Initiative (RPI).
Read the press release HERE .
Project Details
Primary Revenue Pledge
Tax Revenues
Fiscal Year Closed
FY2021
Funding Sources
TIFIA Loan - $8.45 million
Project Delivery/Contract Method
The project was procured using a firm fixed-price, date-certain contract.
Project Participants
Public Sponsor: Monterey-Salinas Transit District Construction: Diede Construction, Inc.
Project Advisers/Consultants
To Borrower:
Credit Assistance Detail
Direct loan: up to $8.45 million. The TIFIA loan repayment pledged will be from LTF taxes.
Application Details
Applicant
Monterey-Salinas Transit District (MST)
LOI Fiscal Year Received
FY2020
LOI Received Date
Wed, 05/20/2020 - 12:00
Application Received Fiscal Year
FY2020
Application Received Date
Wed, 09/09/2020 - 12:00
Credit Agreement Executed
Thu, 10/29/2020 - 12:00
Initial Eligibility Review
Review Complete
Creditworthiness Review
Review Complete
Application Review
Review Complete
Estimated Project Cost
$17.20M
Instrument Type
Direct Loan
