Alternate Project Name
San Luis Obispo Regional Transit Authority Operations & Maintenance Facility Project
Status
Credit Agreement Executed
Project Description
A 28,650 square-foot combined administration, operations, and maintenance facility on a 6.44-acre lot in the city of San Luis Obispo, California.
Project Details
Primary Revenue Pledge
Farebox Revenues
Fiscal Year Closed
FY2020
Funding Sources
Tifia Loan - $13.08 million
Project Delivery/Contract Method
The project is being procured using a firm fixed-price, date-certain contract.
Project Participants
Public Sponsor: San Luis Obispo RTA Construction: Specialty Construction, Inc.
Project Advisers/Consultants
To Borrower:
Project Lender
USDOT Pacific West Bank
Credit Assistance Detail
Direct loan: up to $13.08 million. The TIFIA loan will be repaid primarily from LTF taxes and have a pledge of farebox revenues.
Application Details
Applicant
San Luis Obispo Regional Transit Authority
LOI Fiscal Year Received
FY2020
LOI Received Date
Wed, 10/02/2019 - 12:00
Application Received Fiscal Year
FY2020
Credit Agreement Executed
Thu, 09/03/2020 - 12:00
Initial Eligibility Review
Review Complete
Creditworthiness Review
Review Complete
Application Review
Review Complete
Instrument Type
Direct Loan
